Market outlook for 05/03/12

Nifty closed up 19.60 points (0.37%) at 5359.35 while Nifty Future closed at 5391.50, premium of 32.15 points.
Bank Nifty closed up 145.40 points (1.41%) at 10434.30 while Future closed at 10512.30, premium of 78.00 points.

• FII bought in Cash (Net buy 578.65 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 26.37 Crore)
• DII sold in Cash (Net sell 70.48 Crore)
• Most Active Nifty Call Option: 5500 and 5600.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 698:743.

NIFTY TECHNICAL

Current Spot: 5359.35
Pivot: 5356
5DEMA: 5372
10DEMA: 5393
20DEMA: 5363
50DEMA: 5209
RSI (14 days): 52.52
Parabolic SAR: 5536
Supports: 5319 - 5278 - 5241
Resistance: 5396 - 5433 - 5474
CAM Support: 5352 - 5345 - 5338 - 5317
CAM Resistance: 5366 - 5374 - 5381 - 5402
NF VIX Range: 5326 - 5457

Nifty Future VWAP: 5389.83
MP Values Nifty Future: VAH - 5405, POC - 5385, VAL - 5365

TARGET NIFTY
Buy Nifty Future above 5398 - 5430 - 5475 - 5520 SL - 5385
Sell Nifty Future below 5383 - 5355 - 5315 - 5270 SL - 5396

BANKNIFTY TECHNICAL

Current Spot: 10434.30
Pivot: 10404
5DEMA: 10420
10DEMA: 10476
20DEMA: 10376
50DEMA: 9875
RSI (14 days): 54.20
Parabolic SAR: 10829
Supports: 10223 - 10012 - 9832
Resistance: 10615 - 10795 - 11006
CAM Support: 10398 - 10363 - 10327 - 10219
CAM Resistance: 10470 - 10506 - 10542 - 10650
Bank Nifty VIX Range: 10297 - 10728

Bank Nifty Future VWAP: 10498.48
MP Values Bank Nifty Future: VAH - 10672, POC - 10591, VAL - 10430

TARGET BANKNIFTY
Buy BankNifty Future above 10520 - 10690 - 10880 - 11100 SL - 10479
Sell BankNifty Future below 10470 - 10310 - 10090 - 9900 SL - 10507

INTRADAY TRADE
Reliance Industries: Buy above 816 for targets of 818, 822, 828 SL 811
Reliance Industries: Sell below 809 for targets of 807, 803, 797 SL 815
Timken: Buy above 236 for targets of 239, 245 SL 231
Ambujacem: Buy above 169 for targets of 170, 172 SL 167

SCORE SHEET
Wockpharma: Buy above 522 for targets of 529, 538 SL 510: Target 529.00 achieved
BankBaroda: Buy above 826 for targets of 831, 840 SL 817: Target 836.55 achieved

POSITIONAL TRADE
Irb: Buy above 189 for target of 198 SL 185 (2-3 Days)
Zeel: Buy above 137 for target of 145 SL 135 (1 Week)

Thanks and Regards

S&P Wealth Creators