Market outlook for 04/05/2012

Nifty closed down 50.75 points (0.97%) at 5188.40 while Nifty Future closed at 5199.80, premium of 11.40 points.
Bank Nifty closed down 180.05 points (1.75%) at 10126.55 while Future closed at 10115.55, discount of 11.00 points.

• FII bought in Cash (Net buy 73.74 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 41.90 Crore)
• DII sold in Cash (Net sell 347.00 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 411:1031.

NIFTY TECHNICAL

Current Spot: 5188.40
Pivot: 5195
5DEMA: 5215
10DEMA: 5223
20DEMA: 5240
50DEMA: 5278
RSI (14 days): 43.93
Parabolic SAR: 5308
Supports: 5174 - 5159 - 5137
Resistance: 5210 - 5232 - 5247
CAM Support: 5185 - 5182 - 5178 - 5168
CAM Resistance: 5192 - 5195 - 5198 - 5209
NF VIX Range: 5146 - 5253

Nifty Future VWAP: 5210.34
MP Values Nifty Future: VAH - 5226, POC - 5214, VAL - 5202

TARGET NIFTY
Buy Nifty Future above 5211 - 5224 - 5250 - 5270 SL - 5202
Sell Nifty Future below 5192 - 5182 - 5165 - 5140 SL - 5210

BANKNIFTY TECHNICAL

Current Spot: 10115.55
Pivot: 10161
5DEMA: 10212
10DEMA: 10240
20DEMA: 10270
50DEMA: 10302
RSI (14 days): 44.45
Parabolic SAR: 10532
Supports: 10066 - 10005 - 9910
Resistance: 10222 - 10316 - 10377
CAM Support: 10112 - 10098 - 10084 - 10041
CAM Resistance: 10141 - 10155 - 10169 - 10212
Bank Nifty VIX Range: 9975 - 10256

Bank Nifty Future VWAP: 10149.75
MP Values Bank Nifty Future: VAH - 10181, POC - 10140, VAL - 10099

TARGET BANKNIFTY
Buy BankNifty Future above 10154 - 10204 - 10290 - 10350 SL - 10131
Sell BankNifty Future below 10101 - 10060 - 10000 - 9910 SL - 10152

INTRADAY TRADE
Reliance Industries: Buy above 743 for targets of 745, 748, 752 SL 738
Reliance Industries: Sell below 735 for targets of 733, 730, 726 SL 741
Raymond: Buy above 418 for targets of 422, 428 SL 412
Coreedutec: Buy above 297 for targets of 300, 307 SL 293

SCORE SHEET
Dlf: Buy above 194 for targets of 195, 197 SL 191: Call not active
Titan: Buy above 245 for targets of 247, 250 SL 243: Target 247.70 done

POSITIONAL TRADE
Godrejcp: Buy above 568 for target of 584 SL 558 (2-3 Days)
Uniphos: Buy above 128 for target of 136 SL 124 (1 Week)

Thanks and Regards

S&P Wealth Creators