Market outlook for 10/05/2012

Nifty closed down 25.15 points (0.50%) at 4974.80 while Nifty Future closed at 4983.95, premium of 9.15 points.
Bank Nifty closed down 183.95 points (1.92%) at 9404.80 while Future closed at 9379.85, discount of 24.95 points.

• FII sold in Cash (Net sell 376.34 Crore)
• FII bought in index future, index option but sold stock future (Net buy 1093.25 Crore)
• DII bought in Cash (Net buy 162.37 Crore)
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 5000 and 4900.
• Advance Decline for the day was 388:1051.

NIFTY TECHNICAL

Current Spot: 4974.80
Pivot: 4983
5DEMA: 5059
10DEMA: 5118
20DEMA: 5174
50DEMA: 5250
RSI (14 days): 31.07
Parabolic SAR: 5226
Supports: 4949 - 4923 - 4889
Resistance: 5009 - 5042 - 5068
CAM Support: 4969 - 4964 - 4958 - 4942
CAM Resistance: 4980 - 4986 - 4991 - 5008
NF VIX Range: 4926 - 5042

Nifty Future VWAP: 4991.19
MP Values Nifty Future: VAH - 5006, POC - 4987, VAL - 4968

TARGET NIFTY
Buy Nifty Future above 4993 - 5020 - 5055 - 5090 SL - 4981
Sell Nifty Future below 4976 - 4955 - 4925 - 4885 SL - 4991

BANKNIFTY TECHNICAL

Current Spot: 9404.80
Pivot: 9523
5DEMA: 9714
10DEMA: 9903
20DEMA: 10066
50DEMA: 10237
RSI (14 days): 28.98
Parabolic SAR: 10282
Supports: 9473 - 9402 - 9353
Resistance: 9594 - 9643 - 9714
CAM Support: 9533 - 9522 - 9511 - 9478
CAM Resistance: 9555 - 9566 - 9577 - 9610
Bank Nifty VIX Range: 9221 - 9539

Bank Nifty Future VWAP: 9442.68
MP Values Bank Nifty Future: VAH - 9551, POC - 9482, VAL - 9413

TARGET BANKNIFTY
Buy BankNifty Future above 9424 - 9515 - 9660 - 9765 SL - 9403
Sell BankNifty Future below 9366 - 9280 - 9175 - 9035 SL - 9422

INTRADAY TRADE
Reliance Industries: Buy above 702 for targets of 705, 710, 718 SL 696
Reliance Industries: Sell below 693 for targets of 690, 685, 677 SL 700
ITC: Buy above 241 for targets of 244, 249 SL 235
Mcleodruss: Buy above 274 for targets of 277, 282 SL 269

SCORE SHEET
Hindunilvr: Buy above 435 for targets of 438, 441 SL 431: Call not Active
Godrejcp: Buy above 558 for targets of 562, 570 SL 554: Call not Active

POSITIONAL TRADE
Ranbaxy: Buy above 515 for target of 534 SL 507 (2-3 Days)
Fch: Buy above 138 for target of 148 SL 135 (1 Week)

Thanks and Regards

S&P Wealth Creators