Market outlook for 30/05/2012

Nifty closed up 4.45 points (0.09%) at 4990.10 while Nifty Future closed at 4981.65, discount of 8.45 points.
Bank Nifty closed up 9.80 points (0.10%) at 9708.10 while Future closed at 9653.50, discount of 54.60 points.

• FII bought in Cash (Net buy 90.50 Crore)
• FII bought in index future, stock future and in index option (Net buy 892.07 Crore)
• DII sold in Cash (Net sell 199.40 Crore)
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 5000 and 4900.
• Advance Decline for the day was 730:675.

NIFTY TECHNICAL

Current Spot: 4990.10
Pivot: 4997
5DEMA: 4949
10DEMA: 4939
20DEMA: 4981
50DEMA: 5103
RSI (14 days): 47.28
Parabolic SAR: 4830
Supports: 4975 - 4959 - 4937
Resistance: 5013 - 5035 - 5051
CAM Support: 4987 - 4983 - 4980 - 4969
CAM Resistance: 4994 - 4997 - 5001 - 5011
NF VIX Range: 4929 - 5035

Nifty Future VWAP: 4987.40
MP Values Nifty Future: VAH - 4997, POC - 4988, VAL - 4979

TARGET NIFTY
Buy Nifty Future above 4990 - 5005 - 5025 - 5050 SL - 4979
Sell Nifty Future below 4974 - 4965 - 4945 - 4920 SL - 4989

BANKNIFTY TECHNICAL

Current Spot: 9708.10
Pivot: 9726
5DEMA: 9556
10DEMA: 9493
20DEMA: 9576
50DEMA: 9861
RSI (14 days): 51.75
Parabolic SAR: 9133
Supports: 9669 - 9631 - 9574
Resistance: 9765 - 9822 - 9861
CAM Support: 9699 - 9691 - 9682 - 9655
CAM Resistance: 9717 - 9726 - 9734 - 9761
Bank Nifty VIX Range: 9500 - 9807

Bank Nifty Future VWAP: 9672.10
MP Values Bank Nifty Future: VAH - 9700, POC - 9675, VAL - 9650

TARGET BANKNIFTY
Buy BankNifty Future above 9675 - 9707 - 9765 - 9805 SL - 9653
Sell BankNifty Future below 9639 - 9615 - 9570 - 9515 SL - 9673

INTRADAY TRADE
Reliance Industries: Buy above 707 for targets of 709, 712, 718 SL 701
Reliance Industries: Sell below 698 for targets of 696, 693, 687 SL 705
Pantaloonr: Buy above 159 for targets of 161, 165 SL 155
Ajantpharm: Buy above 714 for targets of 721, 734 SL 701

SCORE SHEET
GmdcLtd: Buy above 173 for targets of 174.50, 177 SL 170.5: Target 181.90 Achieved
BataIndia: Buy above 918 for targets of 923, 933 SL 906: SL Hit

POSITIONAL TRADE
GmdcLtd: Buy above 180 for target of 187 SL 177 (2-3 Days)
Inventure: Buy above 52 for target of 58 SL 50 (1 Week)

Thanks and Regards

S&P Wealth Creators