Saturday, June 30, 2012

Market outlook for 02/07/2012

Nifty closed up 129.75 points (2.52%) at 5278.90 while Nifty Future closed at 5297.35, premium of 18.45 points.
Bank Nifty closed up 336.80 points (3.37%) at 10340.65 while Future closed at 10346.55, premium of 5.90 points.
  • FII bought huge in Cash (Net buy 3046.76 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 2160.08 Crore)
  • DII sold in Cash (Net sell 250.71 Crore)
  • Most Active Nifty Call Option: 5300 and 5400.
  • Most Active Nifty Put Options: 5200 and 5100.
  • Advance Decline for the day was 1118:393.
NIFTY TECHNICAL
Current Spot: 5278.90
Pivot: 5251
5DEMA: 5184
10DEMA: 5148
20DEMA: 5103
50DEMA: 5081
RSI (14 days): 67.69
Parabolic SAR: 5125
Supports: 5217 - 5154 - 5119
Resistance: 5314 - 5349 - 5411
CAM Support: 5270 - 5261 - 5252 - 5225
CAM Resistance: 5288 - 5297 - 5306 - 5332
Nifty Future VIX Range: 5233 - 5362
Nifty Future VWAP: 5273.42
MP Values Nifty Future: VAH - 5309, POC - 5287, VAL - 5248

TARGET NIFTY
Buy Nifty Future above 5301 - 5330 - 5365 - 5425 SL - 5271
Sell Nifty Future below 5266 - 5241 - 5185 - 5155 SL - 5287

BANKNIFTY TECHNICAL
Current Spot: 10340.65
Pivot: 10269
5DEMA: 10103
10DEMA: 10022
20DEMA: 9921
50DEMA: 9852
RSI (14 days): 64.28
Parabolic SAR: 9949
Supports: 10177 - 10014 - 9923
Resistance: 10432 - 10523 - 10687
CAM Support: 10317 - 10294 - 10271 - 10201
CAM Resistance: 10364 - 10387 - 10411 - 10481
Bank Nifty Future VIX Range: 10167 - 10526
Bank Nifty Future VWAP: 10265.15
MP Values Bank Nifty Future: VAH - 10373, POC - 10274, VAL - 10174

TARGET BANKNIFTY
Buy BankNifty Future above 10354 - 10455 - 10570 - 10765 SL - 10252
Sell BankNifty Future below 10241 - 10145 - 9950 - 9830 SL - 10282

INTRADAY TRADE
Reliance Industries: Buy above 740 for targets of 742, 746, 754 SL 733
Reliance Industries: Sell below 731 for targets of 729, 725, 716 SL 736
Ifci: Buy above 40.4 for targets of 40.9, 41.7 SL 39.6
Jpassociat: Buy above 73.7 for targets of 74.5, 75.5 SL 73.2

SCORE SHEET
TataSteel: Buy above 430 for targets of 433, 437 SL 426: Target 444.00 done
Godrejind: Buy above 237 for targets of 239, 243 SL 233: Target 244.20 done

POSITIONAL TRADE
CenturyTex: Buy above 311 for target of 326 SL 304 (2-3 Days)
TataMotors: Buy above 243.5 for target of 256 SL 238 (1 Week)

Thanks and Regards

S&P Wealth Creators

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