Market outlook for 04/07/2012

Nifty closed up 8.25 points (0.16%) at 5286.85 while Nifty Future closed at 5305.75, premium of 18.90 points.
Bank Nifty closed up 82.35 points (0.79%) at 10494.55 while Future closed at 10487.75, discount of 6.80 points.

• FII bought in Cash (Net buy 589.71 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 591.03 Crore)
• DII sold in Cash (Net sell 543.97 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 913:583.

NIFTY TECHNICAL

Current Spot: 5286.85
Pivot: 5290
5DEMA: 5240
10DEMA: 5193
20DEMA: 5136
50DEMA: 5110
RSI (14 days): 67.85
Parabolic SAR: 5192
Supports: 5264 - 5239 - 5213
Resistance: 5315 - 5341 - 5366
CAM Support: 5283 - 5279 - 5274 - 5260
CAM Resistance: 5293 - 5297 - 5302 - 5316
Nifty Future VIX Range: 5245 - 5367

Nifty Future VWAP: 5308.89
MP Values Nifty Future: VAH - 5319, POC - 5307, VAL - 5295

TARGET NIFTY
Buy Nifty Future above 5310 - 5333 - 5360 - 5395 SL - 5301
Sell Nifty Future below 5296 - 5276 - 5245 - 5215 SL - 5306

BANKNIFTY TECHNICAL

Current Spot: 10494.55
Pivot: 10499
5DEMA: 10298
10DEMA: 10164
20DEMA: 10018
50DEMA: 9935
RSI (14 days): 66.92
Parabolic SAR: 10084
Supports: 10453 - 10399 - 10353
Resistance: 10553 - 10599 - 10653
CAM Support: 10498 - 10489 - 10480 - 10452
CAM Resistance: 10516 - 10526 - 10535 - 10562
Bank Nifty Future VIX Range: 10315 - 10661

Bank Nifty Future VWAP: 10491.42
MP Values Bank Nifty Future: VAH - 10522, POC - 10496, VAL - 10470

TARGET BANKNIFTY
Buy BankNifty Future above 10496 - 10537 - 10590 - 10650 SL - 10471
Sell BankNifty Future below 10468 - 10434 - 10376 - 10330 SL - 10489

INTRADAY TRADE
Reliance Industries: Buy above 740 for targets of 742, 745, 751 SL 735
Reliance Industries: Sell below 733 for targets of 731, 728, 722 SL 739
Mindtree: Buy above 708 for targets of 715, 730 SL 697
Relcapital: Buy above 378 for targets of 382, 388 SL 373

SCORE SHEET
Adanient: Buy above 237 for targets of 240, 245 SL 232: Target 242.50 done
Educomp: Buy above 175.5 for targets of 177, 180 SL 173: SL Hit

POSITIONAL TRADE
Titan: Buy above 238 for target of 246 SL 234 (2-3 Days)
CrompGreav: Buy above 132 for target of 140 SL 129 (1 Week)

Thanks and Regards

S&P Wealth Creators