Market outlook for 05/07/2012

Nifty closed up 14.60 points (0.28%) at 5302.55 while Nifty Future closed at 5322.65, premium of 20.10 points.
Bank Nifty closed up 48.15 points (0.46%) at 10529.45 while Future closed at 10536.25, premium of 6.80 points.

• FII bought in Cash (Net buy 239.19 Crore)
• FII bought in index future, index option and in stock future (Net buy 424.45 Crore)
• DII sold in Cash (Net sell 161.77 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 957:525.

NIFTY TECHNICAL

Current Spot: 5302.55
Pivot: 5298
5DEMA: 5261
10DEMA: 5213
20DEMA: 5152
50DEMA: 5115
RSI (14 days): 68.86
Parabolic SAR: 5217
Supports: 5278 - 5253 - 5234
Resistance: 5322 - 5342 - 5367
CAM Support: 5298 - 5294 - 5290 - 5278
CAM Resistance: 5307 - 5311 - 5315 - 5327
Nifty Future VIX Range: 5263 - 5382

Nifty Future VWAP: 5312.64
MP Values Nifty Future: VAH - 5331, POC - 5321, VAL - 5303

TARGET NIFTY
Buy Nifty Future above 5327 - 5338 - 5355 - 5380 SL - 5311
Sell Nifty Future below 5306 - 5296 - 5272 - 5255 SL - 5319

BANKNIFTY TECHNICAL

Current Spot: 10529.45
Pivot: 10520
5DEMA: 10375
10DEMA: 10230
20DEMA: 10066
50DEMA: 9951
RSI (14 days): 68.00
Parabolic SAR: 10158
Supports: 10492 - 10454 - 10426
Resistance: 10558 - 10586 - 10624
CAM Support: 10523 - 10517 - 10511 - 10493
CAM Resistance: 10536 - 10542 - 10548 - 10566
Bank Nifty Future VIX Range: 10367 - 10705

Bank Nifty Future VWAP: 10515.52
MP Values Bank Nifty Future: VAH - 10534, POC - 10504, VAL - 10474

TARGET BANKNIFTY
Buy BankNifty Future above 10544 - 10578 - 10620 - 10680 SL - 10515
Sell BankNifty Future below 10505 - 10480 - 10420 - 10370 SL - 10526

INTRADAY TRADE
Reliance Industries: Buy above 738 for targets of 740, 744, 749 SL 733
Reliance Industries: Sell below 731 for targets of 729, 725, 719 SL 736
Mcleodruss: Buy above 311 for targets of 314, 320 SL 306
Jswsteel: Buy above 728 for targets of 735, 745 SL 718

SCORE SHEET
Mindtree: Buy above 708 for targets of 715, 730 SL 697: Target 717.15 done
Relcapital: Buy above 378 for targets of 382, 388 SL 373: Target 382.90 done

POSITIONAL TRADE
Jkcement: Buy above 194 for target of 210 SL 189 (2-3 Days)
Voltas: Buy above 115 for target of 128 SL 112 (1 Week)

Thanks and Regards

S&P Wealth Creators