Market outlook for 06/07/2012

Nifty closed up 24.75 points (0.47%) at 5327.30 while Nifty Future closed at 5344.50, premium of 17.20 points.
Bank Nifty closed up 112.45 points (1.07%) at 10641.90 while Future closed at 10638.25, discount of 3.65 points.

• FII bought in Cash (Net buy 429.22 Crore)
• FII sold in stock future but bought in index future, index option (Net sell 109.20 Crore)
• DII sold in Cash (Net sell 203.03 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 1102:417.

NIFTY TECHNICAL

Current Spot: 5327.30
Pivot: 5317
5DEMA: 5283
10DEMA: 5234
20DEMA: 5168
50DEMA: 5116
RSI (14 days): 70.73
Parabolic SAR: 5240
Supports: 5300 - 5272 - 5255
Resistance: 5344 - 5361 - 5389
CAM Support: 5323 - 5319 - 5315 - 5303
CAM Resistance: 5331 - 5336 - 5340 - 5352
Nifty Future VIX Range: 5286 - 5403

Nifty Future VWAP: 5333.26
MP Values Nifty Future: VAH - 5343, POC - 5322, VAL - 5308

TARGET NIFTY
Buy Nifty Future above 5349 - 5361 - 5380 - 5405 SL - 5333
Sell Nifty Future below 5327 - 5319 - 5291 - 5275 SL - 5344

BANKNIFTY TECHNICAL

Current Spot: 10641.90
Pivot: 10587
5DEMA: 10464
10DEMA: 10305
20DEMA: 10121
50DEMA: 9962
RSI (14 days): 70.49
Parabolic SAR: 10247
Supports: 10523 - 10405 - 10341
Resistance: 10706 - 10770 - 10888
CAM Support: 10625 - 10608 - 10592 - 10542
CAM Resistance: 10659 - 10675 - 10692 - 10742
Bank Nifty Future VIX Range: 10471 - 10806

Bank Nifty Future VWAP: 10570.73
MP Values Bank Nifty Future: VAH - 10613, POC - 10539, VAL - 10476

TARGET BANKNIFTY
Buy BankNifty Future above 10646 - 10722 - 10810 - 10960 SL - 10565
Sell BankNifty Future below 10554 - 10490 - 10350 - 10240 SL - 10586

INTRADAY TRADE
Reliance Industries: Buy above 741 for targets of 743, 747, 752 SL 736
Reliance Industries: Sell below 734 for targets of 732, 729, 725 SL 740
PFC: Buy above 186.5 for targets of 188.5, 191 SL 183.5
Lovable: Buy above 363 for targets of 366, 373 SL 356

SCORE SHEET
Mcleodruss: Buy above 311 for targets of 314, 320 SL 306: Target 316.75 done
Jswsteel: Buy above 728 for targets of 735, 745 SL 718: Target 733.70 done

POSITIONAL TRADE
Anantraj: Buy above 54 for target of 58 SL 52.7 (2-3 Days)
Apollotyre: Buy above 81 for target of 88 SL 79 (1 Week)

Thanks and Regards

S&P Wealth Creators