Market outlook for 09/07/2012

Nifty closed down 10.35 points (0.19%) at 5316.95 while Nifty Future closed at 5327.20, premium of 10.25 points.
Bank Nifty closed up 13.45 points (0.13%) at 10655.35 while Future closed at 10643.55, discount of 11.80 points.

• FII bought in Cash (Net buy 571.77 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 571.41 Crore)
• DII sold in Cash (Net sell 223.47 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 597:914.

NIFTY TECHNICAL

Current Spot: 5316.95
Pivot: 5311
5DEMA: 5294
10DEMA: 5249
20DEMA: 5182
50DEMA: 5124
RSI (14 days): 69.13
Parabolic SAR: 5259
Supports: 5294 - 5271 - 5255
Resistance: 5334 - 5350 - 5373
CAM Support: 5313 - 5310 - 5306 - 5295
CAM Resistance: 5321 - 5324 - 5328 - 5339
Nifty Future VIX Range: 5271 - 5383

Nifty Future VWAP: 5319.19
MP Values Nifty Future: VAH - 5330, POC - 5319, VAL - 5308

TARGET NIFTY
Buy Nifty Future above 5331 - 5343 - 5360 - 5385 SL - 5319
Sell Nifty Future below 5314 - 5305 - 5282 - 5263 SL - 5327

BANKNIFTY TECHNICAL

Current Spot: 10655.35
Pivot: 10630
5DEMA: 10528
10DEMA: 10369
20DEMA: 10172
50DEMA: 9989
RSI (14 days): 70.76
Parabolic SAR: 10335
Supports: 10573 - 10490 - 10432
Resistance: 10713 - 10771 - 10854
CAM Support: 10642 - 10630 - 10617 - 10578
CAM Resistance: 10668 - 10681 - 10694 - 10733
Bank Nifty Future VIX Range: 10481 - 10806

Bank Nifty Future VWAP: 10604.40
MP Values Bank Nifty Future: VAH - 10663, POC - 10623, VAL - 10583

TARGET BANKNIFTY
Buy BankNifty Future above 10652 - 10699 - 10760 - 10840 SL - 10605
Sell BankNifty Future below 10599 - 10560 - 10470 - 10410 SL - 10626

INTRADAY TRADE
Reliance Industries: Buy above 737 for targets of 739, 742, 746 SL 732
Reliance Industries: Sell below 731 for targets of 729, 726, 722 SL 736
IFCI: Buy above 41.4 for targets of 41.9, 42.6 SL 40.8
ICICIBank: Buy above 937 for targets of 943, 952 SL 926

SCORE SHEET
PFC: Buy above 186.5 for targets of 188.5, 191 SL 183.5: Target 196.00 done
Lovable: Buy above 363 for targets of 366, 373 SL 356: Call not active

POSITIONAL TRADE
Cipla: Buy above 330 for target of 345 SL 321 (2-3 Days)
Hdfc: Buy above 685 for target of 720 SL 674 (1 Week)

Thanks and Regards

S&P Wealth Creators