Market outlook for 10/07/2012

Nifty closed down 41.80 points (0.79%) at 5275.15 while Nifty Future closed at 5279.40, premium of 4.25 points.
Bank Nifty closed down 67.30 points (0.63%) at 10588.05 while Future closed at 10569.15, discount of 18.90 points.

• FII bought in Cash (Net buy 252.98 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 410.33 Crore)
• DII sold in Cash (Net sell 287.65 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 442:1048.

NIFTY TECHNICAL

Current Spot: 5275.15
Pivot: 5278
5DEMA: 5288
10DEMA: 5254
20DEMA: 5191
50DEMA: 5130
RSI (14 days): 62.93
Parabolic SAR: 5334
Supports: 5255 - 5235 - 5212
Resistance: 5298 - 5321 - 5341
CAM Support: 5271 - 5267 - 5263 - 5252
CAM Resistance: 5279 - 5283 - 5287 - 5299
Nifty Future VIX Range: 5224 - 5335

Nifty Future VWAP: 5283.97
MP Values Nifty Future: VAH - 5289, POC - 5278, VAL - 5267

TARGET NIFTY
Buy Nifty Future above 5291 - 5308 - 5335 - 5365 SL - 5279
Sell Nifty Future below 5271 - 5258 - 5234 - 5205 SL - 5289

BANKNIFTY TECHNICAL

Current Spot: 10588.05
Pivot: 10583
5DEMA: 10548
10DEMA: 10409
20DEMA: 10211
50DEMA: 10013
RSI (14 days): 67.44
Parabolic SAR: 10406
Supports: 10530 - 10472 - 10419
Resistance: 10641 - 10694 - 10752
CAM Support: 10578 - 10568 - 10557 - 10527
CAM Resistance: 10598 - 10608 - 10619 - 10649
Bank Nifty Future VIX Range: 10412 - 10727

Bank Nifty Future VWAP: 10560.01
MP Values Bank Nifty Future: VAH - 10590, POC - 10563, VAL - 10536

TARGET BANKNIFTY
Buy BankNifty Future above 10577 - 10619 - 10670 - 10730 SL - 10551
Sell BankNifty Future below 10549 - 10515 - 10460 - 10410 SL - 10572

INTRADAY TRADE
Reliance Industries: Buy above 734 for targets of 736, 739, 745 SL 729
Reliance Industries: Sell below 727 for targets of 725, 722, 717 SL 732
Enginersin: Buy above 240 for targets of 243, 247 SL 237
Anantraj: Buy above 57.5 for targets of 58.5, 60 SL 56.5

SCORE SHEET
IFCI: Buy above 41.4 for targets of 41.9, 42.6 SL 40.8: SL Hit
ICICIBank: Buy above 937 for targets of 943, 952 SL 926: Target 942.80 done

POSITIONAL TRADE
Wockpharma: Buy above 930 for target of 965 SL 911 (2-3 Days)
VGuard: Buy above 260 for target of 285 SL 254 (1 Week)

Thanks and Regards

S&P Wealth Creators