Market outlook for 03/10/2012

Nifty closed up 15.50 points (0.27%) at 5718.80 while Nifty Future closed at 5754.15, premium of 35.35 points.
Bank Nifty closed down 36.35 points (0.32%) at 11420.45 while Future closed at 11504.35, premium of 83.90 points.

• FII bought in Cash (Net buy 207.51 Crore)
• FII sold in stock future but bought in index future, index option (Net sell 133.20 Crore)
• DII sold in Cash (Net sell 474.20 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 969:551.

NIFTY TECHNICAL

Current Spot: 5718.80
Pivot: 5712
5DEMA: 5683
10DEMA: 5637
20DEMA: 5553
50DEMA: 5430
RSI (14 days): 72.90
Parabolic SAR: 5656
Supports: 5701 - 5683 - 5672
Resistance: 5730 - 5741 - 5759

Nifty Future VIX Range: 5700 - 5808
Nifty Future VWAP: 5739.32
MP Values Nifty Future: VAH - 5759, POC - 5744, VAL - 5728

TARGET NIFTY
Buy Nifty Future above 5759 - 5770 - 5785 - 5805 SL - 5744
Sell Nifty Future below 5739 - 5730 - 5715 - 5695 SL - 5748

BANKNIFTY TECHNICAL

Current Spot: 11420.45
Pivot: 11418
5DEMA: 11390
10DEMA: 11212
20DEMA: 10917
50DEMA: 10621
RSI (14 days): 74.38
Parabolic SAR: 11207
Supports: 11369 - 11318 - 11270
Resistance: 11469 - 11517 - 11569

Bank Nifty Future VIX Range: 11336 - 11673
Bank Nifty Future VWAP: 11484.02
MP Values Bank Nifty Future: VAH - 11508, POC - 11476, VAL - 11444

TARGET BANKNIFTY
Buy BankNifty Future above 11510 - 11540 - 11585 - 11640 SL - 11476
Sell BankNifty Future below 11470 - 11440 - 11400 - 11350 SL - 11508

INTRADAY TRADE
Reliance Industries: Buy above 839 for targets of 842, 846, 852 SL 833
Reliance Industries: Sell below 832 for targets of 829, 825, 819 SL 837
Biocon: Buy above 285 for targets of 288, 291 SL 281
Mphasis: Buy above 415 for targets of 420, 426 SL 410

SCORE SHEET
Gujratgas: Buy above 345 for targets of 349, 355 SL 339: Target 349.75 done
Max: Buy above 226 for targets of 229, 235 SL 222: Target 228.00 done

POSITIONAL TRADE
Indiacem: Buy above 98 for target of 104 SL 96 (2-3 Days)
Iob: Buy above 82 for target of 88 SL 80 (1 Week)

Thanks and Regards

S&P Wealth Creators