Market outlook for 05/02/2013

Nifty closed down 11.65 points (0.19%) at 5987.25 while Nifty Future closed at 5996.30, premium of 9.05 points.
Bank Nifty closed down 57.90 points (0.46%) at 12548.35 while Future closed at 12584.00, premium of 35.65 points.

• FII bought in Cash (Net buy 856.94 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 162.96 Crore)
• DII sold in Cash (Net sell 592.33 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 524:978.

NIFTY TECHNICAL

Current Spot: 5987.25
Pivot: 6002
5DEMA: 6017
10DEMA: 6028
20DEMA: 6016
50DEMA: 5943
RSI (14 days): 47.94
Parabolic SAR: 6109
Supports: 5966 - 5945 - 5909
Resistance: 6023 - 6060 - 6081

Nifty Future VIX Range: 5960 - 6032
Nifty Future VWAP: 6021.08
MP Values Nifty Future: VAH - 6032, POC - 6004, VAL - 5991

TARGET NIFTY
Buy Nifty Future above 6032 - 6043 - 6065 - 6090 SL - 6004
Sell Nifty Future below 5991 - 5980 - 5965 - 5945 SL - 6017

BANKNIFTY TECHNICAL

Current Spot: 12548.35
Pivot: 12596
5DEMA: 12636
10DEMA: 12659
20DEMA: 12644
50DEMA: 12436
RSI (14 days): 47.00
Parabolic SAR: 12961
Supports: 12468 - 12388 - 12260
Resistance: 12676 - 12804 - 12884

Bank Nifty Future VIX Range: 12485 - 12683
Bank Nifty Future VWAP: 12665.09
MP Values Bank Nifty Future: VAH - 12744, POC - 12673, VAL - 12602

TARGET BANKNIFTY
Buy BankNifty Future above 12635 - 12675 - 12740 - 12840 SL - 12600
Sell BankNifty Future below 12565 - 12505 - 12430 - 12350 SL - 12722

INTRADAY TRADE
Reliance Industries: Buy above 895 for targets of 902, 912 SL 888
Reliance Industries: Sell below 883 for targets of 876, 866 SL 893
Prestige: Buy above 189 for targets of 191, 194 SL 186
Recltd: Buy above 250 for targets of 253, 258 SL 245

SCORE SHEET
Yesbank: Buy above 534 for targets of 538, 545 SL 528: Target 538.90 done
Titan: Buy above 287 for targets of 289, 292 SL 284: Target 290.00 done

POSITIONAL TRADE
Greavescot: Buy above 86.5 for target of 89 SL 85 (2-3 Days)
Essaroil: Buy above 92.5 for target of 100 SL 89 (1 Week)

Thanks and Regards

S&P Wealth Creators