Market outlook for 01/04/11

Nifty closed up 46.10 points (0.80%) at 5833.75 while Nifty April Future closed at 5858.70 premium of 24.95 points.
Bank Nifty closed down 59.75 points (0.51%) at 11705.45 while April Future closed at 11763.35 premium of 57.90 points.

• FII bought huge in Cash (Net buy 2290.84 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 2290.84 Crore)
• DII sold big in Cash (Net sell 1716.85 Crore)
• US market is trading Flat to negative.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty April Call Option: 5800 and 5900.
• Most Active Nifty April Put Options: 5800 and 5700.
• Advance Decline for the day was 641:752.

NIFTY TECHNICAL

Current Spot: 5833.75
Pivot: 5828
5DEMA: 5734
10DEMA: 5648
20DEMA: 5576
50DEMA: 5589
RSI (15 days): 66.45
Parabolic SAR: 5436
Supports: 5784 - 5735
Resistance: 5878 - 5921

Nifty Future VWAP: 5862.36
MP Values Futures: VAH - 5882, POC - 5854, VAL - 5826

TARGET NIFTY
Buy Nifty Future above 5863 - 5898 - 5933 - 6010 SL - 5835
Sell Nifty Future below 5829 - 5799 - 5764 - 5666 SL - 5841

BANKNIFTY TECHNICAL

Current Spot: 11705.45
Pivot: 11724
5DEMA: 11558
10DEMA: 11348
20DEMA: 11136
50DEMA: 11014
RSI (15 days): 65.83
Parabolic SAR: 10597
Supports: 11550 - 11395
Resistance: 11879 - 12054

Bank Nifty Future VWAP: 11811.71
MP Values Bank Nifty Futures: VAH - 11868, POC - 11726, VAL - 11670

TARGET BANKNIFTY
Buy BankNifty Future above 11812 - 11932 - 12106 - 12240 SL - 11798
Sell BankNifty Future below 11746 - 11635 - 10501 - 11326 SL – 11809

INTRADAY TRADE
Reliance Industries: Buy above 1052 for targets of 1055, 1061, 1070 SL 1044
Reliance Industries: Sell below 1041 for targets of 1039, 1035, 1028 SL 1049
Hindunilvr: Buy above 289 for targets of 292, 297 SL 284
Gravita: Buy above 380 for targets of 385, 395 SL 370

SCORE SHEET
Ambujacem: Buy above 151 for targets of 153, 156 SL 147: Call not activated
Recltd: Buy above 261 for targets of 264, 269 SL 255: Target 266.60 achieved

POSITIONAL TRADE
HDIL: Buy above 178 for target of 189 SL 175 (One Week)
Esselpack: Buy above 51 for target of 56 SL 49 (One Week)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators