Market outlook for 02/02/12

Nifty closed up 36.45 points (0.70%) at 5235.70 while Nifty Future closed at 5262.15, premium of 26.45 points.
Bank Nifty closed up 29.65 points (0.30%) at 9949.10 while Future closed at 9972.85, premium of 23.75 points.

• FII bought in Cash (Net buy 1676.49 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 271.30 Crore)
• DII sold in Cash (Net sell 32.29 Crore)
• US market is trading positive.
• Global cues are flat to positive.
• SGX nifty is flat as of now.
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 1032:418.

NIFTY TECHNICAL

Current Spot: 5235.70
Pivot: 5213
5DEMA: 5172
10DEMA: 5107
20DEMA: 5011
50DEMA: 4948
RSI (14 days): 69.62
Parabolic SAR: 5110
Supports: 5182 - 5128 - 5096
Resistance: 5267 - 5299 - 5353
CAM Support: 5228 - 5220 - 5212 - 5189
CAM Resistance: 5244 - 5251 - 5259 - 5283
NF VIX Range: 5194 - 5331

Nifty Future VWAP: 5223.03
MP Values Nifty Future: VAH - 5241, POC - 5197, VAL - 5179

TARGET NIFTY
Buy Nifty Future above 5266 - 5294 - 5328 - 5380 SL - 5235
Sell Nifty Future below 5229 - 5206 - 5150 - 5115 SL - 5245

BANKNIFTY TECHNICAL

Current Spot: 9949.10
Pivot: 9893
5DEMA: 9800
10DEMA: 9610
20DEMA: 9297
50DEMA: 9044
RSI (14 days): 71.53
Parabolic SAR: 9601
Supports: 9818 - 9687 - 9613
Resistance: 10024 - 10098 - 10229
CAM Support: 9930 - 9911 - 9893 - 9836
CAM Resistance: 9968 - 9987 - 10006 - 10062
Bank Nifty VIX Range: 9770 - 10176

Bank Nifty Future VWAP: 9870.76
MP Values Bank Nifty Future: VAH - 9911, POC - 9814, VAL - 9757

TARGET BANKNIFTY
Buy BankNifty Future above 9980 - 10053 - 10138 - 10290 SL - 9902
Sell BankNifty Future below 9892 - 9827 - 9676 - 9590 SL - 9922

INTRADAY TRADE
Reliance Industries: Buy above 833 for targets of 836, 843, 854 SL 825
Reliance Industries: Sell below 823 for targets of 820, 813, 804 SL 829
Lovable: Buy above 408 for targets of 414, 423 SL 399
Jindalstel: Buy above 578 for targets of 584, 598 SL 564

SCORE SHEET
CenturyTex: Buy above 282 for targets of 286, 293 SL 274: Target 335.55 achieved
StcIndia: Buy above 270 for targets of 273, 280 SL 261: Target 294.80 achieved

POSITIONAL TRADE
Sintex: Buy above 85.5 for target of 89.5 SL 83.4 (2-3 Days)
UcoBank: Buy above 71.5 for target of 77 SL 70 (1 Week)

Thanks and Regards

S&P Wealth Creators