Market outlook for 10/02/12

Nifty closed up 44.20 points (0.82%) at 5412.35 while Nifty Future closed at 5437.05, premium of 24.70 points.
Bank Nifty closed up 187.50 points (1.82%) at 10507.60 while Future closed at 10551.55, premium of 43.95 points.

• FII bought huge in Cash (Net buy 1200.66 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 97.36 Crore)
• DII sold in Cash (Net sell 1037.58 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5400 and 5300.
• Advance Decline for the day was 997:476.

NIFTY TECHNICAL

Current Spot: 5412.35
Pivot: 5392
5DEMA: 5353
10DEMA: 5283
20DEMA: 5165
50DEMA: 5031
RSI (14 days): 74.73
Parabolic SAR: 5319
Supports: 5360 - 5307 - 5275
Resistance: 5444 - 5476 - 55529
CAM Support: 5405 - 5397 - 5389 - 5366
CAM Resistance: 5420 - 5428 - 5436 - 5459
NF VIX Range: 5374 - 5500

Nifty Future VWAP: 5398.33
MP Values Nifty Future: VAH - 5398, POC - 5377, VAL - 5361

TARGET NIFTY
Buy Nifty Future above 5441 - 5485 - 5540 - 5625 SL - 5395
Sell Nifty Future below 5390 - 5350 - 5290 - 5240 SL - 5410

BANKNIFTY TECHNICAL

Current Spot: 10507.60
Pivot: 10440
5DEMA: 10306
10DEMA: 10099
20DEMA: 9742
50DEMA: 9288
RSI (14 days): 79.09
Parabolic SAR: 10175
Supports: 10334 - 10161 - 10055
Resistance: 10614 - 10720 - 10893
CAM Support: 10482 - 10456 - 10431 - 10354
CAM Resistance: 10533 - 10559 - 10584 - 10661
Bank Nifty VIX Range: 10359 - 10744

Bank Nifty Future VWAP: 10428.54
MP Values Bank Nifty Future: VAH - 10458, POC - 10380, VAL - 10302

TARGET BANKNIFTY
Buy BankNifty Future above 10559 - 10670 - 10790 - 10990 SL - 10474
Sell BankNifty Future below 10465 - 10360 - 10165 - 10040 SL - 10546

INTRADAY TRADE
Reliance Industries: Buy above 856 for targets of 859, 864, 874 SL 850
Reliance Industries: Sell below 848 for targets of 845, 840, 830 SL 854
Finantech: Buy above 817 for targets of 826, 845 SL 800
Recltd: Buy above 234 for targets of 238, 245 SL 288

SCORE SHEET
Titan: Buy above 210 for targets of 212, 215 SL 206: Target 212.35 achieved
Hindalco: Buy above 162 for targets of 164, 168 SL 158: Call not activated

POSITIONAL TRADE
Deltacorp: Buy above 83 for target of 88 SL 79 (2-3 Days)
Hdil: Buy above 99 for target of 107 SL 95.50 (1 Week)

Thanks and Regards

S&P Wealth Creators