Sunday, April 1, 2012

Market outlook for 02/04/2012

Nifty closed up 116.70 points (2.25%) at 5295.55 while Nifty Future closed at 5333.25, premium of 37.70 points.
Bank Nifty closed up 285.10 points (2.87%) at 10212.75 while Future closed at 10269.85, premium of 57.10 points.
  • FII bought in Cash (Net buy 962.65 Crore)
  • FII sold in index future, index option but bought in stock future (Net sell 669.17 Crore)
  • DII sold in Cash (Net sell 167.32 Crore)
  • Most Active Nifty Call Option: 5300 and 5400.
  • Most Active Nifty Put Options: 5200 and 5100.
  • Advance Decline for the day was 1146:322.
NIFTY TECHNICAL
Current Spot: 5295.55
Pivot: 5269
5DEMA: 5241
10DEMA: 5257
20DEMA: 5284
50DEMA: 5231
RSI (14 days): 50.77
Parabolic SAR: 5380
Supports: 5230 - 5165 - 5127
Resistance: 5334 - 5272 - 5437
CAM Support: 5286 - 5277 - 5267 - 5239
CAM Resistance: 5305 - 5315 - 5324 - 5352
NF VIX Range: 5255 - 5412
Nifty Future VWAP: 5305.59
MP Values Nifty Future: VAH - 5346, POC - 5319, VAL - 5291

TARGET NIFTY
Buy Nifty Future above 5337 - 5370 - 5410 - 5475 SL - 5304
Sell Nifty Future below 5298 - 5270 - 5210 - 5165 SL - 5318

BANKNIFTY TECHNICAL
Current Spot: 10212.75
Pivot: 10148
5DEMA: 10110
10DEMA: 10179
20DEMA: 10259
50DEMA: 10043
RSI (14 days): 49.37
Parabolic SAR: 10550
Supports: 10047 - 9881 - 9781
Resistance: 10313 - 10414 - 10579
CAM Support: 10188 - 10164 - 10140 - 10066
CAM Resistance: 10237 - 10262 - 10286 - 10359
Bank Nifty VIX Range: 10049 - 10491
Bank Nifty Future VWAP: 10203.85
MP Values Bank Nifty Future: VAH - 10248, POC - 10189, VAL - 10130

TARGET BANKNIFTY
Buy BankNifty Future above 10278 - 10360 - 10455 - 10600 SL - 10200
Sell BankNifty Future below 10190 - 10115 - 9955 - 9860 SL - 10231

INTRADAY TRADE
Reliance Industries: Buy above 752 for targets of 756, 762, 774 SL 742
Reliance Industries: Sell below 740 for targets of 736, 730, 718 SL 746
Jublfood: Buy above 1180 for targets of 1200, 1235 SL 1149
PFC: Buy above 186 for targets of 188, 191 SL 182

SCORE SHEET
Ranbaxy: Buy above 450 for targets of 456, 466 SL 437: Target 474 done
PFC: Buy above 177 for targets of 179, 183 SL 173: Target 185.35 done

POSITIONAL TRADE
IFCI: Buy above 42.1 for target of 44 SL 41.2 (2-3 Days)
Renuka: Buy above 32 for target of 35 SL 31 (1 Week)

Thanks and Regards

S&P Wealth Creators

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