Monday, April 2, 2012

Market outlook for 03/04/2012

Nifty closed up 22.35 points (0.42%) at 5317.90 while Nifty Future closed at 5350.65, premium of 32.75 points.
Bank Nifty closed up 92.60 points (0.91%) at 10305.35 while Future closed at 10353.80, premium of 48.45 points.
  • FII bought in Cash (Net buy 245.94 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 823.10 Crore)
  • DII sold in Cash (Net sell 72.81 Crore)
  • Most Active Nifty Call Option: 5300 and 5400.
  • Most Active Nifty Put Options: 5300 and 5200.
  • Advance Decline for the day was 1074:396.
NIFTY TECHNICAL
Current Spot: 5317.90
Pivot: 5309
5DEMA: 5267
10DEMA: 5268
20DEMA: 5287
50DEMA: 5236
RSI (14 days): 52.13
Parabolic SAR: 5356
Supports: 5287 - 5257 - 5235
Resistance: 5340 - 5362 - 5393
CAM Support: 5313 - 5308 - 5303 - 5289
CAM Resistance: 5323 - 5328 - 5332 - 5347
NF VIX Range: 5274 - 5427
Nifty Future VWAP: 5342.19
MP Values Nifty Future: VAH - 5358, POC - 5344, VAL - 5330

TARGET NIFTY
Buy Nifty Future above 5355 - 5379 - 5410 - 5450 SL - 5334
Sell Nifty Future below 5333 - 5312 - 5275 - 5245 SL - 5349

BANKNIFTY TECHNICAL
Current Spot: 10305.35
Pivot: 10269
5DEMA: 10175
10DEMA: 10202
20DEMA: 10263
50DEMA: 10055
RSI (14 days): 51.34
Parabolic SAR: 10465
Supports: 10217 - 10129 - 10076
Resistance: 10358 - 10410 - 10499
CAM Support: 10292 - 10280 - 10267 - 10228
CAM Resistance: 10318 - 10331 - 10344 - 10383
Bank Nifty VIX Range: 10137 - 10571
Bank Nifty Future VWAP: 10328.89
MP Values Bank Nifty Future: VAH - 10376, POC - 10339, VAL - 10302

TARGET BANKNIFTY
Buy BankNifty Future above 10362 - 10410 - 10470 - 10570 SL - 10319
Sell BankNifty Future below 10308 - 10265 - 10170 - 10100 SL - 10339

INTRADAY TRADE
Reliance Industries: Buy above 747 for targets of 749, 753, 758 SL 742
Reliance Industries: Sell below 738 for targets of 736, 732, 727 SL 745
Godrejind: Buy above 276 for targets of 279, 285 SL 269
RelInfra: Buy above 617 for targets of 623, 635 SL 604

SCORE SHEET
Jublfood: Buy above 1180 for targets of 1200, 1235 SL 1149: Target 1205 done
PFC: Buy above 186 for targets of 188, 191 SL 182: Target 194.35 done

POSITIONAL TRADE
PTC: Buy above 68 for target of 71 SL 65 (2-3 Days)
Escorts: Buy above 73 for target of 82 SL 71 (1 Week)

Thanks and Regards

S&P Wealth Creators

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