Market outlook for 04/04/2012

Nifty closed up 40.60 points (0.76%) at 5358.50 while Nifty Future closed at 5383.25, premium of 24.75 points.
Bank Nifty closed up 127.25 points (1.23%) at 10432.60 while Future closed at 10444.30, premium of 11.70 points.

• FII bought in Cash (Net buy 332.47 Crore)
• FII bought in index future, index option and stock future (Net buy 931.49 Crore)
• DII bought in Cash (Net bought 200.28 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 1009:457.

NIFTY TECHNICAL

Current Spot: 5358.50
Pivot: 5361
5DEMA: 5297
10DEMA: 5284
20DEMA: 5294
50DEMA: 5250
RSI (14 days): 54.42
Parabolic SAR: 5136
Supports: 5342 - 5326 - 5308
Resistance: 5377 - 5395 - 5411
CAM Support: 5355 - 5352 - 5349 - 5340
CAM Resistance: 5362 - 5365 - 5368 - 5377
NF VIX Range: 5308 - 5459

Nifty Future VWAP: 5383.78
MP Values Nifty Future: VAH - 5389, POC - 5382, VAL - 5375

TARGET NIFTY
Buy Nifty Future above 5388 - 5398 - 5415 - 5430 SL - 5379
Sell Nifty Future below 5375 - 5366 - 5353 - 5335 SL - 5387

BANKNIFTY TECHNICAL

Current Spot: 10432.60
Pivot: 10437
5DEMA: 10261
10DEMA: 10244
20DEMA: 10280
50DEMA: 10095
RSI (14 days): 53.83
Parabolic SAR: 9845
Supports: 10372 - 10310 - 10245
Resistance: 10498 - 10564 - 10625
CAM Support: 10421 - 10409 - 10398 - 10363
CAM Resistance: 10444 - 10456 - 10467 - 10502
Bank Nifty VIX Range: 10231 - 10658

Bank Nifty Future VWAP: 10459.53
MP Values Bank Nifty Future: VAH - 10486, POC - 10459, VAL - 10432

TARGET BANKNIFTY
Buy BankNifty Future above 10463 - 10500 - 10560 - 10615 SL - 10439
Sell BankNifty Future below 10429 - 10400 - 10350 - 10280 SL - 10461

INTRADAY TRADE
Reliance Industries: Buy above 757 for targets of 760, 765, 773 SL 751
Reliance Industries: Sell below 749 for targets of 746, 741, 733 SL 755
Pantaloonr: Buy above 168 for targets of 171, 176 SL 165
Adanient: Buy above 322 for targets of 327, 334 SL 315

SCORE SHEET
Godrejind: Buy above 276 for targets of 279, 285 SL 269: Call not active
RelInfra: Buy above 617 for targets of 623, 635 SL 604: Target 621.70 done

POSITIONAL TRADE
Jetairways: Buy above 344 for target of 355 SL 338 (2-3 Days)
HindOilExp: Buy above 124 for target of 132 SL 121 (1 Week)

Thanks and Regards

S&P Wealth Creators