Sunday, April 8, 2012

Market outlook for 09/04/2012

Nifty closed down 35.60 points (0.66%) at 5322.90 while Nifty Future closed at 5344.55, premium of 21.65 points.
Bank Nifty closed down 92.50 points (0.89%) at 10340.10 while Future closed at 10364.25, premium of 24.15 points.
  • FII bought in Cash (Net buy 45.82 Crore)
  • FII bought in index option but sold in index future, stock future (Net buy 123.36 Crore)
  • DII bought in Cash (Net buy 126.70 Crore)
  • Most Active Nifty Call Option: 5400 and 5500.
  • Most Active Nifty Put Options: 5300 and 5200.
  • Advance Decline for the day was 676:757.
NIFTY TECHNICAL
Current Spot: 5322.90
Pivot: 5322
5DEMA: 5306
10DEMA: 5291
20DEMA: 5297
50DEMA: 5251
RSI (14 days): 52.12
Parabolic SAR: 5141
Supports: 5306 - 5289 - 5273
Resistance: 5339 - 5355 - 5372
CAM Support: 5320 - 5317 - 5314 - 5305
CAM Resistance: 5326 - 5329 - 5332 - 5341
NF VIX Range: 5271 - 5418
Nifty Future VWAP: 5342.08
MP Values Nifty Future: VAH - 5355, POC - 5346, VAL - 5337

TARGET NIFTY
Buy Nifty Future above 5349 - 5360 - 5475 - 5395 SL - 5339
Sell Nifty Future below 5335 - 5325 - 5310 - 5290 SL - 5346

BANKNIFTY TECHNICAL
Current Spot: 10340.10
Pivot: 10327
5DEMA: 10287
10DEMA: 10261
20DEMA: 10286
50DEMA: 10113
RSI (14 days): 51.80
Parabolic SAR: 9859
Supports: 10281 - 10223 - 10178
Resistance: 10385 - 10431 - 10489
CAM Support: 10331 - 10321 - 10312 - 10283
CAM Resistance: 10350 - 10359 - 10369 - 10397
Bank Nifty VIX Range: 10158 - 10570
Bank Nifty Future VWAP: 10342.30
MP Values Bank Nifty Future: VAH - 10371, POC - 10345, VAL - 10319

TARGET BANKNIFTY
Buy BankNifty Future above 10372 - 10410 - 10460 - 10525 SL - 10339
Sell BankNifty Future below 10333 - 10300 - 10235 - 10185 SL - 10361

INTRADAY TRADE
Reliance Industries: Buy above 753 for targets of 756, 761, 769 SL 747
Reliance Industries: Sell below 744 for targets of 741, 736, 728 SL 751
Bajajfinsv: Buy above 710 for targets of 720, 738 SL 696
Max: Buy above 176 for targets of 178, 182 SL 173.50

SCORE SHEET
Pantaloonr: Buy above 168 for targets of 171, 176 SL 165: Target 174.50 done
Adanient: Buy above 322 for targets of 327, 334 SL 315: SL Hit

POSITIONAL TRADE
FCH: Buy above 134 for target of 140 SL 132 (2-3 Days)
IvrclInfra: Buy above 71.5 for target of 77 SL 70 (1 Week)

Thanks and Regards

S&P Wealth Creators

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