Market outlook for 10/04/2012

Nifty closed down 88.50 points (1.66%) at 5234.40 while Nifty Future closed at 5253.00, premium of 18.60 points.
Bank Nifty closed down 208.50 points (2.02%) at 10131.60 while Future closed at 10158.25, premium of 26.65 points.

• FII sold in Cash (Net sell 269.43 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 1084.08 Crore)
• DII sold in Cash (Net sell 105.82 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 474:981.

NIFTY TECHNICAL

Current Spot: 5234.40
Pivot: 5250
5DEMA: 5282
10DEMA: 5281
20DEMA: 5291
50DEMA: 5250
RSI (14 days): 46.52
Parabolic SAR: 5146
Supports: 5212 - 5190 - 5152
Resistance: 5272 - 5310 - 5332
CAM Support: 5229 - 5223 - 5218 - 5201
CAM Resistance: 5240 - 5245 - 5251 - 5267
NF VIX Range: 5180 - 5326

Nifty Future VWAP: 5271.79
MP Values Nifty Future: VAH - 5286, POC - 5271, VAL - 5256

TARGET NIFTY
Buy Nifty Future above 5271 - 5286 - 5320 - 5345 SL - 5259
Sell Nifty Future below 5245 - 5234 - 5215 - 5177 SL - 5269

BANKNIFTY TECHNICAL

Current Spot: 10131.60
Pivot: 10167
5DEMA: 10235
10DEMA: 10238
20DEMA: 10271
50DEMA: 10116
RSI (14 days): 47.24
Parabolic SAR: 9871
Supports: 10078 - 10024 - 9935
Resistance: 10221 - 10310 - 10364
CAM Support: 10119 - 10105 - 10092 - 10053
CAM Resistance: 10145 - 10158 - 10171 - 10210
Bank Nifty VIX Range: 9956 - 10360

Bank Nifty Future VWAP: 10194.91
MP Values Bank Nifty Future: VAH - 10233, POC - 10192, VAL - 10151

TARGET BANKNIFTY
Buy BankNifty Future above 10221 - 10280 - 10400 - 10480 SL - 10199
Sell BankNifty Future below 10143 - 10095 - 10020 - 9890 SL - 10219

INTRADAY TRADE
Reliance Industries: Buy above 744 for targets of 747, 752, 760 SL 740
Reliance Industries: Sell below 738 for targets of 735, 730, 722 SL 743
Ambujacem: Buy above 170 for targets of 172, 175 SL 168
Apollotyre: Buy above 84.70 for targets of 85.50, 87 SL 84.20

SCORE SHEET
Bajajfinsv: Buy above 710 for targets of 720, 738 SL 696: Target 722.70 done
Max: Buy above 176 for targets of 178, 182 SL 173.50: Target 181.65 done

POSITIONAL TRADE
Bajaj-Auto: Buy above 1651 for target of 1700 SL 1622 (2-3 Days)
Mcdowell-N: Buy above 725 for target of 790 SL 702 (1 Week)

Thanks and Regards

S&P Wealth Creators