Market outlook for 11/04/2012

Nifty closed up 9.20 points (0.18%) at 5243.60 while Nifty Future closed at 5266.15, premium of 22.55 points.
Bank Nifty closed up 64.45 points (0.64%) at 10196.05 while Future closed at 10235.45, premium of 39.40 points.

• FII sold in Cash (Net sell 328.67 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 439.05 Crore)
• DII sold in Cash (Net sell 190.18 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 629:779.

NIFTY TECHNICAL

Current Spot: 5243.60
Pivot: 5237
5DEMA: 5269
10DEMA: 5274
20DEMA: 5287
50DEMA: 5259
RSI (14 days): 46.99
Parabolic SAR: 5150
Supports: 5218 - 5193 - 5174
Resistance: 5262 - 5281 - 5306
CAM Support: 5240 - 5236 - 5232 - 5219
CAM Resistance: 5248 - 5252 - 5256 - 5268
NF VIX Range: 5195 - 5337

Nifty Future VWAP: 5251.84
MP Values Nifty Future: VAH - 5264, POC - 5252, VAL - 5240

TARGET NIFTY
Buy Nifty Future above 5270 - 5285 - 5305 - 5335 SL - 5254
Sell Nifty Future below 5249 - 5235 - 5210 - 5185 SL - 5259

BANKNIFTY TECHNICAL

Current Spot: 10196.05
Pivot: 10161
5DEMA: 10222
10DEMA: 10230
20DEMA: 10264
50DEMA: 10141
RSI (14 days): 48.63
Parabolic SAR: 9884
Supports: 10112 - 10028 - 9979
Resistance: 10245 - 10294 - 10378
CAM Support: 10184 - 10172 - 10160 - 10123
CAM Resistance: 10208 - 10220 - 10233 - 10269
Bank Nifty VIX Range: 10037 - 10434

Bank Nifty Future VWAP: 10163.56
MP Values Bank Nifty Future: VAH - 10208, POC - 10163, VAL - 10118

TARGET BANKNIFTY
Buy BankNifty Future above 10243 - 10290 - 10345 - 10450 SL - 10189
Sell BankNifty Future below 10175 - 10135 - 10035 - 9980 SL - 10219

INTRADAY TRADE
Reliance Industries: Buy above 745 for targets of 747, 750, 756 SL 741
Reliance Industries: Sell below 739 for targets of 737, 734, 728 SL 744
Rushil: Buy above 240 for targets of 243, 248 SL 233
Appaper: Buy above 225 for targets of 229, 235 SL 218

SCORE SHEET
Ambujacem: Buy above 170 for targets of 172, 175 SL 168: Target 171.70 done
Apollotyre: Buy above 84.70 for targets of 85.50, 87 SL 84.20: Target 85.60 done

POSITIONAL TRADE
Godrejind: Buy above 282 for target of 298 SL 273 (2-3 Days)
DenaBank: Buy above 95 for target of 103 SL 92 (1 Week)

Thanks and Regards

S&P Wealth Creators