Market outlook for 12/04/2012

Nifty closed down 16.75 points (0.32%) at 5226.85 while Nifty Future closed at 5251.35, premium of 24.50 points.
Bank Nifty closed up 18.20 points (0.18%) at 10214.25 while Future closed at 10266.45, premium of 52.20 points.

• FII sold in Cash (Net sell 445.77 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 729.51 Crore)
• DII sold in Cash (Net sell 82.24 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 546:883.

NIFTY TECHNICAL

Current Spot: 5226.85
Pivot: 5227
5DEMA: 5255
10DEMA: 5266
20DEMA: 5281
50DEMA: 5259
RSI (14 days): 45.94
Parabolic SAR: 5155
Supports: 5191 - 5154 - 5118
Resistance: 5263 - 5300 - 5336
CAM Support: 5220 - 5213 - 5207 - 5187
CAM Resistance: 5234 - 5240 - 5247 - 5267
NF VIX Range: 5182 - 5320

Nifty Future VWAP: 5243.73
MP Values Nifty Future: VAH - 5265, POC - 5241, VAL - 5217

TARGET NIFTY
Buy Nifty Future above 5255 - 5290 - 5335 - 5380 SL - 5243
Sell Nifty Future below 5241 - 5210 - 5165 - 5120 SL - 5253

BANKNIFTY TECHNICAL

Current Spot: 10214.25
Pivot: 10195
5DEMA: 10220
10DEMA: 10227
20DEMA: 10260
50DEMA: 10152
RSI (14 days): 49.06
Parabolic SAR: 9896
Supports: 10080 - 9946 - 9831
Resistance: 10329 - 10444 - 10578
CAM Support: 10191 - 10169 - 10146 - 10077
CAM Resistance: 10237 - 10260 - 10283 - 10351
Bank Nifty VIX Range: 10073 - 10460

Bank Nifty Future VWAP: 10224.54
MP Values Bank Nifty Future: VAH - 10333, POC - 10246, VAL - 10159

TARGET BANKNIFTY
Buy BankNifty Future above 10274 - 10390 - 10520 - 10650 SL - 10219
Sell BankNifty Future below 10214 - 10105 - 9935 - 9800 SL - 10249

INTRADAY TRADE
Reliance Industries: Buy above 736 for targets of 738, 741, 746 SL 730
Reliance Industries: Sell below 729 for targets of 727, 724, 719 SL 734
Finantech: Buy above 750 for targets of 760, 778 SL 737
Riil: Buy above 446 for targets of 452, 462 SL 440

SCORE SHEET
Rushil: Buy above 240 for targets of 243, 248 SL 233: Target 243.50 done
Appaper: Buy above 225 for targets of 229, 235 SL 218: Target 249.50 done

POSITIONAL TRADE
IvrclInfra: Buy above 71.5 for target of 75 SL 70 (2-3 Days)
KFA: Buy above 20 for target of 23 SL 19.5 (1 Week)

Thanks and Regards

S&P Wealth Creators