Market outlook for 01/06/2012

Nifty closed down 26.50 points (0.54%) at 4924.25 while Nifty Future closed at 4921.60, discount of 2.65 points.
Bank Nifty closed down 93.05 points (0.98%) at 9441.00 while Future closed at 9413.50, discount of 27.50 points.

• FII sold huge in Cash (Net sell 665.76 Crore)
• FII sold huge in index future but bought in stock future, index option (Net sell 414.57 Crore)
• DII sold in Cash (Net sell 266.38 Crore)
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 4900 and 4800.
• Advance Decline for the day was 626:822.

NIFTY TECHNICAL

Current Spot: 4924.25
Pivot: 4919
5DEMA: 4941
10DEMA: 4938
20DEMA: 4973
50DEMA: 5088
RSI (14 days): 41.55
Parabolic SAR: 4859
Supports: 4889 - 4853 - 4823
Resistance: 4954 - 4985 - 5020
CAM Support: 4918 - 4912 - 4906 - 4888
CAM Resistance: 4930 - 4936 - 4942 - 4960
NF VIX Range: 4871 - 4972
Nifty Future VWAP: 4906.93
MP Values Nifty Future: VAH - 4920, POC - 4908, VAL - 4896

TARGET NIFTY
Buy Nifty Future above 4920 - 4933 - 4952 - 4979 SL - 4905
Sell Nifty Future below 4900 - 4891 - 4864 - 4845 SL - 4914

BANKNIFTY TECHNICAL

Current Spot: 9441.00
Pivot: 9427
5DEMA: 9513
10DEMA: 9490
20DEMA: 9559
50DEMA: 9834
RSI (14 days): 43.53
Parabolic SAR: 9233
Supports: 9374 - 9308 - 9255
Resistance: 9494 - 9546 - 9613
CAM Support: 9430 - 9419 - 9408 - 9375
CAM Resistance: 9452 - 9463 - 9474 - 9507
Bank Nifty VIX Range: 9266 - 9561
Bank Nifty Future VWAP: 9378.11
MP Values Bank Nifty Future: VAH - 9411, POC - 9369, VAL - 9327

TARGET BANKNIFTY
Buy BankNifty Future above 9446 - 9550 - 9665 - 9860 SL - 9380
Sell BankNifty Future below 9350 - 9255 - 9060 - 8940 SL - 9374

INTRADAY TRADE
Reliance Industries: Buy above 709 for targets of 712, 716, 725 SL 704
Reliance Industries: Sell below 702 for targets of 698, 694, 686 SL 707
BankIndia: Buy above 344 for targets of 349, 356 SL 338
SesaGoa: Buy above 188 for targets of 190, 194 SL 185

SCORE SHEET
Indiabulls: Buy above 234 for targets of 237, 244 SL 231: Call not active
Dredgecorp: Buy above 255 for targets of 258, 263 SL 251: Target 260.50 done

POSITIONAL TRADE
VGuard: Buy above 218 for target of 227 SL 213 (2-3 Days)
KotakBank: Buy above 564 for target of 600 SL 555 (1 Week)

Thanks and Regards

S&P Wealth Creators