Market outlook for 02/05/2012

Nifty closed up 39.15 points (0.75%) at 5248.15 while Nifty Future closed at 5267.85, premium of 19.70 points.
Bank Nifty closed up 64.15 points (0.63%) at 10276.60 while Future closed at 10269.70, discount of 7.10 points.

• FII bought in Cash (Net buy 479.53 Crore)
• FII bought in index future, index option and stock future (Net buy 980.87 Crore)
• DII sold in Cash (Net sell 246.81 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 835:607.

NIFTY TECHNICAL

Current Spot: 5248.15
Pivot: 5237
5DEMA: 5222
10DEMA: 5229
20DEMA: 5245
50DEMA: 5263
RSI (14 days): 49.85
Parabolic SAR: 5334
Supports: 5212 - 5177 - 5152
Resistance: 5273 - 5298 - 5334
CAM Support: 5243 - 5237 - 5231 - 5215
CAM Resistance: 5254 - 5259 - 5265 - 5282
NF VIX Range: 5212 - 5324

Nifty Future VWAP: 5264.44
MP Values Nifty Future: VAH - 5273, POC - 5260, VAL - 5247

TARGET NIFTY
Buy Nifty Future above 5272 - 5293 - 5320 - 5355 SL - 5255
Sell Nifty Future below 5253 - 5236 - 5205 - 5175 SL - 5263

BANKNIFTY TECHNICAL

Current Spot: 10276.80
Pivot: 10282
5DEMA: 10229
10DEMA: 10255
20DEMA: 10282
50DEMA: 10260
RSI (14 days): 50.08
Parabolic SAR: 10522
Supports: 10204 - 10132 - 10054
Resistance: 10355 - 10433 - 10505
CAM Support: 10263 - 10249 - 10235 - 10194
CAM Resistance: 10291 - 10304 - 10318 - 10360
Bank Nifty VIX Range: 10123 - 10416

Bank Nifty Future VWAP: 10289.71
MP Values Bank Nifty Future: VAH - 10316, POC - 10275, VAL - 10234

TARGET BANKNIFTY
Buy BankNifty Future above 10291 - 10340 - 10415 - 10480 SL - 10268
Sell BankNifty Future below 10254 - 10212 - 10150 - 10080 SL - 10288

INTRADAY TRADE
Reliance Industries: Buy above 747 for targets of 749, 752, 758 SL 742
Reliance Industries: Sell below 740 for targets of 738, 735, 731 SL 745
IndiaBulls: Buy above 245 for targets of 248, 255 SL 240
Apollohosp: Buy above 634 for targets of 640, 651 SL 626

SCORE SHEET
IndiaBulls: Buy above 236 for targets of 239, 245 SL 232: Target 248.75 done
MindTree: Buy above 582 for targets of 588, 599 SL 573: Target 594.00 done

POSITIONAL TRADE
RPower: Buy above 107 for target of 111 SL 105 (2-3 Days)
Innoind: Buy above 123 for target of 132 SL 120 (1 Week)

Thanks and Regards

S&P Wealth Creators