Market outlook for 03/05/2012

Nifty closed down 9.00 points (0.17%) at 5239.15 while Nifty Future closed at 5246.95, premium of 7.80 points.
Bank Nifty closed up 29.80 points (0.29%) at 10306.60 while Future closed at 10270.95, discount of 35.65 points.

• FII bought in Cash (Net buy 237.47 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 148.10 Crore)
• DII bought in Cash (Net buy 71.12 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 646:780.

NIFTY TECHNICAL

Current Spot: 5239.15
Pivot: 5248
5DEMA: 5228
10DEMA: 5231
20DEMA: 5245
50DEMA: 5277
RSI (14 days): 48.71
Parabolic SAR: 5323
Supports: 5217 - 5195 - 5164
Resistance: 5270 - 5302 - 5324
CAM Support: 5234 - 5229 - 5225 - 5210
CAM Resistance: 5244 - 5249 - 5254 - 5268
NF VIX Range: 5192 - 5302

Nifty Future VWAP: 5271.39
MP Values Nifty Future: VAH - 5286, POC - 5267, VAL - 5248

TARGET NIFTY
Buy Nifty Future above 5266 - 5284 - 5320 - 5350 SL - 5254
Sell Nifty Future below 5239 - 5224 - 5200 - 5160 SL - 5264

BANKNIFTY TECHNICAL

Current Spot: 10306.60
Pivot: 10322
5DEMA: 10255
10DEMA: 10265
20DEMA: 10285
50DEMA: 10297
RSI (14 days): 51.00
Parabolic SAR: 10493
Supports: 10263 - 10219 - 10159
Resistance: 10366 - 10426 - 10470
CAM Support: 10297 - 10288 - 10278 - 10249
CAM Resistance: 10316 - 10326 - 10335 - 10364
Bank Nifty VIX Range: 10129 - 10413

Bank Nifty Future VWAP: 10321.14
MP Values Bank Nifty Future: VAH - 10346, POC - 10313, VAL - 10280

TARGET BANKNIFTY
Buy BankNifty Future above 10304 - 10345 - 10420 - 10475 SL - 10281
Sell BankNifty Future below 10256 - 10225 - 10170 - 10090 SL - 10301

INTRADAY TRADE
Reliance Industries: Buy above 749 for targets of 751, 755, 760 SL 743
Reliance Industries: Sell below 740 for targets of 738, 735, 730 SL 747
Dlf: Buy above 194 for targets of 195, 197 SL 191
Titan: Buy above 245 for targets of 247, 250 SL 243

SCORE SHEET
IndiaBulls: Buy above 245 for targets of 248, 255 SL 240: Target 247.10 done
Apollohosp: Buy above 634 for targets of 640, 651 SL 626: Target 640.05 done

POSITIONAL TRADE
Schneider: Buy above 93 for target of 96 SL 91.7 (2-3 Days)
OmaxAuto: Buy above 51.5 for target of 56 SL 49.5 (1 Week)

Thanks and Regards

S&P Wealth Creators