Market outlook for 07/05/2012

Nifty closed down 101.55 points (1.96%) at 5086.85 while Nifty Future closed at 5097.95, premium of 11.10 points.
Bank Nifty closed down 324.20 points (3.20%) at 9802.35 while Future closed at 9793.90, discount of 8.45 points.

• FII bought in Cash (Net buy 427.92 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 454.04 Crore)
• DII sold in Cash (Net sell 280.11 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 250:1206.

NIFTY TECHNICAL

Current Spot: 5086.85
Pivot: 5112
5DEMA: 5172
10DEMA: 5198
20DEMA: 5225
50DEMA: 5273
RSI (14 days): 36.34
Parabolic SAR: 5298
Supports: 5046 - 5005 - 4939
Resistance: 5153 - 5218 - 5259
CAM Support: 5077 - 5067 - 5058 - 5028
CAM Resistance: 5097 - 5106 - 5116 - 5145
NF VIX Range: 5041 - 5155

Nifty Future VWAP: 5128.89
MP Values Nifty Future: VAH - 5148, POC - 5106, VAL - 5083

TARGET NIFTY
Buy Nifty Future above 5124 - 5156 - 5215 - 5255 SL - 5113
Sell Nifty Future below 5090 - 5062 - 5025 - 4965 SL - 5123

BANKNIFTY TECHNICAL

Current Spot: 9802.35
Pivot: 9876
5DEMA: 10075
10DEMA: 10160
20DEMA: 10226
50DEMA: 10294
RSI (14 days): 35.60
Parabolic SAR: 10422
Supports: 9684 - 9565 - 9373
Resistance: 9995 - 10187 - 10306
CAM Support: 9774 - 9745 - 9717 - 9631
CAM Resistance: 9831 - 9859 - 9888 - 9973
Bank Nifty VIX Range: 9641 - 9947

Bank Nifty Future VWAP: 9891.95
MP Values Bank Nifty Future: VAH - 9963, POC - 9825, VAL - 9763

TARGET BANKNIFTY
Buy BankNifty Future above 9905 - 10020 - 10260 - 10400 SL - 9866
Sell BankNifty Future below 9780 - 9670 - 9535 - 9310 SL - 9903

INTRADAY TRADE
Reliance Industries: Buy above 733 for targets of 735, 740, 747 SL 728
Reliance Industries: Sell below 724 for targets of 722, 717, 710 SL 731
Sobha: Buy above 327 for targets of 330, 336 SL 322
Cipla: Buy above 327 for targets of 330, 335 SL 324

SCORE SHEET
Raymond: Buy above 418 for targets of 422, 428 SL 412: Target 423.00 done
Coreedutec: Buy above 297 for targets of 300, 307 SL 293: Target 307.95 done

POSITIONAL TRADE
TataMotors: Buy above 304 for target of 313 SL 300 (2-3 Days)
Kpit: Buy above 105 for target of 115 SL 103 (1 Week)

Thanks and Regards

S&P Wealth Creators