Market outlook for 08/05/2012

Nifty closed up 27.30 points (0.54%) at 5114.15 while Nifty Future closed at 5125.95, premium of 11.80 points.
Bank Nifty closed up 74.00 points (0.75%) at 9876.35 while Future closed at 9872.35, discount of 4.00 points.

• FII sold in Cash (Net sell 630.81 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 435.11 Crore)
• DII bought in Cash (Net buy 273.77 Crore)
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5000 and 4900.
• Advance Decline for the day was 736:682.

NIFTY TECHNICAL

Current Spot: 5114.15
Pivot: 5076
5DEMA: 5153
10DEMA: 5183
20DEMA: 5215
50DEMA: 5265
RSI (14 days): 39.41
Parabolic SAR: 5280
Supports: 5027 - 4939 - 4890
Resistance: 5163 - 5212 - 5300
CAM Support: 5102 - 5089 - 5077 - 5039
CAM Resistance: 5127 - 5139 - 5152 - 5189
NF VIX Range: 5070 - 5182

Nifty Future VWAP: 5053.52
MP Values Nifty Future: VAH - 5077, POC - 5017, VAL - 5002

TARGET NIFTY
Buy Nifty Future above 5130 - 5174 - 5225 - 5285 SL - 5086
Sell Nifty Future below 5081 - 5041 - 4955 - 4905 SL - 5099

BANKNIFTY TECHNICAL

Current Spot: 9876.35
Pivot: 9756
5DEMA: 10009
10DEMA: 10108
20DEMA: 10193
50DEMA: 10282
RSI (14 days): 38.53
Parabolic SAR: 10347
Supports: 9601 - 9326 - 9171
Resistance: 10031 - 10186 - 10461
CAM Support: 9837 - 9797 - 9758 - 9640
CAM Resistance: 9916 - 9955 - 9995 - 10113
Bank Nifty VIX Range: 9721 - 10023

Bank Nifty Future VWAP: 9640.86
MP Values Bank Nifty Future: VAH - 9693, POC - 9565, VAL - 9473

TARGET BANKNIFTY
Buy BankNifty Future above 9880 - 10020 - 10170 - 10420 SL - 9745
Sell BankNifty Future below 9735 - 9600 - 9335 - 9180 SL - 9775

INTRADAY TRADE
Reliance Industries: Buy above 717 for targets of 721, 727, 737 SL 712
Reliance Industries: Sell below 711 for targets of 707, 701, 691 SL 716
TataMotors: Buy above 310 for targets of 314, 319 SL 304
Titan: Buy above 250 for targets of 253, 260 SL 244

SCORE SHEET
Sobha: Buy above 327 for targets of 330, 336 SL 322: Target 333.90 done
Cipla: Buy above 327 for targets of 330, 335 SL 324: Target 331.30 done

POSITIONAL TRADE
Pantaloonr: Buy above 166 for target of 178 SL 161 (2-3 Days)
RPower: Buy above 103 for target of 110 SL 99 (1 Week)

Thanks and Regards

S&P Wealth Creators