Thursday, May 10, 2012

Market outlook for 11/05/2012

Nifty closed down 9.10 points (0.18%) at 4965.70 while Nifty Future closed at 4966.80, premium of 1.10 points.
Bank Nifty closed up 6.10 points (0.06%) at 9410.90 while Future closed at 9354.80, discount of 56.10 points.
  • FII bought in Cash (Net buy 317.42 Crore)
  • FII sold in index future, index option but bought in stock future (Net sell 226.86 Crore)
  • DII sold in Cash (Net sell 143.53 Crore)
  • Most Active Nifty Call Option: 5000 and 5100.
  • Most Active Nifty Put Options: 5000 and 4900.
  • Advance Decline for the day was 598:838.
NIFTY TECHNICAL
Current Spot: 4965.70
Pivot: 4985
5DEMA: 5028
10DEMA: 5090
20DEMA: 5154
50DEMA: 5236
RSI (14 days): 30.68
Parabolic SAR: 5193
Supports: 4931 - 4896 - 4842
Resistance: 5020 - 5074 - 5109
CAM Support: 4958 - 4949 - 4941 - 4917
CAM Resistance: 4974 - 4982 - 4990 - 5015
NF VIX Range: 4910 - 5023
Nifty Future VWAP: 4998.24
MP Values Nifty Future: VAH - 5017, POC - 4973, VAL - 4947

TARGET NIFTY
Buy Nifty Future above 4990 - 5020 - 5075 - 5120 SL - 4973
Sell Nifty Future below 4959 - 4930 - 4900 - 4845 SL - 4989

BANKNIFTY TECHNICAL
Current Spot: 9410.90
Pivot: 9451
5DEMA: 9613
10DEMA: 9814
20DEMA: 10003
50DEMA: 10199
RSI (14 days): 29.32
Parabolic SAR: 10188
Supports: 9322 - 9233 - 9104
Resistance: 9540 - 9669 - 9758
CAM Support: 9391 - 9371 - 9351 - 9291
CAM Resistance: 9431 - 9451 - 9471 - 9561
Bank Nifty VIX Range: 9201 - 9509
Bank Nifty Future VWAP: 9427.52
MP Values Bank Nifty Future: VAH - 9473, POC - 9390, VAL - 9311

TARGET BANKNIFTY
Buy BankNifty Future above 9410 - 9490 - 9630 - 9725 SL - 9373
Sell BankNifty Future below 9341 - 9270 - 9175 - 9035 SL - 9408

INTRADAY TRADE
Reliance Industries: Buy above 701 for targets of 704, 709, 718 SL 696
Reliance Industries: Sell below 692 for targets of 689, 684, 673 SL 699
Cairn: Buy above 321 for targets of 324, 330 SL 317
AxisBank: Buy above 985 for targets of 993, 1008 SL 977

SCORE SHEET
ITC: Buy above 241 for targets of 244, 249 SL 235: High 243.40 made
Mcleodruss: Buy above 274 for targets of 277, 282 SL 269: Target 276.10 done

POSITIONAL TRADE
Bpcl: Buy above 707 for target of 720 SL 697 (2-3 Days)
Idfc: Buy above 119 for target of 127 SL 115 (1 Week)

Thanks and Regards

S&P Wealth Creators

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