Market outlook for 04/06/2012

Nifty closed down 82.65 points (1.68%) at 4841.60 while Nifty Future closed at 4824.55, discount of 17.05 points.
Bank Nifty closed down 173.40 points (1.84%) at 9267.60 while Future closed at 9212.10, discount of 55.50 points.

• FII sold in Cash (Net sell 220.38 Crore)
• FII bought huge in index option, stock future but sold in index future (Net buy 1752.29 Crore)
• DII bought in Cash (Net buy 205.50 Crore)
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 4800 and 4700.
• Advance Decline for the day was 357:1078.

NIFTY TECHNICAL

Current Spot: 4841.60
Pivot: 4866
5DEMA: 4908
10DEMA: 4921
20DEMA: 4961
50DEMA: 5078
RSI (14 days): 35.44
Parabolic SAR: 5020
Supports: 4807 - 4773 - 4714
Resistance: 4900 - 4959 - 4994
CAM Support: 4833 - 4825 - 4816 - 4790
CAM Resistance: 4850 - 4859 - 4867 - 4893
NF VIX Range: 4771 - 4878

Nifty Future VWAP: 4859.44
MP Values Nifty Future: VAH - 4892, POC - 4861, VAL - 4830

TARGET NIFTY
Buy Nifty Future above 4855 - 4885 - 4945 - 4985 SL - 4839
Sell Nifty Future below 4817 - 4791 - 4760 - 4695 SL - 4854

BANKNIFTY TECHNICAL

Current Spot: 9267.60
Pivot: 9338
5DEMA: 9431
10DEMA: 9449
20DEMA: 9532
50DEMA: 9812
RSI (14 days): 39.00
Parabolic SAR: 9253
Supports: 9182 - 9097 - 8942
Resistance: 9423 - 9578 - 9664
CAM Support: 9246 - 9223 - 9201 - 9135
CAM Resistance: 9290 - 9312 - 9334 - 9400
Bank Nifty VIX Range: 9062 - 9362

Bank Nifty Future VWAP: 9313.20
MP Values Bank Nifty Future: VAH - 9385, POC - 9301, VAL - 9217

TARGET BANKNIFTY
Buy BankNifty Future above 9289 - 9368 - 9520 - 9615 SL - 9258
Sell BankNifty Future below 9198 - 9130 - 9040 - 8880 SL - 9287

INTRADAY TRADE
Reliance Industries: Buy above 694 for targets of 698, 706, 718 SL 689
Reliance Industries: Sell below 685 for targets of 681, 674, 662 SL 693
Itc: Buy above 235 for targets of 237, 242 SL 232
Mcdowell-n: Buy above 585 for targets of 590, 600 SL 578

SCORE SHEET
BankIndia: Buy above 344 for targets of 349, 356 SL 338: Call not active
SesaGoa: Buy above 188 for targets of 190, 194 SL 185: Call not active

POSITIONAL TRADE
Gail: Buy above 332 for target of 346 SL 329 (2-3 Days)
Kpit: Buy above 124 for target of 132 SL 122 (1 Week)

Thanks and Regards

S&P Wealth Creators