Market outlook for 05/06/2012

Nifty closed up 6.55 points (0.14%) at 4848.15 while Nifty Future closed at 4840.50, discount of 7.65 points.
Bank Nifty closed up 94.70 points (1.02%) at 9362.30 while Future closed at 9333.75, discount of 28.55 points.

• FII sold in Cash (Net sell 637.14 Crore)
• FII sold huge in index future, index option but bought in stock future (Net sell 677.52 Crore)
• DII bought in Cash (Net buy 446.23 Crore)
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 4800 and 4700.
• Advance Decline for the day was 601:824.

NIFTY TECHNICAL

Current Spot: 4848.15
Pivot: 4826
5DEMA: 4888
10DEMA: 4907
20DEMA: 4950
50DEMA: 5063
RSI (14 days): 36.44
Parabolic SAR: 5015
Supports: 4793 - 4738 - 4705
Resistance: 4881 - 4914 - 4969
CAM Support: 4840 - 4832 - 4824 - 4800
CAM Resistance: 4856 - 4864 - 4872 - 4897
Nifty Future VIX Range: 4788 - 4893

Nifty Future VWAP: 4798.39
MP Values Nifty Future: VAH - 4812, POC - 4785, VAL - 4761

TARGET NIFTY
Buy Nifty Future above 4844 - 4870 - 4905 - 4960 SL - 4815
Sell Nifty Future below 4810 - 4790 - 4730 - 4700 SL - 4824

BANKNIFTY TECHNICAL

Current Spot: 9362.30
Pivot: 9293
5DEMA: 9408
10DEMA: 9433
20DEMA: 9515
50DEMA: 9773
RSI (14 days): 42.73
Parabolic SAR: 9783
Supports: 9180 - 8997 - 8884
Resistance: 9476 - 9589 - 9771
CAM Support: 9335 - 9308 - 9281 - 9200
CAM Resistance: 9389 - 9417 - 9444 - 9525
Bank Nifty Future VIX Range: 9183 - 9484

Bank Nifty Future VWAP: 9182.85
MP Values Bank Nifty Future: VAH - 9267, POC - 9135, VAL - 9047

TARGET BANKNIFTY
Buy BankNifty Future above 9341 - 9445 - 9560 - 9770 SL - 9245
Sell BankNifty Future below 9236 - 9135 - 8930 - 8810 SL - 9284

INTRADAY TRADE
Reliance Industries: Buy above 694 for targets of 698, 706, 718 SL 686
Reliance Industries: Sell below 684 for targets of 680, 674, 662 SL 689
TataMotors: Buy above 230 for targets of 233, 238 SL 225
Pantaloonr: Buy above 150 for targets of 153, 158 SL 145

SCORE SHEET
Itc: Buy above 235 for targets of 237, 242 SL 232: Call not active
Mcdowell-n: Buy above 585 for targets of 590, 600 SL 578: Target 594.55 done

POSITIONAL TRADE
HindPetro: Buy above 312 for target of 326 SL 305 (2-3 Days)
Goenka: Buy above 142 for target of 152 SL 138 (1 Week)

Thanks and Regards

S&P Wealth Creators