Market outlook for 08/06/2012

Nifty closed up 52.55 points (1.05%) at 5049.65 while Nifty Future closed at 5029.35, discount of 20.30 points.
Bank Nifty closed up 208.10 points (2.14%) at 9950.90 while Future closed at 9855.80, discount of 95.10 points.

• FII bought in Cash (Net buy 675.48 Crore)
• FII bought huge in index future, index option, stock future (Net buy 2054.91 Crore)
• DII sold in Cash (Net sell 33.74 Crore)
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 5000 and 4900.
• Advance Decline for the day was 827:580.

NIFTY TECHNICAL

Current Spot: 5049.65
Pivot: 5039
5DEMA: 4962
10DEMA: 4941
20DEMA: 4957
50DEMA: 5048
RSI (14 days): 56.21
Parabolic SAR: 4776
Supports: 5018 - 4987 - 4966
Resistance: 5070 - 5091 - 5122
CAM Support: 5045 - 5040 - 5035 - 5021
CAM Resistance: 5054 - 5059 - 5064 - 5078
Nifty Future VIX Range: 4969 - 5090

Nifty Future VWAP: 5012.68
MP Values Nifty Future: VAH - 5031, POC - 5015, VAL - 4999

TARGET NIFTY
Buy Nifty Future above 5033 - 5048 - 5070 - 5105 SL - 5013
Sell Nifty Future below 5008 - 4995 - 4965 - 4945 SL - 5019

BANKNIFTY TECHNICAL

Current Spot: 9950.90
Pivot: 9905
5DEMA: 9671
10DEMA: 9577
20DEMA: 9572
50DEMA: 9765
RSI (14 days): 59.71
Parabolic SAR: 9128
Supports: 9834 - 9718 - 9648
Resistance: 10021 - 10091 - 10208
CAM Support: 9934 - 9917 - 9900 - 9848
CAM Resistance: 9968 - 9985 - 10002 - 10054
Bank Nifty Future VIX Range: 9688 - 10023

Bank Nifty Future VWAP: 9773.60
MP Values Bank Nifty Future: VAH - 9810, POC - 9738, VAL - 9693

TARGET BANKNIFTY
Buy BankNifty Future above 9863 - 9910 - 9985 - 10100 SL - 9802
Sell BankNifty Future below 9792 - 9755 - 9645 - 9570 SL - 9817

INTRADAY TRADE
Reliance Industries: Buy above 727 for targets of 730, 736, 745 SL 721
Reliance Industries: Sell below 718 for targets of 715, 709, 700 SL 725
Relcapital: Buy above 340 for targets of 344, 351 SL 333
JswSteel: Buy above 652 for targets of 660, 672 SL 639

SCORE SHEET
Star: Buy above 740 for targets of 749, 762 SL 726: Target 748.80 done
Riil: Buy above 405 for targets of 410, 420 SL 399: Target 421.95 done

POSITIONAL TRADE
Pantaloonr: Buy above 167 for target of 176 SL 163 (2-3 Days)
Deltacorp: Buy above 67.5 for target of 75 SL 65 (1 Week)

Thanks and Regards

S&P Wealth Creators