Monday, July 2, 2012

Market outlook for 03/07/2012

Nifty closed down 0.30 points (0.01%) at 5278.60 while Nifty Future closed at 5295.60, premium of 17.00 points.
Bank Nifty closed up 71.55 points (0.69%) at 10412.20 while Future closed at 10346.55, discount of 0.45 points.
  • FII bought in Cash (Net buy 591.06 Crore)
  • FII bought in index option but sold in index future, stock future (Net buy 193.83 Crore)
  • DII sold in Cash (Net sell 447.49 Crore)
  • Most Active Nifty Call Option: 5300 and 5400.
  • Most Active Nifty Put Options: 5300 and 5200.
  • Advance Decline for the day was 991:502.
NIFTY TECHNICAL
Current Spot: 5278.60
Pivot: 5281
5DEMA: 5215
10DEMA: 5172
20DEMA: 5120
50DEMA: 5099
RSI (14 days): 67.38
Parabolic SAR: 5161
Supports: 5261 - 5243 - 5222
Resistance: 5299 - 5320 - 5338
CAM Support: 5275 - 5271 - 5268 - 5257
CAM Resistance: 5282 - 5286 - 5289 - 5300
Nifty Future VIX Range: 5233 - 5358
Nifty Future VWAP: 5299.08
MP Values Nifty Future: VAH - 5306, POC - 5291, VAL - 5279

TARGET NIFTY
Buy Nifty Future above 5304 - 5318 - 5344 - 5365 SL - 52991
Sell Nifty Future below 5288 - 5277 - 5255 - 5230 SL - 5302

BANKNIFTY TECHNICAL
Current Spot: 10412.20
Pivot: 10389
5DEMA: 10206
10DEMA: 10093
20DEMA: 9969
50DEMA: 9902
RSI (14 days): 65.58
Parabolic SAR: 10009
Supports: 10327 - 10242 - 10180
Resistance: 10474 - 10535 - 10620
CAM Support: 10399 - 10385 - 10372 - 10332
CAM Resistance: 10426 - 10439 - 10453 - 10493
Bank Nifty Future VIX Range: 10236 - 10588
Bank Nifty Future VWAP: 10379.57
MP Values Bank Nifty Future: VAH - 10465, POC - 10419, VAL - 10357

TARGET BANKNIFTY
Buy BankNifty Future above 10420 - 10480 - 10550 - 10635 SL - 10387
Sell BankNifty Future below 10377 - 10324 - 10232 - 10160 SL - 10399

INTRADAY TRADE
Reliance Industries: Buy above 739 for targets of 741, 744, 750 SL 734
Reliance Industries: Sell below 732 for targets of 730, 727, 721 SL 738
Adanient: Buy above 237 for targets of 240, 245 SL 232
Educomp: Buy above 175.5 for targets of 177, 180 SL 173

SCORE SHEET
Ifci: Buy above 40.4 for targets of 40.9, 41.7 SL 39.6: Target 41.45 done
Jpassociat: Buy above 73.7 for targets of 74.5, 75.5 SL 73.2: Target 75.95 done

POSITIONAL TRADE
Pantaloonr: Buy above 194 for target of 205 SL 189 (2-3 Days)
Punjlloyd: Buy above 51.5 for target of 55 SL 50.6 (1 Week)

Thanks and Regards

S&P Wealth Creators

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