Market outlook for 02/08/2012

Nifty closed up 11.50 points (0.22%) at 5240.50 while Nifty Future closed at 5256.30, premium of 15.80 points.
Bank Nifty closed up 35.80 points (0.34%) at 10419.90 while Future closed at 10465.55, premium of 45.65 points.

• FII bought in Cash (Net buy 441.45 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 833.81 Crore)
• DII sold in Cash (Net sell 172.97 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 966:507.

NIFTY TECHNICAL

Current Spot: 5240.50
Pivot: 5233
5DEMA: 5193
10DEMA: 5181
20DEMA: 5184
50DEMA: 5159
RSI (14 days): 55.73
Parabolic SAR: 5045
Supports: 5220 - 5199 - 5186
Resistance: 5254 - 5267 - 5287
Nifty Future VIX Range: 5201 - 5311

Nifty Future VWAP: 5249.25
MP Values Nifty Future: VAH - 5262, POC - 5252, VAL - 5242

TARGET NIFTY
Buy Nifty Future above 5260 - 5271 - 5285 - 5305 SL - 5244
Sell Nifty Future below 5243 - 5235 - 5215 - 5200 SL - 5253

BANKNIFTY TECHNICAL

Current Spot: 10419.90
Pivot: 10397
5DEMA: 10354
10DEMA: 10362
20DEMA: 10362
50DEMA: 10226
RSI (14 days): 53.28
Parabolic SAR: 10064
Supports: 10348 - 10276 - 10227
Resistance: 10469 - 10517 - 10589
Bank Nifty Future VIX Range: 10328 - 10603

Bank Nifty Future VWAP: 10446.19
MP Values Bank Nifty Future: VAH - 10497, POC - 10459, VAL - 10421

TARGET BANKNIFTY
Buy BankNifty Future above 10473 - 10520 - 10575 - 10650 SL - 10439
Sell BankNifty Future below 10435 - 10400 - 10325 - 10270 SL - 10456

INTRADAY TRADE
Reliance Industries: Buy above 749 for targets of 752, 756, 763 SL 744
Reliance Industries: Sell below 742 for targets of 740, 735, 730 SL 747
Pfc: Buy above 180 for targets of 182, 186 SL 177.50
Ambujacem: Buy above 186.5 for targets of 188, 190 SL 184

SCORE SHEET
Grasim: Buy above 2880 for targets of 2905, 2950 SL 2835: Target 2905 done
Zeel: Buy above 169 for targets of 171, 174 SL 166: SL Hit

POSITIONAL TRADE
Recltd: Buy above 201 for target of 210 SL 196 (2-3 Days)
Hercules: Buy above 141 for target of 155 SL 136 (1 Week)

Thanks and Regards

S&P Wealth Creators