Market outlook for 03/08/2012

Nifty closed down 12.75 points (0.24%) at 5227.75 while Nifty Future closed at 5246.70, premium of 18.95 points.
Bank Nifty closed down 40.30 points (0.39%) at 10379.60 while Future closed at 10428.70, premium of 49.10 points.

• FII bought in Cash (Net buy 140.13 Crore)
• FII bought in index option, but sold in index future, stock future (Net buy 1106.15 Crore)
• DII sold in Cash (Net sell 66.48 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 814:641.

NIFTY TECHNICAL

Current Spot: 5227.75
Pivot: 5225
5DEMA: 5204
10DEMA: 5190
20DEMA: 5188
50DEMA: 5162
RSI (14 days): 54.37
Parabolic SAR: 5057
Supports: 5213 - 5198 - 5186
Resistance: 5240 - 5252 - 5267
Nifty Future VIX Range: 5193 - 5300

Nifty Future VWAP: 5238.45
MP Values Nifty Future: VAH - 5245, POC - 5238, VAL - 5231

TARGET NIFTY
Buy Nifty Future above 5251 - 5260 - 5270 - 5285 SL - 5235
Sell Nifty Future below 5234 - 5225 - 5215 - 5200 SL - 5245

BANKNIFTY TECHNICAL

Current Spot: 10379.60
Pivot: 10369
5DEMA: 10362
10DEMA: 10366
20DEMA: 10364
50DEMA: 10232
RSI (14 days): 51.54
Parabolic SAR: 10072
Supports: 10321 - 10263 - 10214
Resistance: 10428 - 10476 - 10534
Bank Nifty Future VIX Range: 10296 - 10562

Bank Nifty Future VWAP: 10404.98
MP Values Bank Nifty Future: VAH - 10432, POC - 10410, VAL - 10388

TARGET BANKNIFTY
Buy BankNifty Future above 10437 - 10470 - 10520 - 10580 SL - 10409
Sell BankNifty Future below 10398 - 10370 - 10315 - 10260 SL - 10429

INTRADAY TRADE
Reliance Industries: Buy above 743 for targets of 745, 749, 755 SL 738
Reliance Industries: Sell below 737 for targets of 735, 731, 725 SL 743
Ntpc: Buy above 164 for targets of 165.7, 168 SL 161.50
Cumminsind: Buy above 468 for targets of 473, 481 SL 463

SCORE SHEET
Pfc: Buy above 180 for targets of 182, 186 SL 177.50: Target 182.4 done
Ambujacem: Buy above 186.5 for targets of 188, 190 SL 184: Call not Active

POSITIONAL TRADE
Ivrclinfra: Buy above 46 for target of 49 SL 45 (2-3 Days)
Voltas: Buy above 107.3 for target of 116 SL 105 (1 Week)

Thanks and Regards

S&P Wealth Creators