Market outlook for 01/10/2012

Nifty closed up 53.80 points (0.95%) at 5703.30 while Nifty Future closed at 5729.55, premium of 26.25 points.
Bank Nifty closed up 37.35 points (0.33%) at 11456.80 while Future closed at 11513.75, premium of 56.95 points.

• FII bought in Cash (Net buy 1230.35 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 948.96 Crore)
• DII sold in Cash (Net sell 679.06 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 925:595.

NIFTY TECHNICAL

Current Spot: 5703.30
Pivot: 5707
5DEMA: 5666
10DEMA: 5618
20DEMA: 5535
50DEMA: 5418
RSI (14 days): 72.05
Parabolic SAR: 5637
Supports: 5679 - 5656 - 5628
Resistance: 5731 - 5759 - 5783

Nifty Future VIX Range: 5675 - 5785
Nifty Future VWAP: 5740.42
MP Values Nifty Future: VAH - 5752, POC - 5739, VAL - 5726

TARGET NIFTY
Buy Nifty Future above 5740 - 5755 - 5780 - 5805 SL - 5726
Sell Nifty Future below 5724 - 5710 - 5685 - 5655 SL - 5739

BANKNIFTY TECHNICAL

Current Spot: 11456.80
Pivot: 11477
5DEMA: 11374
10DEMA: 11166
20DEMA: 10864
50DEMA: 10583
RSI (14 days): 76.43
Parabolic SAR: 11125
Supports: 11418 - 11378 - 11319
Resistance: 11516 - 11576 - 11615

Bank Nifty Future VIX Range: 11340 - 11687
Bank Nifty Future VWAP: 11542.48
MP Values Bank Nifty Future: VAH - 11583, POC - 11549, VAL - 11515

TARGET BANKNIFTY
Buy BankNifty Future above 11550 - 11580 - 11635 - 11690 SL - 11515
Sell BankNifty Future below 11505 - 11470 - 11420 - 11350 SL - 11549

INTRADAY TRADE
Reliance Industries: Buy above 844 for targets of 847, 852, 860 SL 838
Reliance Industries: Sell below 834 for targets of 831, 826, 818 SL 842
Gujratgas: Buy above 345 for targets of 349, 355 SL 339
Max: Buy above 226 for targets of 229, 235 SL 222

SCORE SHEET
Ultracemco: Buy above 1960 for targets of 1980, 2015 SL 1937: Target 2009.70 done
Suntv: Buy above 340 for targets of 344, 351 SL 335: Target 361.80 done

POSITIONAL TRADE
Tubeinvest: Buy above 174 for target of 179 SL 171.5 (2-3 Days)
TataGlobal: Buy above 144 for target of 155 SL 138 (1 Week)

Thanks and Regards

S&P Wealth Creators