Market outlook for 03/09/2012

Nifty closed down 56.55 points (1.06%) at 5258.50 while Nifty Future closed at 5291.65, premium of 33.15 points.
Bank Nifty closed down 94.70 points (0.94%) at 9990.50 while Future closed at 10070.70, premium of 80.20 points.

• FII sold yes sold in Cash (Net sell 211.08 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 151.98 Crore)
• DII sold in Cash (Net sell 56.55 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 634:833.

NIFTY TECHNICAL

Current Spot: 5258.50
Pivot: 5267
5DEMA: 5307
10DEMA: 5326
20DEMA: 5316
50DEMA: 5239
RSI (14 days): 45.17
Parabolic SAR: 5413
Supports: 5231 - 5203 - 5166
Resistance: 5295 - 5331 - 5359

Nifty Future VIX Range: 5252 - 5331
Nifty Future VWAP: 5299.51
MP Values Nifty Future: VAH - 5308, POC - 5288, VAL - 5269

TARGET NIFTY
Buy Nifty Future above 5300 - 5321 - 5350 - 5380 SL - 5288
Sell Nifty Future below 5284 - 5267 - 5240 - 5210 SL - 5299

BANKNIFTY TECHNICAL

Current Spot: 9990.50
Pivot: 10023
5DEMA: 10088
10DEMA: 10187
20DEMA: 10275
50DEMA: 10230
RSI (14 days): 36.23
Parabolic SAR: 10464
Supports: 9916 - 9841 - 9734
Resistance: 10098 - 10206 - 10280

Bank Nifty Future VIX Range: 9969 - 10172
Bank Nifty Future VWAP: 10097.51
MP Values Bank Nifty Future: VAH - 10127, POC - 10080, VAL - 10033

TARGET BANKNIFTY
Buy BankNifty Future above 10102 - 10160 - 10250 - 10320 SL - 10079
Sell BankNifty Future below 10056 - 10010 - 9940 - 9845 SL - 10100

INTRADAY TRADE
Reliance Industries: Buy above 775 for targets of 778, 785, 795 SL 769
Reliance Industries: Sell below 763 for targets of 760, 763, 753 SL 773
Cipla: Buy above 377 for targets of 380, 385 SL 372
Hdfc: Buy above 736 for targets of 740, 750 SL 729

SCORE SHEET
Jubilant: Buy above 189 for targets of 191, 195 SL 185: Target 201.70 done
Granules: Buy above 168 for targets of 170, 175 SL 165: Target 179.90 done

POSITIONAL TRADE
Tatachem: Buy above 305.20 for target of 315 SL 299.50 (2-3 Days)
Escorts: Buy above 61.60 for target of 64.80 SL 59.90 (1 Week)

Thanks and Regards

S&P Wealth Creators