Market outlook for 05/09/2012

Nifty closed up 20.25 points (0.39%) at 5274.00 while Nifty Future closed at 5299.40, premium of 25.40 points.
Bank Nifty closed up 57.65 points (0.58%) at 10020.65 while Future closed at 10088.05, premium of 67.40 points.

• FII bought in Cash (Net buy 304.41 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 350.36 Crore)
• DII sold in Cash (Net sell 105.60 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 846:604.

NIFTY TECHNICAL

Current Spot: 5274.00
Pivot: 5262
5DEMA: 5284
10DEMA: 5306
20DEMA: 5307
50DEMA: 5242
RSI (14 days): 47.55
Parabolic SAR: 5379
Supports: 5245 - 5217 - 5200
Resistance: 5291 - 5307 - 5336

Nifty Future VIX Range: 5262 - 5337
Nifty Future VWAP: 5282.77
MP Values Nifty Future: VAH - 5292, POC - 5271, VAL - 5259

TARGET NIFTY
Buy Nifty Future above 5303 - 5315 - 5330 - 5360 SL - 5285
Sell Nifty Future below 5282 - 5273 - 5245 - 5225 SL - 5293

BANKNIFTY TECHNICAL

Current Spot: 10020.65
Pivot: 9990
5DEMA: 10038
10DEMA: 10123
20DEMA: 10224
50DEMA: 10219
RSI (14 days): 38.78
Parabolic SAR: 10333
Supports: 9947 - 9874 - 9831
Resistance: 10063 - 10106 - 10180

Bank Nifty Future VIX Range: 9991 - 10185
Bank Nifty Future VWAP: 10040.34
MP Values Bank Nifty Future: VAH - 10063, POC - 10010, VAL - 9981

TARGET BANKNIFTY
Buy BankNifty Future above 10096 - 10125 - 10165 - 10240 SL - 10049
Sell BankNifty Future below 10045 - 10010 - 9980 - 9900 SL - 10067

INTRADAY TRADE
Reliance Industries: Buy above 782 for targets of 785, 790, 800 SL 773
Reliance Industries: Sell below 771 for targets of 768, 763, 753 SL 776
Zeel: Buy above 170 for targets of 172, 175 SL 166
Pfc: Buy above 162 for targets of 163.5, 165 SL 159

SCORE SHEET
Petronet: Buy above 158 for targets of 159.5, 162 SL 154.5: Target 159.50 done
Exideind: Buy above 139 for targets of 140, 142 SL 136: Target 144.45 done

POSITIONAL TRADE
Aban: Buy above 425 for target of 445 SL 412 (2-3 Days)
DishTv: Buy above 70.5 for target of 75 SL 68.5 (1 Week)

Thanks and Regards

S&P Wealth Creators