Market outlook for 06/09/2012

Nifty closed down 48.30 points (0.92%) at 5225.70 while Nifty Future closed at 5253.35, premium of 27.65 points.
Bank Nifty closed down 192.75 points (1.92%) at 9827.90 while Future closed at 9899.95, premium of 72.05 points.

• FII sold in Cash (Net sell 188.65 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 465.64 Crore)
• DII sold in Cash (Net sell 166.28 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 594:884.

NIFTY TECHNICAL

Current Spot: 5225.70
Pivot: 5234
5DEMA: 5265
10DEMA: 5291
20DEMA: 5299
50DEMA: 5242
RSI (14 days): 42.03
Parabolic SAR: 5360
Supports: 5208 - 5190 - 5164
Resistance: 5252 - 5277 - 5295

Nifty Future VIX Range: 5215 - 5291
Nifty Future VWAP: 5258.85
MP Values Nifty Future: VAH - 5263, POC - 5254, VAL - 5245

TARGET NIFTY
Buy Nifty Future above 5263 - 5275 - 5290 - 5310 SL - 5253
Sell Nifty Future below 5245 - 5235 - 5220 - 5200 SL - 5261

BANKNIFTY TECHNICAL

Current Spot: 9827.90
Pivot: 9873
5DEMA: 9968
10DEMA: 10070
20DEMA: 10186
50DEMA: 10211
RSI (14 days): 32.43
Parabolic SAR: 10250
Supports: 9769 - 9710 - 9607
Resistance: 9932 - 10035 - 10094

Bank Nifty Future VIX Range: 9797 - 10003
Bank Nifty Future VWAP: 9948.87
MP Values Bank Nifty Future: VAH - 9993, POC - 9940, VAL - 9887

TARGET BANKNIFTY
Buy BankNifty Future above 9954 - 10005 - 10115 - 10180 SL - 9935
Sell BankNifty Future below 9885 - 9840 - 9780 - 9665 SL - 9952

INTRADAY TRADE
Reliance Industries: Buy above 776 for targets of 778, 782, 790 SL 770
Reliance Industries: Sell below 768 for targets of 766, 762, 754 SL 774
Bhartiartl: Buy above 250 for targets of 252, 255 SL 246
Hindunilvr: Buy above 533 for targets of 536, 540 SL 529

SCORE SHEET
Zeel: Buy above 170 for targets of 172, 175 SL 166: Target 171.95 done
Pfc: Buy above 162 for targets of 163.5, 165 SL 159: Call not active

POSITIONAL TRADE
Crompgreav: Buy above 107 for target of 113 SL 106 (2-3 Days)
RsSoftware: Buy above 153 for target of 165 SL 148 (1 Week)

Thanks and Regards

S&P Wealth Creators