Market outlook for 04/10/2012

Nifty closed up 12.45 points (0.22%) at 5731.25 while Nifty Future closed at 5768.25, premium of 37.00 points.
Bank Nifty closed down 5.50 points (0.05%) at 11414.95 while Future closed at 11485.20, premium of 70.25 points.

• FII bought in Cash (Net buy 602.39 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1140.71 Crore)
• DII sold in Cash (Net sell 668.14 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 934:595.

NIFTY TECHNICAL

Current Spot: 5731.25
Pivot: 5730
5DEMA: 5699
10DEMA: 5654
20DEMA: 5570
50DEMA: 5443
RSI (14 days): 73.56
Parabolic SAR: 5674
Supports: 5717 - 5703 - 5690
Resistance: 5744 - 5758 - 5772

Nifty Future VIX Range: 5716 - 5821
Nifty Future VWAP: 5757.55
MP Values Nifty Future: VAH - 5764, POC - 5756, VAL - 5748

TARGET NIFTY
Buy Nifty Future above 5773 - 5780 - 5795 - 5810 SL - 5756
Sell Nifty Future below 5754 - 5745 - 5730 - 5715 SL - 5764

BANKNIFTY TECHNICAL

Current Spot: 11414.95
Pivot: 11416
5DEMA: 11398
10DEMA: 11249
20DEMA: 10964
50DEMA: 10657
RSI (14 days): 74.00
Parabolic SAR: 11273
Supports: 11360 - 11306 - 11250
Resistance: 11471 - 11526 - 11581

Bank Nifty Future VIX Range: 11322 - 11648
Bank Nifty Future VWAP: 11471.11
MP Values Bank Nifty Future: VAH - 11506, POC - 11473, VAL - 11440

TARGET BANKNIFTY
Buy BankNifty Future above 11506 - 11545 - 11605 - 11680 SL - 11473
Sell BankNifty Future below 11465 - 11420 - 11350 - 11285 SL - 11490

INTRADAY TRADE
Reliance Industries: Buy above 848 for targets of 853, 860, 872 SL 842
Reliance Industries: Sell below 841 for targets of 837, 830, 819 SL 847
Lovable: Buy above 390 for targets of 395, 405 SL 378
Max: Buy above 235 for targets of 238, 245 SL 229

SCORE SHEET
Biocon: Buy above 285 for targets of 288, 291 SL 281: Target 289.75 done
Mphasis: Buy above 415 for targets of 420, 426 SL 410: Target 423.50 done

POSITIONAL TRADE
Anantraj: Buy above 85 for target of 92 SL 80 (2-3 Days)
Ivrclinfra: Buy above 51 for target of 54 SL 50 (1 Week)

Thanks and Regards

S&P Wealth Creators