Market outlook for 05/10/2012

Nifty closed up 56.35 points (0.98%) at 5787.60 while Nifty Future closed at 5825.70, premium of 38.10 points.
Bank Nifty closed up 221.10 points (1.94%) at 11636.05 while Future closed at 11716.70, premium of 80.65 points.

• FII bought in Cash (Net buy 944.53 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 562.88 Crore)
• DII sold in Cash (Net sell 818.56 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 928:595.

NIFTY TECHNICAL

Current Spot: 5787.60
Pivot: 5782
5DEMA: 5729
10DEMA: 5678
20DEMA: 5591
50DEMA: 5457
RSI (14 days): 76.51
Parabolic SAR: 5700
Supports: 5757 - 5726 - 5701
Resistance: 5813 - 5838 - 5869

Nifty Future VIX Range: 5772 - 5879
Nifty Future VWAP: 5822.36
MP Values Nifty Future: VAH - 5838, POC - 5825, VAL - 5812

TARGET NIFTY
Buy Nifty Future above 5838 - 5850 - 5875 - 5910 SL - 5819
Sell Nifty Future below 5810 - 5795 - 5760 - 5735 SL - 5826

BANKNIFTY TECHNICAL

Current Spot: 11636.05
Pivot: 11594
5DEMA: 11477
10DEMA: 11319
20DEMA: 11028
50DEMA: 10700
RSI (14 days): 77.98
Parabolic SAR: 11356
Supports: 11502 - 11369 - 11277
Resistance: 11728 - 11819 - 11953

Bank Nifty Future VIX Range: 11546 - 11887
Bank Nifty Future VWAP: 11686.96
MP Values Bank Nifty Future: VAH - 11739, POC - 11683, VAL - 11607

TARGET BANKNIFTY
Buy BankNifty Future above 11739 - 11790 - 11865 - 11980 SL - 11683
Sell BankNifty Future below 11655 - 11595 - 11450 - 11385 SL - 11683

INTRADAY TRADE
Reliance Industries: Buy above 858 for targets of 860, 864, 870 SL 852
Reliance Industries: Sell below 849 for targets of 847, 843, 837 SL 856
Zeel: Buy above 205 for targets of 207, 212 SL 202
Omaxe: Buy above 167 for targets of 169, 174 SL 164

SCORE SHEET
Lovable: Buy above 390 for targets of 395, 405 SL 378: Target 398.90 done
Max: Buy above 235 for targets of 238, 245 SL 229: Target 243.00 done

POSITIONAL TRADE
Bhel: Buy above 267 for target of 277 SL 261 (2-3 Days)
Ibrealest: Buy above 64 for target of 68 SL 62 (1 Week)

Thanks and Regards

S&P Wealth Creators