Market outlook for 04/02/2013

Nifty closed down 35.85 points (0.59%) at 5998.90 while Nifty Future closed at 6036.10, premium of 37.20 points.
Bank Nifty closed down 102.35 points (0.81%) at 12606.25 while Future closed at 12684.95, premium of 78.70 points.

• FII bought in Cash (Net buy 763.28 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 934.26 Crore)
• DII sold in Cash (Net sell 1088.62 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 633:859.

NIFTY TECHNICAL

Current Spot: 5998.90
Pivot: 6012
5DEMA: 6032
10DEMA: 6037
20DEMA: 6019
50DEMA: 5941
RSI (14 days): 49.59
Parabolic SAR: 6112
Supports: 5970 - 5942 - 5901
Resistance: 6040 - 6081 - 6110

Nifty Future VIX Range: 6000 - 6072
Nifty Future VWAP: 6051.88
MP Values Nifty Future: VAH - 6055, POC - 6043, VAL - 6031

TARGET NIFTY
Buy Nifty Future above 6055 - 6070 - 6095 - 6115 SL - 6042
Sell Nifty Future below 6031 - 6020 - 6000 - 5970 SL - 6054

BANKNIFTY TECHNICAL

Current Spot: 12606.25
Pivot: 12643
5DEMA: 12680
10DEMA: 12683
20DEMA: 12655
50DEMA: 12430
RSI (14 days): 49.76
Parabolic SAR: 12536
Supports: 12544 - 12481 - 12381
Resistance: 12706 - 12806 - 12868

Bank Nifty Future VIX Range: 12585 - 12785
Bank Nifty Future VWAP: 12718.51
MP Values Bank Nifty Future: VAH - 12751, POC - 12698, VAL - 12655

TARGET BANKNIFTY
Buy BankNifty Future above 12725 - 12770 - 12850 - 12920 SL - 12695
Sell BankNifty Future below 12655 - 12625 - 12565 - 12480 SL - 12722

INTRADAY TRADE
Reliance Industries: Buy above 896 for targets of 905, 915 SL 890
Reliance Industries: Sell below 888 for targets of 880, 871 SL 895
Yesbank: Buy above 534 for targets of 538, 545 SL 528
Titan: Buy above 287 for targets of 289, 292 SL 284

SCORE SHEET
BankBaroda: Buy above 871 for targets of 879, 894 SL 857: Target 876.10 done
JetAirways: Buy above 625 for targets of 631, 640 SL 616: Target 643.00 done

POSITIONAL TRADE
Bslimited: Buy above 322 for target of 335 SL 315 (2-3 Days)
Jaicorpltd: Buy above 77.5 for target of 82 SL 75.5 (1 Week)

Thanks and Regards

S&P Wealth Creators