Market outlook for 06/02/2013

Nifty closed down 30.35 points (0.51%) at 5956.90 while Nifty Future closed at 5974.45, premium of 17.55 points.
Bank Nifty closed down 80.60 points (0.64%) at 12467.75 while Future closed at 12523.40, premium of 55.65 points.

• FII bought in Cash (Net buy 489.27 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 795.01 Crore)
• DII sold in Cash (Net sell 938.92 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 432:1074.

NIFTY TECHNICAL

Current Spot: 5956.90
Pivot: 5958
5DEMA: 5997
10DEMA: 6015
20DEMA: 6011
50DEMA: 5944
RSI (14 days): 43.96
Parabolic SAR: 6103
Supports: 5946 - 5935 - 5922
Resistance: 5969 - 5982 - 5993

Nifty Future VIX Range: 5939 - 6010
Nifty Future VWAP: 5976.73
MP Values Nifty Future: VAH - 5984, POC - 5977, VAL - 5970

TARGET NIFTY
Buy Nifty Future above 5984 - 5990 - 6005 - 6020 SL - 5974
Sell Nifty Future below 5969 - 5962 - 5950 - 5935 SL - 5980

BANKNIFTY TECHNICAL

Current Spot: 12467.75
Pivot: 12461
5DEMA: 12580
10DEMA: 12624
20DEMA: 12628
50DEMA: 12437
RSI (14 days): 43.42
Parabolic SAR: 12950
Supports: 12421 - 12375 - 12335
Resistance: 12508 - 12548 - 12594

Bank Nifty Future VIX Range: 12427 - 12620
Bank Nifty Future VWAP: 12515.41
MP Values Bank Nifty Future: VAH - 12538, POC - 12515, VAL - 12492

TARGET BANKNIFTY
Buy BankNifty Future above 12538 - 12565 - 12600 - 12650 SL - 12510
Sell BankNifty Future below 12492 - 12475 - 12430 - 12385 SL - 12530

INTRADAY TRADE
Reliance Industries: Buy above 882 for targets of 887, 893 SL 876
Reliance Industries: Sell below 871 for targets of 867, 859 SL 880
McDowell-N: Buy above 1900 for targets of 1920, 1950 SL 1882
Ambujacem: Buy above 203 for targets of 205, 209 SL 200

SCORE SHEET
Prestige: Buy above 189 for targets of 191, 194 SL 186: Target 193.00 done
Recltd: Buy above 250 for targets of 253, 258 SL 245: Target 254.65 done

POSITIONAL TRADE
Bergerpaint: Buy above 193 for target of 201 SL 189 (2-3 Days)
Uniphos: Buy above 130 for target of 140 SL 127 (1 Week)

Thanks and Regards

S&P Wealth Creators