Market outlook for 07/02/2013

Nifty closed up 2.30 points (0.04%) at 5959.20 while Nifty Future closed at 5972.90, premium of 13.70 points.
Bank Nifty closed down 50.05 points (0.40%) at 12417.70 while Future closed at 12467.20, premium of 49.50 points.

• FII bought in Cash (Net buy 1137.96 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 385.37 Crore)
• DII sold in Cash (Net sell 1224.07 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 761:731.

NIFTY TECHNICAL

Current Spot: 5959.20
Pivot: 5968
5DEMA: 5985
10DEMA: 6005
20DEMA: 6006
50DEMA: 5946
RSI (14 days): 44.24
Parabolic SAR: 6093
Supports: 5945 - 5930 - 5907
Resistance: 5982 - 6006 - 6020

Nifty Future VIX Range: 5939 - 6007
Nifty Future VWAP: 5980.22
MP Values Nifty Future: VAH - 5987, POC - 5980, VAL - 5973

TARGET NIFTY
Buy Nifty Future above 5987 - 5995 - 6005 - 6020 SL - 5973
Sell Nifty Future below 5969 - 5960 - 5950 - 5935 SL - 5981

BANKNIFTY TECHNICAL

Current Spot: 12417.70
Pivot: 12447
5DEMA: 12526
10DEMA: 12586
20DEMA: 12608
50DEMA: 12441
RSI (14 days): 41.23
Parabolic SAR: 12928
Supports: 12368 - 12318 - 12239
Resistance: 12496 - 12575 - 12625

Bank Nifty Future VIX Range: 12373 - 12562
Bank Nifty Future VWAP: 12498.96
MP Values Bank Nifty Future: VAH - 12522, POC - 12492, VAL - 12462

TARGET BANKNIFTY
Buy BankNifty Future above 12495 - 12525 - 12580 - 12650 SL - 12462
Sell BankNifty Future below 12449 - 12425 - 12380 - 12305 SL - 12492

INTRADAY TRADE
Reliance Industries: Buy above 881 for targets of 886, 892 SL 874
Reliance Industries: Sell below 871 for targets of 867, 860 SL 879
Pfc: Buy above 222 for targets of 224, 228 SL 219
Canbk: Buy above 468 for targets of 471, 477 SL 463

SCORE SHEET
McDowell-N: Buy above 1900 for targets of 1920, 1950 SL 1882: Target 1922.70 done
Ambujacem: Buy above 203 for targets of 205, 209 SL 200: Target 206.85 done

POSITIONAL TRADE
Laopala: Buy above 320 for target of 345 SL 316 (2-3 Days)
Gujnrecoke: Buy above 21.5 for target of 24 SL 21 (1 Week)

Thanks and Regards

S&P Wealth Creators