Market outlook for 01/04/2013

Nifty closed up 40.95 points (0.73%) at 5682.55 while Nifty Future closed at 5714.25, premium of 31.70 points.
Bank Nifty closed up 198.40 points (1.78%) at 11361.85 while Future closed at 11422.00, premium of 60.15 points.

• FII bought in Cash (Net buy 573.87 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 724.09 Crore)
• DII sold in Cash (Net sell 346.12 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 908:567.

NIFTY TECHNICAL

Current Spot: 5682.55
Pivot: 5660
5DEMA: 5675
10DEMA: 5714
20DEMA: 5766
50DEMA: 5842
RSI (14 days): 38.88
Parabolic SAR: 5846
Supports: 5627 - 5572 - 5539
Resistance: 5715 - 5748 - 5803

Nifty Future VIX Range: 5677 - 5773
Nifty Future VWAP: 5678.31
MP Values Nifty Future: VAH - 5704, POC - 5667, VAL - 5640

TARGET NIFTY
Buy Nifty Future above 5719 - 5745 - 5775 - 5825 SL - 5690
Sell Nifty Future below 5681 - 5660 - 5625 - 5585 SL - 5704

BANKNIFTY TECHNICAL

Current Spot: 11361.85
Pivot: 11285
5DEMA: 11288
10DEMA: 11411
20DEMA: 11616
50DEMA: 11966
RSI (14 days): 38.88
Parabolic SAR: 11720
Supports: 11157 - 10952 - 10824
Resistance: 11490 - 11618 - 11823

Bank Nifty Future VIX Range: 11314 - 11627
Bank Nifty Future VWAP: 11292.43
MP Values Bank Nifty Future: VAH - 11413, POC - 11303, VAL - 11193

TARGET BANKNIFTY
Buy BankNifty Future above 11431 - 11500 - 11625 - 11750 SL - 11345
Sell BankNifty Future below 11335 - 11260 - 11145 - 11000 SL - 11413

INTRADAY TRADE
Reliance Industries: Buy above 778 for targets of 783, 793 SL 772
Reliance Industries: Sell below 769 for targets of 765, 755 SL 776
TataSteel: Buy above 313.5 for targets of 316, 320 SL 309
Nmdc: Buy above 138 for targets of 140, 142 SL 136

SCORE SHEET
Hindunilvr: Buy above 474 for targets of 477, 482 SL 469: Call not active
Titan: Buy above 253 for targets of 255, 259 SL 249: Target 260.50 done

POSITIONAL TRADE
Tatacomm: Buy above 234 for target of 245 SL 230 (2-3 Days)
Techm: Buy above 1060 for target of 1095 SL 1045 (1 Week)

Thanks and Regards

S&P Wealth Creators