Market outlook for 02/04/2013

Nifty closed up 21.85 points (0.38%) at 5704.40 while Nifty Future closed at 5726.55, premium of 22.15 points.
Bank Nifty closed up 63.70 points (0.56%) at 11425.55 while Future closed at 11480.60, premium of 55.05 points.

• FII bought in Cash (Net buy 313.07 Crore)
• FII bought in index option, stock future and stock option but sold in index future (Net buy 158.80 Crore)
• DII sold in Cash (Net sell 269.16 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 1146:372.

NIFTY TECHNICAL

Current Spot: 5704.40
Pivot: 5700
5DEMA: 5685
10DEMA: 5712
20DEMA: 5761
50DEMA: 5840
RSI (14 days): 41.42
Parabolic SAR: 5812
Supports: 5680 - 5655 - 5635
Resistance: 5725 - 5745 - 5770

Nifty Future VIX Range: 5674 - 5770
Nifty Future VWAP: 5721.14
MP Values Nifty Future: VAH - 5731, POC - 5720, VAL - 5709

TARGET NIFTY
Buy Nifty Future above 5731 - 5745 - 5765 - 5790 SL - 5719
Sell Nifty Future below 5709 - 5700 - 5680 - 5660 SL - 5724

BANKNIFTY TECHNICAL

Current Spot: 11425.55
Pivot: 11406
5DEMA: 11334
10DEMA: 11413
20DEMA: 11599
50DEMA: 11959
RSI (14 days): 41.04
Parabolic SAR: 11626
Supports: 11351 - 11276 - 11221
Resistance: 11480 - 11535 - 11610

Bank Nifty Future VIX Range: 11319 - 11628
Bank Nifty Future VWAP: 11445.85
MP Values Bank Nifty Future: VAH - 11477, POC - 11440, VAL - 11403

TARGET BANKNIFTY
Buy BankNifty Future above 11489 - 11535 - 11590 - 11670 SL - 11440
Sell BankNifty Future below 11439 - 11405 - 11335 - 11270 SL - 11477

INTRADAY TRADE
Reliance Industries: Buy above 785 for targets of 793, 803 SL 779
Reliance Industries: Sell below 776 for targets of 767, 756 SL 784
Bhel: Buy above 183 for targets of 185, 188 SL 180
Auropharma: Buy above 153 for targets of 154.5, 157 SL 150

SCORE SHEET
TataSteel: Buy above 313.5 for targets of 316, 320 SL 309: Target 316.50 done
Nmdc: Buy above 138 for targets of 140, 142 SL 136: SL Hit

POSITIONAL TRADE
Cairn: Buy above 287 for target of 294 SL 282 (2-3 Days)
Dlf: Buy above 255 for target of 268 SL 247 (1 Week)

Thanks and Regards

S&P Wealth Creators