Market outlook for 03/04/2013

Nifty closed up 43.70 points (0.68%) at 5748.10 while Nifty Future closed at 5766.60, premium of 18.50 points.
Bank Nifty closed up 97.85 points (0.86%) at 11523.40 while Future closed at 11574.20, premium of 50.80 points.

• FII sold in Cash, yes sold (Net sell 45.41 Crore)
• FII bought in index future, index option, stock future (Net buy 1585.97 Crore)
• DII bought in Cash (Net buy 205.80 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 1142:370.

NIFTY TECHNICAL

Current Spot: 5748.10
Pivot: 5730
5DEMA: 5706
10DEMA: 5719
20DEMA: 5760
50DEMA: 5840
RSI (14 days): 46.33
Parabolic SAR: 5783
Supports: 5705 - 5663 - 5638
Resistance: 5773 - 5797 - 5840

Nifty Future VIX Range: 5718 - 5813
Nifty Future VWAP: 5742.08
MP Values Nifty Future: VAH - 5773, POC - 5763, VAL - 5722

TARGET NIFTY
Buy Nifty Future above 5773 - 5785 - 5810 - 5850 SL - 5759
Sell Nifty Future below 5745 - 5730 - 5705 - 5670 SL - 5763

BANKNIFTY TECHNICAL

Current Spot: 11523.40
Pivot: 11478
5DEMA: 11397
10DEMA: 11433
20DEMA: 11592
50DEMA: 11952
RSI (14 days): 44.40
Parabolic SAR: 11548
Supports: 11407 - 11291 - 11220
Resistance: 11594 - 11664 - 11781

Bank Nifty Future VIX Range: 11428 - 11734
Bank Nifty Future VWAP: 11510.36
MP Values Bank Nifty Future: VAH - 11592, POC - 11551, VAL - 11464

TARGET BANKNIFTY
Buy BankNifty Future above 11592 - 11635 - 11700 - 11800 SL - 11540
Sell BankNifty Future below 11520 - 11475 - 11405 - 11300 SL - 11551

INTRADAY TRADE
Reliance Industries: Buy above 796 for targets of 805, 816 SL 788
Reliance Industries: Sell below 786 for targets of 777, 766 SL 793
Bfutilitie: Buy above 276 for targets of 280, 288 SL 269
Lovable: Buy above 290 for targets of 294, 302 SL 282

SCORE SHEET
Bhel: Buy above 183 for targets of 185, 188 SL 180: Target 186.00 done
Auropharma: Buy above 153 for targets of 154.5, 157 SL 150: Target 158.60 done

POSITIONAL TRADE
Jindalpoly: Buy above 164 for target of 175 SL 161 (2-3 Days)
Peninland: Buy above 43 for target of 47 SL 41.8 (1 Week)

Thanks and Regards

S&P Wealth Creators