Market outlook for 04/04/2013

Nifty closed down 75.20 points (1.31%) at 5672.90 while Nifty Future closed at 5688.10, premium of 15.20 points.
Bank Nifty closed down 179.30 points (1.56%) at 11344.10 while Future closed at 11383.20, premium of 39.10 points.

• FII sold in Cash, again yes sold (Net sell 368.39 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 586.47 Crore)
• DII bought in Cash (Net buy 37.73 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 646:863.

NIFTY TECHNICAL

Current Spot: 5672.90
Pivot: 5689
5DEMA: 5695
10DEMA: 5711
20DEMA: 5751
50DEMA: 5835
RSI (14 days): 39.97
Parabolic SAR: 5758
Supports: 5634 - 5594 - 5539
Resistance: 5729 - 5784 - 5823

Nifty Future VIX Range: 5634 - 5733
Nifty Future VWAP: 5724.26
MP Values Nifty Future: VAH - 5762, POC - 5751, VAL - 5690

TARGET NIFTY
Buy Nifty Future above 5713 - 5740 - 5780 - 5830 SL - 5690
Sell Nifty Future below 5679 - 5655 - 5615 - 5570 SL - 5709

BANKNIFTY TECHNICAL

Current Spot: 11344.10
Pivot: 11406
5DEMA: 11379
10DEMA: 11417
20DEMA: 11568
50DEMA: 11928
RSI (14 days): 39.77
Parabolic SAR: 11048
Supports: 11221 - 11099 - 10914
Resistance: 11529 - 11713 - 11836

Bank Nifty Future VIX Range: 11193 - 11498
Bank Nifty Future VWAP: 11512.78
MP Values Bank Nifty Future: VAH - 11634, POC - 11556, VAL - 11420

TARGET BANKNIFTY
Buy BankNifty Future above 11455 - 11535 - 11600 - 11700 SL - 11420
Sell BankNifty Future below 11375 - 11295 - 11205 - 11100 SL - 11421

INTRADAY TRADE
Reliance: Buy above 786 for targets of 791, 808 SL 780
Reliance: Sell below 776 for targets of 767, 756 SL 784
Adanient: Buy above 223 for targets of 226, 234 SL 220
Ubl: Buy above 764 for targets of 774, 786 SL 752

SCORE SHEET
Bfutilitie: Buy above 276 for targets of 280, 288 SL 269: Target 302.50 done
Lovable: Buy above 290 for targets of 294, 302 SL 282: Call not active

POSITIONAL TRADE
Deltacorp: Buy above 50.5 for target of 53 SL 49.5 (2-3 Days)
Adanipower: Buy above 48 for target of 53 SL 47 (1 Week)

Thanks and Regards

S&P Wealth Creators