Market outlook for 05/04/2013

Nifty closed down 98.15 points (1.73%) at 5574.75 while Nifty Future closed at 5593.20, premium of 18.45 points.
Bank Nifty closed down 217.85 points (1.92%) at 11126.25 while Future closed at 11173.60, premium of 47.35 points.

• FII sold in Cash, 3 days in a row (Net sell 326.21 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 167.01 Crore)
• DII bought in Cash (Net buy 64.73 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 359:1155.

NIFTY TECHNICAL

Current Spot: 5574.75
Pivot: 5595
5DEMA: 5655
10DEMA: 5686
20DEMA: 5734
50DEMA: 5825
RSI (14 days): 33.54
Parabolic SAR: 5745
Supports: 5545 - 5516 - 5467
Resistance: 5624 - 5674 - 5703

Nifty Future VIX Range: 5542 - 5648
Nifty Future VWAP: 5624.47
MP Values Nifty Future: VAH - 5658, POC - 5637, VAL - 5611

TARGET NIFTY
Buy Nifty Future above 5617 - 5640 - 5680 - 5730 SL - 5600
Sell Nifty Future below 5589 - 5565 - 5535 - 5490 SL - 5612

BANKNIFTY TECHNICAL

Current Spot: 11126.25
Pivot: 11162
5DEMA: 11295
10DEMA: 11364
20DEMA: 11526
50DEMA: 11897
RSI (14 days): 35.00
Parabolic SAR: 11059
Supports: 11069 - 11013 - 10920
Resistance: 11219 - 11311 - 11368

Bank Nifty Future VIX Range: 11022 - 11330
Bank Nifty Future VWAP: 11223.74
MP Values Bank Nifty Future: VAH - 11261, POC - 11219, VAL - 11177

TARGET BANKNIFTY
Buy BankNifty Future above 11220 - 11265 - 11350 - 11420 SL - 11177
Sell BankNifty Future below 11159 - 11120 - 11060 - 10980 SL - 11219

INTRADAY TRADE
Reliance: Buy above 774 for targets of 781, 787 SL 768
Reliance: Sell below 764 for targets of 758, 750 SL 772
Mmtc: Buy above 239 for targets of 242, 248 SL 234
CoalIndia: Buy above 312 for targets of 315, 320 SL 307

SCORE SHEET
Adanient: Buy above 223 for targets of 226, 234 SL 220: Call not active
Ubl: Buy above 764 for targets of 774, 786 SL 752: Call not active

POSITIONAL TRADE
Ifci: Buy above 28 for target of 29 SL 27.7 (2-3 Days)
Bajajhind: Buy above 21.5 for target of 23 SL 20.9 (1 Week)

Thanks and Regards

S&P Wealth Creators