Market outlook for 08/04/2013

Nifty closed down 21.50 points (0.39%) at 5553.25 while Nifty Future closed at 5572.05, premium of 18.80 points.
Bank Nifty closed down 27.30 points (0.25%) at 11098.95 while Future closed at 11142.40, premium of 43.45 points.

• FII sold in Cash (Net sell 203.19 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 516.81 Crore)
• DII bought in Cash (Net buy 21.47 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 726:762.

NIFTY TECHNICAL

Current Spot: 5553.25
Pivot: 5555
5DEMA: 5621
10DEMA: 5662
20DEMA: 5717
50DEMA: 5812
RSI (14 days): 33.54
Parabolic SAR: 5711
Supports: 5533 - 5512 - 5490
Resistance: 5575 - 5598 - 5618

Nifty Future VIX Range: 5509 - 5611
Nifty Future VWAP: 5578.62
MP Values Nifty Future: VAH - 5592, POC - 5581, VAL - 5570

TARGET NIFTY
Buy Nifty Future above 5581 - 5592 - 5610 - 5630 SL - 5570
Sell Nifty Future below 5564 - 5555 - 5535 - 5515 SL - 5580

BANKNIFTY TECHNICAL

Current Spot: 11098.95
Pivot: 11096
5DEMA: 11230
10DEMA: 11316
20DEMA: 11485
50DEMA: 11860
RSI (14 days): 34.49
Parabolic SAR: 11591
Supports: 11024 - 10949 - 10877
Resistance: 11171 - 11243 - 11318

Bank Nifty Future VIX Range: 10989 - 11287
Bank Nifty Future VWAP: 11148.22
MP Values Bank Nifty Future: VAH - 11190, POC - 11156, VAL - 11122

TARGET BANKNIFTY
Buy BankNifty Future above 11157 - 11190 - 11250 - 11350 SL - 11122
Sell BankNifty Future below 11121 - 11070 - 11000 - 10920 SL - 11156

INTRADAY TRADE
Reliance: Buy above 782 for targets of 789, 799 SL 775
Reliance: Sell below 774 for targets of 766, 758 SL 779
Maruti: Buy above 1415 for targets of 1430, 1455 SL 1390
Riil: Buy above 386 for targets of 390, 397 SL 382

SCORE SHEET
Mmtc: Buy above 239 for targets of 242, 248 SL 234: Target 243.85 done
CoalIndia: Buy above 312 for targets of 315, 320 SL 307: Target 314.50 done

POSITIONAL TRADE
Wipro: Buy above 457 for target of 475 SL 451 (2-3 Days)
Jaicorpltd: Buy above 58 for target of 62 SL 57.5 (1 Week)

Thanks and Regards

S&P Wealth Creators