Market outlook for 09/04/2013

Nifty closed down 10.30 points (0.19%) at 5542.95 while Nifty Future closed at 5559.00, premium of 16.05 points.
Bank Nifty closed down 86.30 points (0.78%) at 11012.65 while Future closed at 11047.15, premium of 34.50 points.

• FII sold in Cash (Net sell 163.95 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 14.04 Crore)
• DII bought in Cash (Net buy 212.72 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 548:734.

NIFTY TECHNICAL

Current Spot: 5542.95
Pivot: 5550
5DEMA: 5595
10DEMA: 5640
20DEMA: 5701
50DEMA: 5803
RSI (14 days): 31.78
Parabolic SAR: 5680
Supports: 5530 - 5518 - 5498
Resistance: 5562 - 5582 - 5595

Nifty Future VIX Range: 5512 - 5611
Nifty Future VWAP: 5567.60
MP Values Nifty Future: VAH - 5579, POC - 5571, VAL - 5563

TARGET NIFTY
Buy Nifty Future above 5571 - 5580 - 5595 - 5615 SL - 5562
Sell Nifty Future below 5554 - 5545 - 5531 - 5510 SL - 5570

BANKNIFTY TECHNICAL

Current Spot: 11012.65
Pivot: 11050
5DEMA: 11157
10DEMA: 11261
20DEMA: 11440
50DEMA: 11828
RSI (14 days): 32.72
Parabolic SAR: 11579
Supports: 10965 - 10918 - 10833
Resistance: 11097 - 11181 - 11229

Bank Nifty Future VIX Range: 10914 - 11206
Bank Nifty Future VWAP: 11115.05
MP Values Bank Nifty Future: VAH - 11168, POC - 11127, VAL - 11086

TARGET BANKNIFTY
Buy BankNifty Future above 11127 - 11170 - 11220 - 11290 SL - 11085
Sell BankNifty Future below 11035 - 11000 - 10945 - 10850 SL - 11095

INTRADAY TRADE
Reliance: Buy above 791 for targets of 795, 805 SL 785
Reliance: Sell below 783 for targets of 775, 766 SL 789
Pfc: Buy above 192.5 for targets of 194, 197 SL 190
Bhel: Buy above 183 for targets of 185, 188 SL 181

SCORE SHEET
Maruti: Buy above 1415 for targets of 1430, 1455 SL 1390: Target 1424.00 done
Riil: Buy above 386 for targets of 390, 397 SL 382: Target 396.60 done

POSITIONAL TRADE
Titan: Buy above 253 for target of 262 SL 248 (2-3 Days)
Rcom: Buy above 66 for target of 70 SL 65 (1 Week)

Thanks and Regards

S&P Wealth Creators