Market outlook for 10/04/2013

Nifty closed down 47.85 points (0.86%) at 5495.10 while Nifty Future closed at 5500.85, premium of 5.75 points.
Bank Nifty closed down 83.50 points (0.76%) at 10929.15 while Future closed at 10944.95, premium of 15.80 points.

• FII sold in Cash (Net sell 664.90 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 1706.67 Crore)
• DII bought in Cash (Net buy 987.81 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 401:890.

NIFTY TECHNICAL

Current Spot: 5495.10
Pivot: 5528
5DEMA: 5562
10DEMA: 5614
20DEMA: 5681
50DEMA: 5788
RSI (14 days): 29.17
Parabolic SAR: 5645
Supports: 5454 - 5412 - 5338
Resistance: 5570 - 5644 - 5686

Nifty Future VIX Range: 5446 - 5545
Nifty Future VWAP: 5559.27
MP Values Nifty Future: VAH - 5612, POC - 5569, VAL - 5526

TARGET NIFTY
Buy Nifty Future above 5543 - 5560 - 5595 - 5630 SL - 5526
Sell Nifty Future below 5493 - 5471 - 5450 - 5415 SL - 5542

BANKNIFTY TECHNICAL

Current Spot: 10929.15
Pivot: 11012
5DEMA: 11081
10DEMA: 11201
20DEMA: 11392
50DEMA: 11792
RSI (14 days): 31.09
Parabolic SAR: 11552
Supports: 10814 - 10699 - 10501
Resistance: 11127 - 11325 - 11440

Bank Nifty Future VIX Range: 10791 - 11075
Bank Nifty Future VWAP: 11102.79
MP Values Bank Nifty Future: VAH - 11228, POC - 11129, VAL - 11030

TARGET BANKNIFTY
Buy BankNifty Future above 11047 - 11140 - 11250 - 11370 SL - 11019
Sell BankNifty Future below 10935 - 10840 - 10745 - 10650 SL - 11044

INTRADAY TRADE
Reliance: Buy above 785 for targets of 792, 804 SL 779
Reliance: Sell below 773 for targets of 766, 759 SL 783
Greenply: Buy above 453 for targets of 460, 470 SL 444
TataMotors: Buy above 265 for targets of 267, 270 SL 262

SCORE SHEET
Pfc: Buy above 192.5 for targets of 194, 197 SL 190: Target 194.00 done
Bhel: Buy above 183 for targets of 185, 188 SL 181: Target 185.30 done

POSITIONAL TRADE
Recltd: Buy above 216 for target of 222 SL 214 (2-3 Days)
Hindoilexp: Buy above 58 for target of 62.5 SL 57 (1 Week)

Thanks and Regards

S&P Wealth Creators