Market outlook for 11/04/2013

Nifty closed up 63.60 points (1.16%) at 5558.70 while Nifty Future closed at 5563.85, premium of 5.15 points.
Bank Nifty closed up 193.10 points (1.77%) at 11122.25 while Future closed at 11140.55, premium of 18.30 points.

• FII bought in Cash (Net buy 40.22 Crore)
• FII bought in stock future but sold in index future, index option (Net buy 95.07 Crore)
• DII bought in Cash (Net buy 197.29 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5500 and 5400.
• Advance Decline for the day was 669:613.

NIFTY TECHNICAL

Current Spot: 5558.70
Pivot: 5535
5DEMA: 5561
10DEMA: 5604
20DEMA: 5669
50DEMA: 5779
RSI (14 days): 36.87
Parabolic SAR: 5611
Supports: 5501 - 5443 - 5409
Resistance: 5593 - 5627 - 5685

Nifty Future VIX Range: 5503 - 5605
Nifty Future VWAP: 5530.00
MP Values Nifty Future: VAH - 5552, POC - 5523, VAL - 5494

TARGET NIFTY
Buy Nifty Future above 5568 - 5590 - 5630 - 5680 SL - 5538
Sell Nifty Future below 5523 - 5500 - 5465 - 5425 SL - 5552

BANKNIFTY TECHNICAL

Current Spot: 11122.25
Pivot: 11052
5DEMA: 11095
10DEMA: 11186
20DEMA: 11366
50DEMA: 11772
RSI (14 days): 38.76
Parabolic SAR: 11512
Supports: 10959 - 10797 - 10705
Resistance: 11214 - 11306 - 11469

Bank Nifty Future VIX Range: 10989 - 11285
Bank Nifty Future VWAP: 11030.78
MP Values Bank Nifty Future: VAH - 11056, POC - 10980, VAL - 10909

TARGET BANKNIFTY
Buy BankNifty Future above 11149 - 11210 - 11300 - 11410 SL - 11055
Sell BankNifty Future below 11054 - 11000 - 10915 - 10820 SL - 11078

INTRADAY TRADE
Reliance: Buy above 781 for targets of 787, 795 SL 776
Reliance: Sell below 774 for targets of 769, 762 SL 780
RelInfra: Buy above 346 for targets of 350, 357 SL 339
Hcltech: Buy above 768 for targets of 775, 788 SL 757

SCORE SHEET
Greenply: Buy above 453 for targets of 460, 470 SL 444: Target 464.80 done
TataMotors: Buy above 265 for targets of 267, 270 SL 262: Target 269.00 done

POSITIONAL TRADE
Adaniports: Buy above 152 for target of 159 SL 148 (2-3 Days)
Rcom: Buy above 73.5 for target of 80 SL 70.3 (1 Week)

Thanks and Regards

S&P Wealth Creators