Market outlook for 02/05/2013

Nifty closed up 26.10 points (0.44%) at 5930.20 while Nifty Future closed at 5929.00, discount of 1.20 points.
Bank Nifty closed down 47.60 points (0.38%) at 12561.55 while Future closed at 12495.40, discount of 66.15 points.

• FII bought in Cash (Net buy 876.93 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 766.40 Crore)
• DII sold in Cash (Net sell 347.17 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 588:686.

NIFTY TECHNICAL

Current Spot: 5930.20
Pivot: 5920
5DEMA: 5882
10DEMA: 5819
20DEMA: 5764
50DEMA: 5784
RSI (14 days): 64.53
Parabolic SAR: 5672
Supports: 5878 - 5826 - 5783
Resistance: 5972 - 6015 - 6067

Nifty Future VIX Range: 5866 - 5979
Nifty Future VWAP: 5916.09
MP Values Nifty Future: VAH - 5924, POC - 5902, VAL - 5880

TARGET NIFTY
Buy Nifty Future above 5932 - 5945 - 5965 - 5990 SL - 5902
Sell Nifty Future below 5900 - 5885 - 5860 - 5845 SL - 5924

BANKNIFTY TECHNICAL

Current Spot: 12561.55
Pivot: 12541
5DEMA: 12524
10DEMA: 12307
20DEMA: 12024
50DEMA: 11945
RSI (14 days): 66.34
Parabolic SAR: 12142
Supports: 12423 - 12284 - 12166
Resistance: 12679 - 12797 - 12936

Bank Nifty Future VIX Range: 12309 - 12671
Bank Nifty Future VWAP: 12469.64
MP Values Bank Nifty Future: VAH - 12551, POC - 12476, VAL - 12401

TARGET BANKNIFTY
Buy BankNifty Future above 12520 - 12600 - 12700 - 12820 SL - 12476
Sell BankNifty Future below 12475 - 12400 - 12300 - 12180 SL - 12515

INTRADAY TRADE
Reliance: Buy above 790 for targets of 796, 805 SL 785
Reliance: Sell below 783 for targets of 778, 770 SL 789
Federalbnk: Buy above 457 for targets of 462, 470 SL 450
Cairn: Buy above 313 for targets of 316, 320 SL 309

SCORE SHEET
Adanient: Buy above 217.5 for targets of 220, 224 SL 215: Target 219.85 done
Unionbank: Buy above 247 for targets of 250, 255 SL 242: Call not Active

POSITIONAL TRADE
Syndibank: Buy above 120 for target of 127 SL 118 (2-3 Days)
Tataglobal: Buy above 148 for target of 160 SL 145 (1 Week)

Thanks and Regards

S&P Wealth Creators