Thursday, May 2, 2013

Market outlook for 03/05/2013

Nifty closed up 69.15 points (1.17%) at 5999.35 while Nifty Future closed at 6007.40, premium of 8.05 points.
Bank Nifty closed up 148.40 points (1.18%) at 12709.95 while Future closed at 12673.35, discount of 36.60 points.
  • FII bought in Cash (Net buy 1429.94 Crore)
  • FII sold in index option, stock future but bought in index future (Net sell 264.92 Crore)
  • DII sold in Cash (Net sell 899.07 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 5900 and 5800.
  • Advance Decline for the day was 768:530.
NIFTY TECHNICAL
Current Spot: 5999.35
Pivot: 5977
5DEMA: 5921
10DEMA: 5852
20DEMA: 5787
50DEMA: 5786
RSI (14 days): 68.40
Parabolic SAR: 5714
Supports: 5934 - 5868 - 5825
Resistance: 6042 - 6085 - 6151
Nifty Future VIX Range: 5953 - 6070
Nifty Future VWAP: 5992.87
MP Values Nifty Future: VAH - 6024, POC - 6004, VAL - 5983

TARGET NIFTY
Buy Nifty Future above 6015 - 6030 - 6055 - 6085 SL - 6003
Sell Nifty Future below 5983 - 5970 - 5945 - 5915 SL - 6004

BANKNIFTY TECHNICAL
Current Spot: 12709.95
Pivot: 12682
5DEMA: 12586
10DEMA: 12380
20DEMA: 12089
50DEMA: 11956
RSI (14 days): 68.96
Parabolic SAR: 12244
Supports: 12581 - 12452 - 12350
Resistance: 12811 - 12912 - 13042
Bank Nifty Future VIX Range: 12492 - 12860
Bank Nifty Future VWAP: 12656.44
MP Values Bank Nifty Future: VAH - 12717, POC - 12680, VAL - 12643

TARGET BANKNIFTY
Buy BankNifty Future above 12685 - 12750 - 12845 - 12960 SL - 12642
Sell BankNifty Future below 12625 - 12560 - 12465 - 12350 SL - 12643

INTRADAY TRADE
Reliance: Buy above 805 for targets of 810, 819 SL 796
Reliance: Sell below 794 for targets of 789, 778 SL 800
Aban: Buy above 329 for targets of 332, 337 SL 325
RelInfra: Buy above 392 for targets of 396, 404 SL 387

SCORE SHEET
Federalbnk: Buy above 457 for targets of 462, 470 SL 450: SL Hit
Cairn: Buy above 313 for targets of 316, 320 SL 309: Call not Active

POSITIONAL TRADE
Kpit: Buy above 105 for target of 110 SL 102 (2-3 Days)
Amtekauto: Buy above 73.6 for target of 78 SL 71.6 (1 Week)

Thanks and Regards

S&P Wealth Creators

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