Market outlook for 09/05/2013

Nifty closed up 25.75 points (0.43%) at 6069.30 while Nifty Future closed at 6075.20, premium of 5.90 points.
Bank Nifty closed up 11.55 points (0.09%) at 12643.05 while Future closed at 12604.30, discount of 38.75 points.

• FII bought in Cash (Net buy 976.99 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1120.40 Crore)
• DII sold in Cash (Net sell 669.08 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 642:641.

NIFTY TECHNICAL

Current Spot: 6069.30
Pivot: 6059
5DEMA: 6007
10DEMA: 5944
20DEMA: 5861
50DEMA: 5812
RSI (14 days): 69.50
Parabolic SAR: 5870
Supports: 6035 - 6001 - 5976
Resistance: 6094 - 6118 - 6152

Nifty Future VIX Range: 6031 - 6147
Nifty Future VWAP: 6059.34
MP Values Nifty Future: VAH - 6072, POC - 6059, VAL - 6046

TARGET NIFTY
Buy Nifty Future above 6085 - 6098 - 6120 - 6150 SL - 6059
Sell Nifty Future below 6055 - 6040 - 6020 - 5990 SL - 6072

BANKNIFTY TECHNICAL

Current Spot: 12643.05
Pivot: 12617
5DEMA: 12568
10DEMA: 12469
20DEMA: 12233
50DEMA: 12015
RSI (14 days): 63.88
Parabolic SAR: 12760
Supports: 12540 - 12438 - 12361
Resistance: 12720 - 12797 - 12900

Bank Nifty Future VIX Range: 12449 - 12827
Bank Nifty Future VWAP: 12570.10
MP Values Bank Nifty Future: VAH - 12604, POC - 12567, VAL - 12530

TARGET BANKNIFTY
Buy BankNifty Future above 12615 - 12680 - 12765 - 12865 SL - 12567
Sell BankNifty Future below 12555 - 12500 - 12410 - 12310 SL - 12604

INTRADAY TRADE
Reliance: Buy above 832 for targets of 837, 844 SL 826
Reliance: Sell below 824 for targets of 819, 812 SL 830
Madrascem: Buy above 262 for targets of 265, 270 SL 255
Zeel: Buy above 246 for targets of 249, 254 SL 242

SCORE SHEET
Recltd: Buy above 234 for targets of 236, 241 SL 229: Target 235.85 done
Dabur: Buy above 162.5 for targets of 164, 166 SL 160.5: Target 164.70 done

POSITIONAL TRADE
Bergerpaint: Buy above 216 for target of 228 SL 213 (2-3 Days)
Idfc: Buy above 155 for target of 164 SL 152 (1 Week)

Thanks and Regards

S&P Wealth Creators