Market outlook for 10/05/2013

Nifty closed down 19.15 points (0.32%) at 6050.15 while Nifty Future closed at 6048.95, discount of 1.20 points.
Bank Nifty closed down 46.75 points (0.37%) at 12596.30 while Future closed at 12529.45, discount of 66.85 points.

• FII bought in Cash (Net buy 662.88 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 349.26 Crore)
• DII sold in Cash (Net sell 476.69 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 531:762.

NIFTY TECHNICAL

Current Spot: 6050.15
Pivot: 6058
5DEMA: 6022
10DEMA: 5963
20DEMA: 5879
50DEMA: 5821
RSI (14 days): 67.30
Parabolic SAR: 5909
Supports: 6032 - 6014 - 5988
Resistance: 6076 - 6103 - 6121

Nifty Future VIX Range: 6003 - 6115
Nifty Future VWAP: 6062.50
MP Values Nifty Future: VAH - 6084, POC - 6071, VAL - 6056

TARGET NIFTY
Buy Nifty Future above 6071 - 6084 - 6105 - 6130 SL - 6056
Sell Nifty Future below 6041 - 6030 - 6010 - 5985 SL - 6064

BANKNIFTY TECHNICAL

Current Spot: 12596.30
Pivot: 12619
5DEMA: 12577
10DEMA: 12492
20DEMA: 12268
50DEMA: 12043
RSI (14 days): 62.17
Parabolic SAR: 12748
Supports: 12519 - 12442 - 12342
Resistance: 12696 - 12796 - 12873

Bank Nifty Future VIX Range: 12377 - 12743
Bank Nifty Future VWAP: 12573.73
MP Values Bank Nifty Future: VAH - 12616, POC - 12560, VAL - 12504

TARGET BANKNIFTY
Buy BankNifty Future above 12575 - 12640 - 12720 - 12820 SL - 12560
Sell BankNifty Future below 12504 - 12455 - 12375 - 12275 SL - 12572

INTRADAY TRADE
Reliance: Buy above 826 for targets of 832, 842 SL 820
Reliance: Sell below 816 for targets of 810, 800 SL 824
BankIndia: Buy above 335 for targets of 337, 342 SL 331
Ambujacem: Buy above 188 for targets of 189, 191 SL 186

SCORE SHEET
Madrascem: Buy above 262 for targets of 265, 270 SL 255: Call not Active
Zeel: Buy above 246 for targets of 249, 254 SL 242: Target 250.00 done

POSITIONAL TRADE
Pidilitind: Buy above 276 for target of 285 SL 273 (2-3 Days)
Aptech: Buy above 54.5 for target of 60.5 SL 53.8 (1 Week)

Thanks and Regards

S&P Wealth Creators