Market outlook for 05/06/2013

Nifty closed down 19.85 points (0.33%) at 5919.45 while Nifty Future closed at 5932.35, premium of 12.90 points.
Bank Nifty closed down 127.00 points (1.02%) at 12275.10 while Future closed at 12287.30, premium of 12.20 points.

• FII bought in Cash (Net buy 84.79 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 52.99 Crore)
• DII sold in Cash (Net sell 216.45 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 623:657.

NIFTY TECHNICAL

Current Spot: 5919.45
Pivot: 5937
5DEMA: 5986
10DEMA: 6021
20DEMA: 6021
50DEMA: 5949
RSI (14 days): 43.55
Parabolic SAR: 6147
Supports: 5893 - 5866 - 5821
Resistance: 5964 - 6008 - 6035

Nifty Future VIX Range: 5872 - 6001
Nifty Future VWAP: 5963.86
MP Values Nifty Future: VAH - 5994, POC - 5977, VAL - 5946

TARGET NIFTY
Buy Nifty Future above 5954 - 5970 - 6000 - 6040 SL - 5945
Sell Nifty Future below 5924 - 5907 - 5880 - 5850 SL - 5952

BANKNIFTY TECHNICAL

Current Spot: 12275.10
Pivot: 12349
5DEMA: 12508
10DEMA: 12649
20DEMA: 12676
50DEMA: 12449
RSI (14 days): 40.62
Parabolic SAR: 13130
Supports: 12178 - 12081 - 11910
Resistance: 12446 - 12618 - 12714

Bank Nifty Future VIX Range: 12117 - 12481
Bank Nifty Future VWAP: 12411.96
MP Values Bank Nifty Future: VAH - 12525, POC - 12461, VAL - 12335

TARGET BANKNIFTY
Buy BankNifty Future above 12365 - 12450 - 12550 - 12670 SL - 12335
Sell BankNifty Future below 12269 - 12195 - 12095 - 11975 SL - 12363

INTRADAY TRADE
Reliance: Buy above 790 for targets of 795, 805 SL 784
Reliance: Sell below 778 for targets of 773, 763 SL 788
Lupin: Buy above 772 for targets of 778, 786 SL 764
Bataindia: Buy above 868 for targets of 876, 890 SL 856

SCORE SHEET
Yesbank: Buy above 505 for targets of 509, 514 SL 499: Target 508.75 done
Lupin: Buy above 760 for targets of 767, 775 SL 751: Target 773.90 done

POSITIONAL TRADE
Tataglobal: Buy above 150.5 for target of 155 SL 149 (2-3 Days)
Ktkbank: Buy above 148 for target of 156 SL 145.5 (1 Week)

Thanks and Regards

S&P Wealth Creators