Market outlook for 02/07/2013

Nifty closed up 56.65 points (0.97%) at 5898.85 while Nifty Future closed at 5892.20, discount of 6.65 points.
Bank Nifty closed up 97.65 points (0.84%) at 11714.90 while Future closed at 11739.50, premium of 24.60 points.

• FII sold small in Cash (Net sell 1.47 Crore)
• FII bought in index future, index option, stock future (Net buy 1100.01 Crore)
• DII bought in Cash (Net buy 213.60 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 1009:279.
• McClellan's oscillator for NSE at +37

NIFTY TECHNICAL

Current Spot: 5898.85
Pivot: 5875
5DEMA: 5776
10DEMA: 5754
20DEMA: 5790
50DEMA: 5839
RSI (14 days): 55.48
Parabolic SAR: 5573
Supports: 5846 - 5793- 5764
Resistance: 5928 - 5957 - 6010

Nifty Future VIX Range: 5817 - 5971
Nifty Future VWAP: 5870.10
MP Values Nifty Future: VAH - 5891, POC - 5874, VAL - 5857

TARGET NIFTY
Buy Nifty Future above 5898 - 5920 - 5945 - 5970 SL – 5874
Sell Nifty Future below 5873 - 5855 - 5830 - 5800 SL - 5891

BANKNIFTY TECHNICAL

Current Spot: 11714.90
Pivot: 11682
5DEMA: 11488
10DEMA: 11518
20DEMA: 11734
50DEMA: 11986
RSI (14 days): 46.61
Parabolic SAR: 11048
Supports: 11631 - 11546 - 11495
Resistance: 11766 - 11817 - 11902

Bank Nifty Future VIX Range: 11554 - 11946
Bank Nifty Future VWAP: 11705.44
MP Values Bank Nifty Future: VAH - 11743, POC - 11712, VAL - 11681

TARGET BANKNIFTY
Buy BankNifty Future above 11747 - 11790 - 11850 - 11945 SL - 11681
Sell BankNifty Future below 11679 - 11645 - 11575 - 11485 SL - 11712

INTRADAY TRADE
Reliance: Buy above 888 for targets of 894, 906 SL 876
Reliance: Sell below 874 for targets of 868, 856 SL 881
Tatacomm: Buy above 180 for targets of 183, 188 SL 176
Adanient: Buy above 217 for targets of 220, 224 SL 213

SCORE SHEET
Jindalstel: Buy above 219 for targets of 222, 225 SL 216: Target 226.50 done
Bajajhldng: Buy above 808 for targets of 816, 829 SL 795: Call not active

POSITIONAL TRADE
Canbk: Buy above 387 for target of 403 SL 376 (2-3 Days)
Frl: Buy above 95 for target of 101 SL 93.5 (1 Week)

Thanks and Regards

S&P Wealth Creators