Market outlook for 03/07/2013

Nifty closed down 41.30 points (0.70%) at 5857.55 while Nifty Future closed at 5859.05, premium of 1.50 points.
Bank Nifty closed down 100.65 points (0.86%) at 11614.25 while Future closed at 11632.45, premium of 18.20 points.

• FII sold small in Cash (Net sell 43.20 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 907.53 Crore)
• DII sold in Cash (Net sell 125.33 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 603:691.
• McClellan's oscillator for NSE at +35

NIFTY TECHNICAL

Current Spot: 5857.55
Pivot: 5870
5DEMA: 5803
10DEMA: 5772
20DEMA: 5797
50DEMA: 5843
RSI (14 days): 52.57
Parabolic SAR: 5586
Supports: 5840 - 5823- 5794
Resistance: 5887 - 5916 - 5933

Nifty Future VIX Range: 5788 - 5938
Nifty Future VWAP: 5870.69
MP Values Nifty Future: VAH - 5887, POC - 5875, VAL - 5863

TARGET NIFTY
Buy Nifty Future above 5876 - 5887 - 5905 - 5930 SL – 5863
Sell Nifty Future below 5856 - 5845 - 5825 - 5795 SL - 5875

BANKNIFTY TECHNICAL

Current Spot: 11614.25
Pivot: 11653
5DEMA: 11530
10DEMA: 11535
20DEMA: 11723
50DEMA: 11979
RSI (14 days): 44.32
Parabolic SAR: 11076
Supports: 11552 - 11490 - 11390
Resistance: 11715 - 11815 - 11877

Bank Nifty Future VIX Range: 11458 - 11838
Bank Nifty Future VWAP: 11677.39
MP Values Bank Nifty Future: VAH - 11738, POC - 11688, VAL - 11638

TARGET BANKNIFTY
Buy BankNifty Future above 11688 - 11730 - 11810 - 11900 SL - 11662
Sell BankNifty Future below 11626 - 11585 - 11510 - 11415 SL - 11677

INTRADAY TRADE
Reliance: Buy above 882 for targets of 888, 900 SL 875
Reliance: Sell below 868 for targets of 862, 850 SL 880
Titan: Buy above 235 for targets of 238, 243 SL 232
Bhartiartl: Buy above 304 for targets of 307, 312 SL 299

SCORE SHEET
Tatacomm: Buy above 180 for targets of 183, 188 SL 176: Call not active
Adanient: Buy above 217 for targets of 220, 224 SL 213: Target 219.45 done

POSITIONAL TRADE
Koltepatil: Buy above 82 for target of 87 SL 80.5 (2-3 Days)
Frl: Buy above 102 for target of 112 SL 100 (1 Week)

Thanks and Regards

S&P Wealth Creators