Market outlook for 04/07/2013

Nifty closed down 86.65 points (1.48%) at 5770.90 while Nifty Future closed at 5767.85, discount of 3.10 points.
Bank Nifty closed down 256.45 points (2.21%) at 11357.80 while Future closed at 11362.45, premium of 4.65 points.

• FII sold in Cash (Net sell 705.06 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 839.72 Crore)
• DII bought in Cash (Net buy 252.88 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 305:982.
• McClellan's oscillator for NSE at +10

NIFTY TECHNICAL

Current Spot: 5770.90
Pivot: 5782
5DEMA: 5793
10DEMA: 5772
20DEMA: 5794
50DEMA: 5835
RSI (14 days): 47.24
Parabolic SAR: 5599
Supports: 5749 - 5728- 5695
Resistance: 5804 - 5837 - 5858

Nifty Future VIX Range: 5704 - 5853
Nifty Future VWAP: 5779.37
MP Values Nifty Future: VAH - 5786, POC - 5772, VAL - 5758

TARGET NIFTY
Buy Nifty Future above 5786 - 5800 - 5830 - 5865 SL – 5772
Sell Nifty Future below 5758 - 5745 - 5720 - 5690 SL - 5784

BANKNIFTY TECHNICAL

Current Spot: 11357.80
Pivot: 11395
5DEMA: 11473
10DEMA: 11503
20DEMA: 11688
50DEMA: 11940
RSI (14 days): 39.23
Parabolic SAR: 11117
Supports: 11285 - 11213 - 11102
Resistance: 11468 - 11578 - 11651

Bank Nifty Future VIX Range: 11184 - 11566
Bank Nifty Future VWAP: 11394.82
MP Values Bank Nifty Future: VAH - 11437, POC - 11370, VAL - 11331

TARGET BANKNIFTY
Buy BankNifty Future above 11437 - 11520 - 11610 - 11720 SL - 11370
Sell BankNifty Future below 11345 - 11270 - 11170 - 11065 SL - 11435

INTRADAY TRADE
Reliance: Buy above 859 for targets of 864, 874 SL 852
Reliance: Sell below 848 for targets of 843, 833 SL 856
Jindalstel: Buy above 217 for targets of 219, 223 SL 214
Zeel: Buy above 244 for targets of 246, 249 SL 240

SCORE SHEET
Titan: Buy above 235 for targets of 238, 243 SL 232: Call not active
Bhartiartl: Buy above 304 for targets of 307, 312 SL 299: Target 306.65 done

POSITIONAL TRADE
Lupin: Buy above 834 for target of 855 SL 818 (2-3 Days)
Mahindforg: Buy above 63 for target of 68 SL 61 (1 Week)

Thanks and Regards

S&P Wealth Creators