Market outlook for 05/07/2013

Nifty closed up 66.05 points (1.14%) at 5836.95 while Nifty Future closed at 5840.10, premium of 3.15 points.
Bank Nifty closed up 23.40 points (0.21%) at 11381.20 while Future closed at 11417.15, premium of 35.95 points.

• FII bought in Cash (Net buy 164.56 Crore)
• FII bought in index future, index option and in stock future (Net buy 1509.73 Crore)
• DII sold in Cash (Net sell 76.21 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 700:578.
• McClellan's oscillator for NSE at +20

NIFTY TECHNICAL

Current Spot: 5836.95
Pivot: 5824
5DEMA: 5807
10DEMA: 5784
20DEMA: 5798
50DEMA: 5827
RSI (14 days): 51.57
Parabolic SAR: 5611
Supports: 5799 - 5762- 5737
Resistance: 5861 - 5886 - 5924

Nifty Future VIX Range: 5770 - 5920
Nifty Future VWAP: 5819.96
MP Values Nifty Future: VAH - 5829, POC - 5807, VAL - 5785

TARGET NIFTY
Buy Nifty Future above 5845 - 5865 - 5890 - 5925 SL – 5819
Sell Nifty Future below 5816 - 5800 - 5770 - 5735 SL - 5829

BANKNIFTY TECHNICAL

Current Spot: 11381.20
Pivot: 11370
5DEMA: 11442
10DEMA: 11481
20DEMA: 11658
50DEMA: 11902
RSI (14 days): 40.13
Parabolic SAR: 11155
Supports: 11285 - 11189 - 11104
Resistance: 11466 - 11550 - 11647

Bank Nifty Future VIX Range: 11249 - 11623
Bank Nifty Future VWAP: 11392.60
MP Values Bank Nifty Future: VAH - 11444, POC - 11391, VAL - 11338

TARGET BANKNIFTY
Buy BankNifty Future above 11430 - 11505 - 11595 - 11700 SL - 11391
Sell BankNifty Future below 11385 - 11320 - 11230 - 11125 SL - 11415

INTRADAY TRADE
Reliance: Buy above 864 for targets of 869, 880 SL 858
Reliance: Sell below 856 for targets of 851, 840 SL 862
Hindunilvr: Buy above 603 for targets of 609, 617 SL 595
HclTech: Buy above 803 for targets of 810, 820 SL 789

SCORE SHEET
Jindalstel: Buy above 217 for targets of 219, 223 SL 214: Target 219.90 done
Zeel: Buy above 244 for targets of 246, 249 SL 240: Target 245.75 done

POSITIONAL TRADE
Relcapital: Buy above 360 for target of 380 SL 355 (2-3 Days)
UcoBank: Buy above 66 for target of 71 SL 63 (1 Week)

Thanks and Regards

S&P Wealth Creators