Market outlook for 01/06/2012

Nifty closed down 26.50 points (0.54%) at 4924.25 while Nifty Future closed at 4921.60, discount of 2.65 points.
Bank Nifty closed down 93.05 points (0.98%) at 9441.00 while Future closed at 9413.50, discount of 27.50 points.

• FII sold huge in Cash (Net sell 665.76 Crore)
• FII sold huge in index future but bought in stock future, index option (Net sell 414.57 Crore)
• DII sold in Cash (Net sell 266.38 Crore)
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 4900 and 4800.
• Advance Decline for the day was 626:822.

NIFTY TECHNICAL

Current Spot: 4924.25
Pivot: 4919
5DEMA: 4941
10DEMA: 4938
20DEMA: 4973
50DEMA: 5088
RSI (14 days): 41.55
Parabolic SAR: 4859
Supports: 4889 – 4853 – 4823
Resistance: 4954 – 4985 – 5020
CAM Support: 4918 – 4912 – 4906 – 4888
CAM Resistance: 4930 – 4936 – 4942 – 4960
NF VIX Range: 4871 – 4972
Nifty Future VWAP: 4906.93
MP Values Nifty Future: VAH – 4920, POC – 4908, VAL – 4896

TARGET NIFTY
Buy Nifty Future above 4920 – 4933 – 4952 – 4979 SL – 4905
Sell Nifty Future below 4900 – 4891 – 4864 – 4845 SL – 4914

BANKNIFTY TECHNICAL

Current Spot: 9441.00
Pivot: 9427
5DEMA: 9513
10DEMA: 9490
20DEMA: 9559
50DEMA: 9834
RSI (14 days): 43.53
Parabolic SAR: 9233
Supports: 9374 – 9308 – 9255
Resistance: 9494 – 9546 – 9613
CAM Support: 9430 – 9419 – 9408 – 9375
CAM Resistance: 9452 – 9463 – 9474 – 9507
Bank Nifty VIX Range: 9266 – 9561
Bank Nifty Future VWAP: 9378.11
MP Values Bank Nifty Future: VAH – 9411, POC – 9369, VAL – 9327

TARGET BANKNIFTY
Buy BankNifty Future above 9446 – 9550 – 9665 – 9860 SL – 9380
Sell BankNifty Future below 9350 – 9255 – 9060 – 8940 SL – 9374

INTRADAY TRADE
Reliance Industries: Buy above 709 for targets of 712, 716, 725 SL 704
Reliance Industries: Sell below 702 for targets of 698, 694, 686 SL 707
BankIndia: Buy above 344 for targets of 349, 356 SL 338
SesaGoa: Buy above 188 for targets of 190, 194 SL 185

SCORE SHEET
Indiabulls: Buy above 234 for targets of 237, 244 SL 231: Call not active
Dredgecorp: Buy above 255 for targets of 258, 263 SL 251: Target 260.50 done

POSITIONAL TRADE
VGuard: Buy above 218 for target of 227 SL 213 (2-3 Days)
KotakBank: Buy above 564 for target of 600 SL 555 (1 Week)

Thanks and Regards

S&P Wealth Creators

Market outlook for 31/05/2012

Nifty closed down 39.35 points (0.79%) at 4950.75 while Nifty Future closed at 4933.05, discount of 17.70 points.
Bank Nifty closed down 174.05 points (1.79%) at 9534.05 while Future closed at 9470.75, discount of 63.30 points.

• FII sold small in Cash (Net sell 10.74 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 1088.53 Crore)
• DII sold in Cash (Net sell 182.61 Crore)
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 4900 and 4800.
• Advance Decline for the day was 396:1036.

NIFTY TECHNICAL

Current Spot: 4950.75
Pivot: 4959
5DEMA: 4949
10DEMA: 4941
20DEMA: 4978
50DEMA: 5093
RSI (14 days): 43.85
Parabolic SAR: 4845
Supports: 4936 – 4922 – 4899
Resistance: 4974 – 4997 – 5011
CAM Support: 4947 – 4944 – 4940 – 4930
CAM Resistance: 4954 – 4958 – 4961 – 4971
NF VIX Range: 4881 – 4985

Nifty Future VWAP: 4943.03
MP Values Nifty Future: VAH – 4954, POC – 4945, VAL – 4936

TARGET NIFTY
Buy Nifty Future above 4945 – 5060 – 5075 – 5090 SL – 4937
Sell Nifty Future below 4926 – 4915 – 4900 – 4883 SL – 4944

BANKNIFTY TECHNICAL

Current Spot: 9534.05
Pivot: 9564
5DEMA: 9549
10DEMA: 9500
20DEMA: 9572
50DEMA: 9838
RSI (14 days): 46.32
Parabolic SAR: 9185
Supports: 9485 – 9436 – 9357
Resistance: 9613 – 9691 – 9741
CAM Support: 9522 – 9511 – 9499 – 9464
CAM Resistance: 9546 – 9558 – 9569 – 9604
Bank Nifty VIX Range: 9318 – 9623

Bank Nifty Future VWAP: 9512.82
MP Values Bank Nifty Future: VAH – 9543, POC – 9517, VAL – 9491

TARGET BANKNIFTY
Buy BankNifty Future above 9510 – 9560 – 9655 – 9725 SL – 9483
Sell BankNifty Future below 9457 – 9415 – 9350 – 9250 SL – 9508

INTRADAY TRADE
Reliance Industries: Buy above 708 for targets of 710, 715, 723 SL 702
Reliance Industries: Sell below 700 for targets of 698, 693, 686 SL 705
Indiabulls: Buy above 234 for targets of 237, 244 SL 231
Dredgecorp: Buy above 255 for targets of 258, 263 SL 251

SCORE SHEET
Pantaloonr: Buy above 159 for targets of 161, 165 SL 155: Call not active
Ajantpharm: Buy above 714 for targets of 721, 734 SL 701: Target 803.80 done

POSITIONAL TRADE
Ambujacem: Buy above 153 for target of 160 SL 149 (2-3 Days)
Skumarsynf: Buy above 32 for target of 35 SL 31 (1 Week)

Thanks and Regards

S&P Wealth Creators