Market outlook for 15/02/11

Nifty closed up 146.00 points (2.75%) at 5456.00 while Nifty February Future closed at 5455.65 discount of 0.35 points
Bank Nifty closed up 354.80 points (3.40%) at 10802.55 while February Future closed at 10792.10 discount of 10.45 points.

• FII bought in Cash (Net buy 147.64 Crore)
• FII bought in index future, index option and stock future (Net buy 2579.79 Crore)
• DII bought in Cash (Net buy 109.02 Crore)
• US market is trading flat to negative.
• Global cues are flat.
• SGX nifty is negative as of now.
• Most Active Nifty Feb Call Option: 5400 and 5500.
• Most Active Nifty Feb Put Options: 5400 and 5300.
• Advance Decline for the day was 1310:107

NIFTY TECHNICAL

Current Spot: 5456.00
Pivot: 5420
5DEMA: 5359
10DEMA: 5394
20DEMA: 5500
50DEMA: 5700
RSI (15 days): 42.98
Parabolic SAR: 5178
Supports: 5376 - 5296
Resistance: 5500 - 5544

Nifty Future VWAP: 5412.35
MP Values Futures: VAH - 5464, POC - 5428, VAL - 5392

TARGET NIFTY
Buy Nifty Future above 5460 - 5501 - 5549 - 5632 SL - 5417
Sell Nifty Future below 5412 - 5375 - 5291 - 5243 SL - 5422

BANKNIFTY TECHNICAL

Current Spot: 10802.55
Pivot: 10699
5DEMA: 10464
10DEMA: 10459
20DEMA: 10590
50DEMA: 11042
RSI (15 days): 51.16
Parabolic SAR: 10018
Supports: 10582 - 10361
Resistance: 10920 - 11037

Bank Nifty Future VWAP: 10696.78
MP Values Bank Nifty Futures: VAH - 10808, POC - 10770, VAL - 10606

TARGET BANKNIFTY
Buy BankNifty Future above 10800 - 10902 - 11017 - 11230 SL - 10689
Sell BankNifty Future below 10678 - 10584 - 10371 - 10256 SL - 10699

INTRADAY TRADE
Reliance Industries: Buy above 917 for targets of 922, 931, 946 SL 907
Reliance Industries: Sell below 904 for targets of 901, 889, 878 SL 911
TataSteel: Buy above 624 for targets of 627, 635 SL 613
Yesbank: Buy above 249 for targets of 252, 258 SL 244

SCORE SHEET
Gitanjali: Buy above 228 for targets of 232, 238 SL 221: Target 250.00 achieved
Relinfra: Buy above 620 for targets of 629, 645 SL 601: Target 641.25 achieved

POSITIONAL TRADE
HDIL: Buy above 148 for target of 155 SL 144 (One Week)
Apollotyre: Buy above 56 for target of 59 SL 54 (One Week)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators