Market outlook for 16/02/11

Nifty closed up 25.00 points (0.46%) at 5481.00 while Nifty February Future closed at 5476.10 discount of 4.90 points
Bank Nifty closed up 157.15 points (1.45%) at 10959.70 while February Future closed at 10936.00 discount of 23.70 points.

• FII bought in Cash (Net buy 233.05 Crore)
• FII bought in stock future, index option and sold in index future (Net buy 23.54 Crore)
• DII sold in Cash (Net sell 167.85 Crore)
• US market is trading flat to Negative.
• Global cues are flat to negative.
• SGX nifty is flat as of now.
• Most Active Nifty Feb Call Option: 5400 and 5500.
• Most Active Nifty Feb Put Options: 5500 and 5400.
• Advance Decline for the day was 749:629

NIFTY TECHNICAL

Current Spot: 5481.00
Pivot: 5465
5DEMA: 5399
10DEMA: 5410
20DEMA: 5498
50DEMA: 5691
RSI (15 days): 44.52
Parabolic SAR: 5184
Supports: 5424 - 5367
Resistance: 5522 - 5563

Nifty Future VWAP: 5455.82
MP Values Futures: VAH - 5482, POC - 5454, VAL - 5426

TARGET NIFTY
Buy Nifty Future above 5480 - 5518 - 5563 - 5625 SL - 5456
Sell Nifty Future below 5451 - 5417 - 5355 - 5311 SL - 5462

BANKNIFTY TECHNICAL

Current Spot: 10959.70
Pivot: 10906
5DEMA: 10629
10DEMA: 10550
20DEMA: 10625
50DEMA: 11039
RSI (15 days): 54.09
Parabolic SAR: 10038
Supports: 10777 - 10593
Resistance: 11089 - 11218

Bank Nifty Future VWAP: 10883.55
MP Values Bank Nifty Futures: VAH - 11010, POC - 10930, VAL - 10816

TARGET BANKNIFTY
Buy BankNifty Future above 10944 - 11060 - 11189 - 11374 SL - 10875
Sell BankNifty Future below 10864 - 10757 - 10572 - 10443 SL - 10886

INTRADAY TRADE
Reliance Industries: Buy above 944 for targets of 948, 954, 964 SL 930
Reliance Industries: Sell below 928 for targets of 925, 918, 901 SL 935
JaicorpLtd: Buy above 169 for targets of 172, 176 SL 163
RIIL: Buy above 605 for targets of 614, 628 SL 590

SCORE SHEET
TataSteel: Buy above 624 for targets of 627, 635 SL 613: Target 627.00 achieved
Yesbank: Buy above 269 for targets of 272, 278 SL 244: Target 278.80 achieved

POSITIONAL TRADE
RelMedia: Buy above 162 for target of 183 SL 155 (One Week)
Aptecht: Buy above 108 for target of 118 SL 103 (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