Market outlook for 17/02/11

Nifty closed up 0.70 points (0.01%) at 5481.70 while Nifty February Future closed at 5485.25 premium of 3.55 points
Bank Nifty closed up 1.00 points (0.01%) at 10960.70 while February Future closed at 10966.25 premium of 5.55 points.

• FII sold in Cash (Net sell 230.06 Crore)
• FII bought in stock future, index option and index future (Net buy 816.63 Crore)
• DII sold in Cash (Net sell 68.49 Crore)
• US market is trading flat to Positive.
• Global cues are flat to positive.
• SGX nifty is flat as of now.
• Most Active Nifty Feb Call Option: 5500 and 5600.
• Most Active Nifty Feb Put Options: 5500 and 5400.
• Advance Decline for the day was 849:533

NIFTY TECHNICAL

Current Spot: 5481.70
Pivot: 5482
5DEMA: 5427
10DEMA: 5423
20DEMA: 5496
50DEMA: 5673
RSI (15 days): 44.81
Parabolic SAR: 5197
Supports: 5460 - 5438
Resistance: 5504 - 5527

Nifty Future VWAP: 5483.68
MP Values Futures: VAH - 5495, POC - 5484, VAL - 5473

TARGET NIFTY
Buy Nifty Future above 5489 - 5507 - 5531 - 5556 SL - 5479
Sell Nifty Future below 5476 - 5463 - 5437 - 5413 SL - 5487

BANKNIFTY TECHNICAL

Current Spot: 10960.70
Pivot: 10965
5DEMA: 10740
10DEMA: 10624
20DEMA: 10657
50DEMA: 11018
RSI (15 days): 54.24
Parabolic SAR: 10078
Supports: 10905 - 10849
Resistance: 11020 - 11080

Bank Nifty Future VWAP: 10953.11
MP Values Bank Nifty Futures: VAH - 10978, POC - 10952, VAL - 10926

TARGET BANKNIFTY
Buy BankNifty Future above 10974 - 11014 - 11067 - 11131 SL - 10949
Sell BankNifty Future below 10938 - 10907 - 10842 - 10789 SL - 10960

INTRADAY TRADE
Reliance Industries: Buy above 949 for targets of 951, 955, 961 SL 942
Reliance Industries: Sell below 939 for targets of 937, 933, 928 SL 947
Hindcopper: Buy above 305 for targets of 309, 316 SL 297
Uttamstl: Buy above 123 for targets of 125, 128 SL 119

SCORE SHEET
JaicorpLtd: Buy above 169 for targets of 172, 176 SL 163: Target 176.70 achieved
RIIL: Buy above 605 for targets of 614, 628 SL 590: Target 642.00 achieved

POSITIONAL TRADE
Jisljaleqs: Buy above 218 for target of 229 SL 210 (One Week)
JindalPoly: Buy above 498 for target of 529 SL 484 (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