Market outlook for 18/02/11

Nifty closed up 64.75 points (1.18%) at 5546.45 while Nifty February Future closed at 5546.30 discount of 0.15 points
Bank Nifty closed up 174.00 points (1.59%) at 11134.70 while February Future closed at 11130.40 discount of 4.30 points.

• FII bought in Cash (Net buy 37.99 Crore)
• FII bought in stock future, index option and index future (Net buy 1397.40 Crore)
• DII bought in Cash (Net buy 244.40 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: 5500 and 5600.
• Most Active Nifty Feb Put Options: 5500 and 5400.
• Advance Decline for the day was 893:499

NIFTY TECHNICAL

Current Spot: 5546.45
Pivot: 5521
5DEMA: 5467
10DEMA: 5445
20DEMA: 5501
50DEMA: 5669
RSI (15 days): 48.89
Parabolic SAR: 5211
Supports: 5489 - 5431
Resistance: 5579 - 5611

Nifty Future VWAP: 5517.02
MP Values Futures: VAH - 5550, POC - 5540, VAL - 5500

TARGET NIFTY
Buy Nifty Future above 5550 - 5575 - 5606 - 5665 SL - 5516
Sell Nifty Future below 5510 - 5490 - 5432 - 5400 SL - 5522

BANKNIFTY TECHNICAL

Current Spot: 11134.70
Pivot: 11081
5DEMA: 10871
10DEMA: 10717
20DEMA: 10702
50DEMA: 11006
RSI (15 days): 57.58
Parabolic SAR: 10123
Supports: 10972 - 10809
Resistance: 11244 - 11353

Bank Nifty Future VWAP: 11061.53
MP Values Bank Nifty Futures: VAH - 11174, POC - 11128, VAL - 10987

TARGET BANKNIFTY
Buy BankNifty Future above 11139 - 11227 - 11329 - 11490 SL - 11066
Sell BankNifty Future below 11055 - 10975 - 10815 - 10713 SL - 11077

INTRADAY TRADE
Reliance Industries: Buy above 956 for targets of 958, 965, 978 SL 946
Reliance Industries: Sell below 944 for targets of 942, 933, 925 SL 951
Patelengg: Buy above 194 for targets of 196, 200 SL 190
TataGlobal: Buy above 102 for targets of 104, 107 SL 99

SCORE SHEET
Hindcopper: Buy above 305 for targets of 309, 316 SL 297: Call not activated
Uttamstl: Buy above 123 for targets of 125, 128 SL 119: SL Hit

POSITIONAL TRADE
Tanla: Buy above 22.2 for target of 24.2 SL 21.3 (One Week)
Ivrclinfra: Buy above 80 for target of 86 SL 78 (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