Market outlook for 21/02/11

Nifty closed down 87.50 points (1.58%) at 5458.95 while Nifty February Future closed at 5453.65 discount of 5.30 points
Bank Nifty closed down 185.00 points (1.66%) at 10949.70 while February Future closed at 10927.00 discount of 22.70 points.

• FII bought in Cash (Net buy 207.67 Crore)
• FII bought in stock future, index option and index future (Net buy 1260.27 Crore)
• DII sold in Cash (Net sell 189.14 Crore)
• US market ended 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 261:1148

NIFTY TECHNICAL

Current Spot: 5458.95
Pivot: 5500
5DEMA: 5464
10DEMA: 5448
20DEMA: 5497
50DEMA: 5652
RSI (15 days): 44.31
Parabolic SAR: 5235
Supports: 5401 - 5343
Resistance: 5558 - 5657

Nifty Future VWAP: 5520.73
MP Values Futures: VAH - 5562, POC - 5513, VAL - 5464

TARGET NIFTY
Buy Nifty Future above 5497 - 5547 - 5643 - 5700 SL - 5490
Sell Nifty Future below 5445 - 5400 - 5343 - 5247 SL - 5496

BANKNIFTY TECHNICAL

Current Spot: 10949.70
Pivot: 11055
5DEMA: 10898
10DEMA: 10760
20DEMA: 10725
50DEMA: 10984
RSI (15 days): 53.41
Parabolic SAR: 10193
Supports: 10810 - 10670
Resistance: 11195 - 11440

Bank Nifty Future VWAP: 11085.14
MP Values Bank Nifty Futures: VAH - 11184, POC - 11067, VAL - 10950

TARGET BANKNIFTY
Buy BankNifty Future above 11037 - 11172 - 11422 - 11571 SL - 11014
Sell BankNifty Future below 10911 - 10784 - 10636 - 10386 SL - 11035

INTRADAY TRADE
Reliance Industries: Buy above 948 for targets of 953, 960, 972 SL 941
Reliance Industries: Sell below 931 for targets of 927, 922, 915 SL 946
StcIndia: Buy above 273 for targets of 277, 288 SL 267
TataChem: Buy above 330 for targets of 332, 337 SL 326

SCORE SHEET
Patelengg: Buy above 194 for targets of 196, 200 SL 190: Target 198.8 achieved
TataGlobal: Buy above 102 for targets of 104, 107 SL 99: Call not activated

POSITIONAL TRADE
HindCopper: Buy above 327 for target of 349 SL 317 (One Week)
Adhunik: Buy above 106 for target of 114 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