Market outlook for 13/04/11

Nifty closed down 56.30 points (0.96%) at 5785.70 while Nifty April Future closed at 5803.65 premium of 17.95 points.
Bank Nifty closed down 75.45 points (0.65%) at 11597.80 while April Future closed at 11629.55 premium of 31.75 points.

• FII sold in Cash (Net sell 691.22 Crore)
• FII sold in index future, stock future but bought in stock option (Net sell 985.08 Crore)
• DII bought in Cash (Net buy 263.81 Crore)
• US market is trading flat to negative.
• Global cues are flat to negative.
• SGX nifty is flat to negative as of now.
• Most Active Nifty April Call Option: 5800 and 5900.
• Most Active Nifty April Put Options: 5800 and 5700.
• Advance Decline for the day was 430:966.

NIFTY TECHNICAL

Current Spot: 5785.70
Pivot: 5798
5DEMA: 5835
10DEMA: 5804
20DEMA: 5718
50DEMA: 5627
RSI (15 days): 58.40
Parabolic SAR: 5755
Supports: 5766 - 5746
Resistance: 5818 - 5850
DeMark’s: 5756 - 5809

Nifty Future VWAP: 5817.61
MP Values Futures: VAH - 5828, POC - 5814, VAL - 5800

TARGET NIFTY
Buy Nifty Future above 5821 - 5833 - 5865 - 5885 SL - 5809
Sell Nifty Future below 5795 - 5787 - 5767 - 5735 SL - 5819

BANKNIFTY TECHNICAL

Current Spot: 11597.80
Pivot: 11596
5DEMA: 11671
10DEMA: 11610
20DEMA: 11420
50DEMA: 11115
RSI (15 days): 59.15
Parabolic SAR: 11366
Supports: 11554 - 11510
Resistance: 11639 - 11681
DeMark’s: 11574 - 11660

Bank Nifty Future VWAP: 11631.04
MP Values Bank Nifty Futures: VAH - 11662, POC - 11640, VAL - 11618

TARGET BANKNIFTY
Buy BankNifty Future above 11649 - 11684 - 11744 - 11794 SL - 11629
Sell BankNifty Future below 11612 - 11586 - 10536 - 11476 SL - 11646

INTRADAY TRADE
Reliance Industries: Buy above 1014 for targets of 1016, 1022, 1029 SL 1007
Reliance Industries: Sell below 1000 for targets of 998, 995, 988 SL 1011
Marico: Buy above 150 for targets of 152, 155 SL 147
SesaGoa: Buy above 321 for targets of 323, 327 SL 318

SCORE SHEET
Bhusanstl: Buy above 481 for targets of 485, 492 SL 473: Target 497.00 achieved
IndiaBulls: Buy above 166 for targets of 167, 169 SL 164: Target 166.70 achieved

POSITIONAL TRADE
Polaris: Buy above 210 for target of 223 SL 205 (One Week)
Dbrealty: Buy above 114 for target of 123 SL 111 (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