Market outlook for 15/04/11

Nifty closed up 125.80 points (2.17%) at 5911.50 while Nifty April Future closed at 5938.10 premium of 26.60 points.
Bank Nifty closed up 241.70 points (2.08%) at 11839.50 while April Future closed at 11903.10 premium of 63.60 points.

• FII bought in Cash (Net buy 25.60 Crore)
• FII sold in index future, stock future but bought in stock option (Net sell 944.11 Crore)
• DII sold small in Cash (Net sell 4.80 Crore)
• US market is trading flat to negative.
• Global cues are flat to negative.
• SGX nifty is negative as of now.
• Most Active Nifty April Call Option: 5900 and 6000.
• Most Active Nifty April Put Options: 5800 and 5700.
• Advance Decline for the day was 1058:352.

NIFTY TECHNICAL

Current Spot: 5911.50
Pivot: 5857
5DEMA: 5861
10DEMA: 5823
20DEMA: 5736
50DEMA: 5638
RSI (15 days): 64.96
Parabolic SAR: 5944
Supports: 5790 - 5669
Resistance: 5978 - 6045
DeMark’s: 5824 - 6012

Nifty Future VWAP: 5866.53
MP Values Futures: VAH - 5948, POC - 5918, VAL - 5812

TARGET NIFTY
Buy Nifty Future above 5943 - 6002 - 6071 - 6190 SL - 5876
Sell Nifty Future below 5870 - 5815 - 5685 - 5615 SL - 5889

BANKNIFTY TECHNICAL

Current Spot: 11839.50
Pivot: 11729
5DEMA: 11727
10DEMA: 11652
20DEMA: 11459
50DEMA: 11133
RSI (15 days): 64.54
Parabolic SAR: 11430
Supports: 11601 - 11363
Resistance: 11967 - 12095
DeMark’s: 11665 - 12031

Bank Nifty Future VWAP: 11768.55
MP Values Bank Nifty Futures: VAH - 11888, POC - 11762, VAL - 11636

TARGET BANKNIFTY
Buy BankNifty Future above 11912 - 12030 - 12165 - 12410 SL - 11778
Sell BankNifty Future below 11766 - 11656 - 10406 - 11280 SL - 11796

INTRADAY TRADE
Reliance Industries: Buy above 1024 for targets of 1026, 1030, 1039 SL 1012
Reliance Industries: Sell below 1009 for targets of 1007, 1000, 989 SL 1017
MLL: Buy above 44 for targets of 45, 46.1 SL 43
Strtech: Buy above 68.6 for targets of 70, 71.4 SL 66.2

SCORE SHEET
Marico: Buy above 150 for targets of 152, 155 SL 147: Call not activated
SesaGoa: Buy above 321 for targets of 323, 327 SL 318: Target 323.70 achieved

POSITIONAL TRADE
AmbujaCem: Buy above 153.5 for targets of 161 SL 150 (One Week)
JpAssociat: Buy above 98 for targets of 104 SL 95 (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