Thursday, April 12, 2012

Market outlook for 13/04/2012

Nifty closed up 50.00 points (0.96%) at 5276.85 while Nifty Future closed at 5290.65, premium of 13.80 points.
Bank Nifty closed up 186.45 points (1.83%) at 10400.70 while Future closed at 10425.65, premium of 24.95 points.
  • FII bought in Cash (Net buy 135.98 Crore)
  • FII bought in index future, index option, stock future (Net buy 401.76 Crore)
  • DII bought in Cash (Net buy 237.40 Crore)
  • Most Active Nifty Call Option: 5300 and 5400.
  • Most Active Nifty Put Options: 5300 and 5200.
  • Advance Decline for the day was 937:495.
NIFTY TECHNICAL
Current Spot: 5276.85
Pivot: 5271
5DEMA: 5262
10DEMA: 5268
20DEMA: 5281
50DEMA: 5257
RSI (14 days): 49.79
Parabolic SAR: 5159
Supports: 5252 - 5228 - 5208
Resistance: 5296 - 5315 - 5340
CAM Support: 5273 - 5269 - 5265 - 5253
CAM Resistance: 5281 - 5285 - 5289 - 5301
NF VIX Range: 5223 - 5359
Nifty Future VWAP: 5287.28
MP Values Nifty Future: VAH - 5297, POC - 5287, VAL - 5277

TARGET NIFTY
Buy Nifty Future above 5295 - 5310 - 5330 - 5360 SL - 5284
Sell Nifty Future below 5278 - 5265 - 5240 - 5220 SL - 5289

BANKNIFTY TECHNICAL
Current Spot: 10400.70
Pivot: 10361
5DEMA: 10280
10DEMA: 10259
20DEMA: 10273
50DEMA: 10170
RSI (14 days): 53.50
Parabolic SAR: 9909
Supports: 10290 - 10179 - 10108
Resistance: 10472 - 10544 - 10654
CAM Support: 10384 - 10367 - 10351 - 10301
CAM Resistance: 10417 - 10434 - 10451 - 10501
Bank Nifty VIX Range: 10232 - 10620
Bank Nifty Future VWAP: 10402.00
MP Values Bank Nifty Future: VAH - 10428, POC - 10380, VAL - 10332

TARGET BANKNIFTY
Buy BankNifty Future above 10433 - 10490 - 10560 - 10660 SL - 10392
Sell BankNifty Future below 10382 - 10330 - 10235 - 10160 SL - 10419

INTRADAY TRADE
Reliance Industries: Buy above 745 for targets of 747, 751, 758 SL 739
Reliance Industries: Sell below 737 for targets of 735, 731, 724 SL 743
Max: Buy above 207 for targets of 210, 216 SL 200
Rushil: Buy above 253 for targets of 257, 264 SL 247

SCORE SHEET
Finantech: Buy above 750 for targets of 760, 778 SL 737: Target 783.60 done
Riil: Buy above 446 for targets of 452, 462 SL 440: Target 464.00 done

POSITIONAL TRADE
DenaBank: Buy above 100 for target of 103 SL 99 (2-3 Days)
NCC: Buy above 57 for target of 62 SL 55 (1 Week)

Thanks and Regards

S&P Wealth Creators

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