Monday, April 16, 2012

Market outlook for 17/04/2012

Nifty closed up 18.75 points (0.36%) at 5226.20 while Nifty Future closed at 5248.45, premium of 22.25 points.
Bank Nifty closed up 126.45 points (1.23%) at 10432.70 while Future closed at 10487.60, premium of 54.90 points.
  • FII sold in Cash (Net sell 509.43 Crore)
  • FII sold in index future, index option but bought in stock future (Net sell 451.66 Crore)
  • DII bought in Cash (Net buy 218.23 Crore)
  • Most Active Nifty Call Option: 5200 and 5300.
  • Most Active Nifty Put Options: 5200 and 5100.
  • Advance Decline for the day was 821:619.
NIFTY TECHNICAL
Current Spot: 5226.20
Pivot: 5214
5DEMA: 5238
10DEMA: 5251
20DEMA: 5269
50DEMA: 5257
RSI (14 days): 46.64
Parabolic SAR: 5168
Supports: 5195 - 5164 - 5145
Resistance: 5245 - 5264 - 5295
CAM Support: 5222 - 5217 - 5212 - 5199
CAM Resistance: 5231 - 5235 - 5240 - 5254
NF VIX Range: 5183 - 5314
Nifty Future VWAP: 5227.42
MP Values Nifty Future: VAH - 5241, POC - 5222, VAL - 5203

TARGET NIFTY
Buy Nifty Future above 5252 - 5274 - 5300 - 5350 SL - 5227
Sell Nifty Future below 5222 - 5204 - 5156 - 5128 SL - 5242

BANKNIFTY TECHNICAL
Current Spot: 10432.70
Pivot: 10385
5DEMA: 10337
10DEMA: 10298
20DEMA: 10291
50DEMA: 10186
RSI (14 days): 54.18
Parabolic SAR: 9949
Supports: 10322 - 10211 - 10148
Resistance: 10496 - 10559 - 10670
CAM Support: 10417 - 10401 - 10385 - 10337
CAM Resistance: 10449 - 10465 - 10480 - 10528
Bank Nifty VIX Range: 10298 - 10677
Bank Nifty Future VWAP: 10432.72
MP Values Bank Nifty Future: VAH - 10461, POC - 10409, VAL - 10357

TARGET BANKNIFTY
Buy BankNifty Future above 10495 - 10570 - 10650 - 10800 SL - 10407
Sell BankNifty Future below 10397 - 10330 - 10170 - 10100 SL - 10438

INTRADAY TRADE
Reliance Industries: Buy above 750 for targets of 754, 760, 771 SL 744
Reliance Industries: Sell below 742 for targets of 738, 732, 723 SL 748
Gravita: Buy above 820 for targets of 832, 850 SL 799
Timken: Buy above 265 for targets of 269, 278 SL 259

SCORE SHEET
Maninfra: Buy above 212 for targets of 215, 220 SL 209: Target 220.80 done
Jswsteel: Buy above 745 for targets of 753, 764 SL 731: Target 759.90 done

POSITIONAL TRADE
TataMotors: Buy above 302 for target of 312 SL 296 (2-3 Days)
Jpassociat: Buy above 80 for target of 86 SL 78 (1 Week)

Thanks and Regards

S&P Wealth Creators

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