Market outlook for 18/04/2012

Nifty closed up 63.50 points (1.22%) at 5289.70 while Nifty Future closed at 5319.60, premium of 29.90 points.
Bank Nifty closed up 86.85 points (0.83%) at 10519.55 while Future closed at 10573.35, premium of 53.80 points.

• FII bought in Cash (Net buy 441.15 Crore)
• FII bought in index future but sold in stock future, index option (Net buy 297.61 Crore)
• DII sold in Cash (Net sell 213.21 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 865:567.

NIFTY TECHNICAL

Current Spot: 5289.70
Pivot: 5265
5DEMA: 5255
10DEMA: 5258
20DEMA: 5271
50DEMA: 5266
RSI (14 days): 51.21
Parabolic SAR: 5172
Supports: 5233 - 5176 - 5143
Resistance: 5322 - 5355 - 5412
CAM Support: 5281 - 5273 - 5265 - 5240
CAM Resistance: 5298 - 5306 - 5314 - 5339
NF VIX Range: 5253 - 5387

Nifty Future VWAP: 5280.54
MP Values Nifty Future: VAH - 5303, POC - 5271, VAL - 5239

TARGET NIFTY
Buy Nifty Future above 5324 - 5354 - 5390 - 5455 SL - 5286
Sell Nifty Future below 5281 - 5255 - 5190 - 5155 SL - 5299

BANKNIFTY TECHNICAL

Current Spot: 10519.55
Pivot: 10463
5DEMA: 10398
10DEMA: 10338
20DEMA: 10313
50DEMA: 10209
RSI (14 days): 56.15
Parabolic SAR: 9976
Supports: 10305 - 10090 - 9931
Resistance: 10678 - 10837 - 11051
CAM Support: 10485 - 10451 - 10417 - 10314
CAM Resistance: 10554 - 10588 - 10622 - 10725
Bank Nifty VIX Range: 10387 - 10759

Bank Nifty Future VWAP: 10501.57
MP Values Bank Nifty Future: VAH - 10587, POC - 10491, VAL - 10395

TARGET BANKNIFTY
Buy BankNifty Future above 10581 - 10700 - 10850 - 11050 SL - 10491
Sell BankNifty Future below 10480 - 10340 - 10100 - 9940 SL - 10518

INTRADAY TRADE
Reliance Industries: Buy above 751 for targets of 754, 759, 767 SL 745
Reliance Industries: Sell below 743 for targets of 740, 735, 727 SL 749
Apil: Buy above 387 for targets of 392, 399 SL 379
Pantaloonr: Buy above 177 for targets of 179, 184 SL 173

SCORE SHEET
Gravita: Buy above 820 for targets of 832, 850 SL 799: Target 877.00 done
Timken: Buy above 265 for targets of 269, 278 SL 259: Target 269.00 done

POSITIONAL TRADE
Hdil: Buy above 91 for target of 94 SL 89 (2-3 Days)
Eveready: Buy above 24.5 for target of 27 SL 23.8 (1 Week)

Thanks and Regards

S&P Wealth Creators