Market outlook for 20/04/2012

Nifty closed up 32.40 points (0.61%) at 5332.40 while Nifty Future closed at 5356.20, premium of 23.80 points.
Bank Nifty closed up 55.45 points (0.53%) at 10567.90 while Future closed at 10612.25, premium of 44.35 points.

• FII sold in Cash (Net sell 102.46 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 416.45 Crore)
• DII bought in Cash (Net buy 101.00 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 726:720.

NIFTY TECHNICAL

Current Spot: 5332.40
Pivot: 5322
5DEMA: 5291
10DEMA: 5278
20DEMA: 5280
50DEMA: 5275
RSI (14 days): 54.29
Parabolic SAR: 5180
Supports: 5302 - 5271 - 5251
Resistance: 5353 - 5373 - 5404
CAM Support: 5328 - 5323 - 5318 - 5304
CAM Resistance: 5337 - 5342 - 5346 - 5361
NF VIX Range: 5292 - 5420

Nifty Future VWAP: 5342.51
MP Values Nifty Future: VAH - 5361, POC - 5347, VAL - 5333

TARGET NIFTY
Buy Nifty Future above 5360 - 5375 - 5395 - 5425 SL - 5342
Sell Nifty Future below 5337 - 5325 - 5295 - 5275 SL - 5348

BANKNIFTY TECHNICAL

Current Spot: 10567.90
Pivot: 10534
5DEMA: 10480
10DEMA: 10406
20DEMA: 10355
50DEMA: 10246
RSI (14 days): 57.32
Parabolic SAR: 10066
Supports: 10473 - 10378 - 10316
Resistance: 10629 - 10690 - 10785
CAM Support: 10554 - 10539 - 10525 - 10482
CAM Resistance: 10582 - 10597 - 10611 - 10654
Bank Nifty VIX Range: 10436 - 10789

Bank Nifty Future VWAP: 10556.17
MP Values Bank Nifty Future: VAH - 10630, POC - 10582, VAL - 10534

TARGET BANKNIFTY
Buy BankNifty Future above 10620 - 10670 - 10740 - 10845 SL - 10568
Sell BankNifty Future below 10557 - 10512 - 10410 - 10340 SL - 10578

INTRADAY TRADE
Reliance Industries: Buy above 748 for targets of 750, 754, 761 SL 743
Reliance Industries: Sell below 738 for targets of 736, 732, 725 SL 747
Bfutilitie: Buy above 445 for targets of 450, 460 SL 437
Hdfcbank: Buy above 556 for targets of 559, 566 SL 549

SCORE SHEET
VstInd: Buy above 1960 for targets of 1985, 2015 SL 1935: Target 1990 done
Cairn: Buy above 351 for targets of 353, 358 SL 346: Target 354.90 done

POSITIONAL TRADE
Zensartech: Buy above 228 for target of 248 SL 216 (2-3 Days)
Tataglobal: Buy above 124 for target of 132 SL 121 (1 Week)

Thanks and Regards

S&P Wealth Creators