Market outlook for 24/04/2012

Nifty closed down 90.25 points (1.71%) at 5200.60 while Nifty Future closed at 5198.60, discount of 2.00 points.
Bank Nifty closed down 213.35 points (2.04%) at 10243.15 while Future closed at 10237.70, discount of 5.45 points.

• FII sold in Cash (Net sell 407.49 Crore)
• FII sold in index future, stock future but bought in index option (Net sold 110.64 Crore)
• DII bought in Cash (Net buy 451.70 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 336:1120.

NIFTY TECHNICAL

Current Spot: 5200.60
Pivot: 5233
5DEMA: 5261
10DEMA: 5266
20DEMA: 5273
50DEMA: 5275
RSI (14 days): 44.40
Parabolic SAR: 5187
Supports: 5155 - 5109 - 5032
Resistance: 5278 - 5356 - 5402
CAM Support: 5189 - 5178 - 5167 - 5133
CAM Resistance: 5212 - 5223 - 5235 - 5268
NF VIX Range: 5134 - 5263

Nifty Future VWAP: 5249.90
MP Values Nifty Future: VAH - 5275, POC - 5227, VAL - 5185

TARGET NIFTY
Buy Nifty Future above 5236 - 5279 - 5360 - 5405 SL - 5219
Sell Nifty Future below 5191 - 5152 - 5105 - 5020 SL - 5234

BANKNIFTY TECHNICAL

Current Spot: 10243.15
Pivot: 10324
5DEMA: 10396
10DEMA: 10384
20DEMA: 10354
50DEMA: 10280
RSI (14 days): 47.43
Parabolic SAR: 10155
Supports: 10126 - 10009 - 9812
Resistance: 10441 - 10638 - 10755
CAM Support: 10214 - 10185 - 10157 - 10070
CAM Resistance: 10272 - 10301 - 10330 - 10416
Bank Nifty VIX Range: 10065 - 1041

Bank Nifty Future VWAP: 10366.76
MP Values Bank Nifty Future: VAH - 10447, POC - 10318, VAL - 10211

TARGET BANKNIFTY
Buy BankNifty Future above 10334 - 10430 - 10640 - 10750 SL - 10312
Sell BankNifty Future below 10222 - 10130 - 10020 - 9850 SL - 10332

INTRADAY TRADE
Reliance Industries: Buy above 738 for targets of 741, 746, 756 SL 734
Reliance Industries: Sell below 732 for targets of 729, 724, 714 SL 737
AsianPaint: Buy above 3480 for targets of 3515, 3565 SL 3431
Den: Buy above 102 for targets of 103.5, 105 SL 100.50

SCORE SHEET
Gitanjali: Buy above 336 for targets of 340, 345 SL 331: SL Hit
HindPetro: Buy above 306 for targets of 309, 315 SL 302: SL Hit

POSITIONAL TRADE
Ttkprestig: Buy above 3580 for target of 3685 SL 3530 (2-3 Days)
Appaper: Buy above 312 for target of 343 SL 294 (1 Week)

Thanks and Regards

S&P Wealth Creators