Market outlook for 25/04/2012

Nifty closed up 22.05 points (0.42%) at 5222.65 while Nifty Future closed at 5224.35, premium of 1.70 points.
Bank Nifty closed down 28.00 points (0.27%) at 10215.15 while Future closed at 10228.10, premium of 12.95 points.

• FII sold in Cash (Net sell 860.78 Crore)
• FII bought in stock future but sold in index future, index option (Net buy 89.88 Crore)
• DII bought in Cash (Net buy 419.08 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 641:780.

NIFTY TECHNICAL

Current Spot: 5222.65
Pivot: 5212
5DEMA: 5248
10DEMA: 5258
20DEMA: 5269
50DEMA: 5279
RSI (14 days): 46.08
Parabolic SAR: 5379
Supports: 5191 - 5160 - 5139
Resistance: 5243 - 5264 - 5295
CAM Support: 5218 - 5213 - 5208 - 5194
CAM Resistance: 5227 - 5232 - 5237 - 5251
NF VIX Range: 5161 - 5288

Nifty Future VWAP: 5213.83
MP Values Nifty Future: VAH - 5238, POC - 5222, VAL - 5205

TARGET NIFTY
Buy Nifty Future above 5228 - 5244 - 5265 - 5295 SL - 5211
Sell Nifty Future below 5209 - 5195 - 5170 - 5145 SL - 5221

BANKNIFTY TECHNICAL

Current Spot: 10215.15
Pivot: 10218
5DEMA: 10336
10DEMA: 10353
20DEMA: 10341
50DEMA: 10304
RSI (14 days): 46.45
Parabolic SAR: 10646
Supports: 10149 - 10082 - 10013
Resistance: 10285 - 10354 - 10421
CAM Support: 10203 - 10190 - 10178 - 10140
CAM Resistance: 10228 - 10240 - 10253 - 10290
Bank Nifty VIX Range: 10061 - 10395

Bank Nifty Future VWAP: 10240.95
MP Values Bank Nifty Future: VAH - 10278, POC - 10245, VAL - 10212

TARGET BANKNIFTY
Buy BankNifty Future above 10261 - 10335 - 10450 - 10545 SL - 10238
Sell BankNifty Future below 10213 - 10145 - 10055 - 9940 SL - 10258

INTRADAY TRADE
Reliance Industries: Buy above 737 for targets of 741, 747, 757 SL 731
Reliance Industries: Sell below 729 for targets of 725, 719, 709 SL 735
ManInfra: Buy above 225 for targets of 230, 240 SL 214
Wipro: Buy above 443 for targets of 447, 454 SL 437

SCORE SHEET
AsianPaint: Buy above 3480 for targets of 3515, 3565 SL 3431: SL Hit
Den: Buy above 102 for targets of 103.5, 105 SL 100.50: Target 104.50 done

POSITIONAL TRADE
BgrEnergy: Buy above 355 for target of 367 SL 348 (2-3 Days)
Voltas: Buy above 116 for target of 125 SL 113 (1 Week)

Thanks and Regards

S&P Wealth Creators