Market outlook for 14/05/2012

Nifty closed down 36.80 points (0.74%) at 4928.90 while Nifty Future closed at 4931.35, premium of 2.45 points.
Bank Nifty closed down 12.80 points (0.14%) at 9398.10 while Future closed at 9379.35, discount of 18.75 points.

• FII bought in Cash (Net buy 158.56 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 64.40 Crore)
• DII sold in Cash (Net sell 243.29 Crore)
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 4900 and 4800.
• Advance Decline for the day was 429:1009.

NIFTY TECHNICAL

Current Spot: 4928.90
Pivot: 4937
5DEMA: 4995
10DEMA: 5061
20DEMA: 5132
50DEMA: 5225
RSI (14 days): 28.79
Parabolic SAR: 5153
Supports: 4898 - 4867 - 4828
Resistance: 4968 - 5007 - 5038
CAM Support: 4922 - 4916 - 4910 - 4890
CAM Resistance: 4935 - 4942 - 4948 - 4967
NF VIX Range: 4876 - 4986

Nifty Future VWAP: 4934.18
MP Values Nifty Future: VAH - 4978, POC - 4947, VAL - 4916

TARGET NIFTY
Buy Nifty Future above 4966 - 5020 - 5105 - 5170 SL - 4953
Sell Nifty Future below 4926 - 4875 - 4815 - 4730 SL - 4965

BANKNIFTY TECHNICAL

Current Spot: 9398.10
Pivot: 9523
5DEMA: 9541
10DEMA: 9738
20DEMA: 9946
50DEMA: 10170
RSI (14 days): 29.12
Parabolic SAR: 10098
Supports: 9473 - 9402 - 9353
Resistance: 9594 - 9643 - 9714
CAM Support: 9533 - 9522 - 9511 - 9478
CAM Resistance: 9555 - 9566 - 9577 - 9610
Bank Nifty VIX Range: 9230 - 9529

Bank Nifty Future VWAP: 9363.54
MP Values Bank Nifty Future: VAH - 9411, POC - 9325, VAL - 9252

TARGET BANKNIFTY
Buy BankNifty Future above 9387 - 9500 - 9630 - 9755 SL - 9363
Sell BankNifty Future below 9361 - 9260 - 9135 - 9005 SL - 9385

INTRADAY TRADE
Reliance Industries: Buy above 699 for targets of 702, 708, 717 SL 694
Reliance Industries: Sell below 693 for targets of 690, 684, 675 SL 698
Jublifood: Buy above 1135 for targets of 1150, 1175 SL 1105
TataMotors: Buy above 299 for targets of 303, 308 SL 294

SCORE SHEET
Cairn: Buy above 321 for targets of 324, 330 SL 317: Target 326.40 done
AxisBank: Buy above 985 for targets of 993, 1008 SL 977: Target 1009.00 done

POSITIONAL TRADE
Pidilitind: Buy above 178 for target of 185 SL 176 (2-3 Days)
Bergerpaint: Buy above 130 for target of 137 SL 128 (1 Week)

Thanks and Regards

S&P Wealth Creators