Market outlook for 15/05/2012

Nifty closed down 21.10 points (0.43%) at 4907.80 while Nifty Future closed at 4888.25, discount of 19.55 points.
Bank Nifty closed down 140.45 points (1.49%) at 9257.65 while Future closed at 9179.70, discount of 77.95 points.

• FII bought in Cash (Net buy 355.10 Crore)
• FII sold in index future but bought in stock future (Net sell 35.23 Crore)
• DII sold in Cash (Net sell 145.05 Crore)
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 4900 and 4800.
• Advance Decline for the day was 435:993.

NIFTY TECHNICAL

Current Spot: 4907.80
Pivot: 4913
5DEMA: 4966
10DEMA: 5033
20DEMA: 5111
50DEMA: 5215
RSI (14 days): 27.69
Parabolic SAR: 5108
Supports: 4869 - 4830 - 4786
Resistance: 4952 - 4996 - 5035
CAM Support: 4900 - 4893 - 4885 - 4862
CAM Resistance: 4915 - 4923 - 4931 - 4953
NF VIX Range: 4834 - 4942

Nifty Future VWAP: 4907.38
MP Values Nifty Future: VAH - 4927, POC - 4891, VAL - 4869

TARGET NIFTY
Buy Nifty Future above 4905 - 4935 - 4980 - 5020 SL - 4889
Sell Nifty Future below 4881 - 4855 - 4820 - 4770 SL - 4904

BANKNIFTY TECHNICAL

Current Spot: 9257.65
Pivot: 9316
5DEMA: 9447
10DEMA: 9651
20DEMA: 9881
50DEMA: 10141
RSI (14 days): 26.58
Parabolic SAR: 9989
Supports: 9132 - 9007 - 8824
Resistance: 9441 - 9624 - 9749
CAM Support: 9229 - 9201 - 9173 - 9088
CAM Resistance: 9286 - 9314 - 9342 - 9427
Bank Nifty VIX Range: 9030 - 9330

Bank Nifty Future VWAP: 9286.13
MP Values Bank Nifty Future: VAH - 9348, POC - 9249, VAL - 9150

TARGET BANKNIFTY
Buy BankNifty Future above 9261 - 9370 - 9530 - 9655 SL - 9233
Sell BankNifty Future below 9166 - 9065 - 8950 - 8800 SL - 9258

INTRADAY TRADE
Reliance Industries: Buy above 691 for targets of 695, 702, 713 SL 686
Reliance Industries: Sell below 679 for targets of 675, 668, 655 SL 689
Mcdowell-n: Buy above 633 for targets of 638, 648 SL 624
MindTree: Buy above 606 for targets of 612, 622 SL 595

SCORE SHEET
Jublifood: Buy above 1135 for targets of 1150, 1175 SL 1105: Target 1175.00 done
TataMotors: Buy above 299 for targets of 303, 308 SL 294: SL Hit

POSITIONAL TRADE
IndiaBulls: Buy above 218 for target of 228 SL 215 (2-3 Days)
Tulip: Buy above 83.5 for target of 90 SL 82 (1 Week)

Thanks and Regards

S&P Wealth Creators