Thursday, May 17, 2012

Market outlook for 18/05/2012

Nifty closed up 11.95 points (0.25%) at 4870.20 while Nifty Future closed at 4852.30, discount of 17.90 points.
Bank Nifty closed down 10.05 points (0.11%) at 9154.20 while Future closed at 9085.60, discount of 68.60 points.
  • FII sold in Cash (Net sell 9.67 Crore)
  • FII bought in index option, stock future but sold in index future (Net buy 372.15 Crore)
  • DII bought in Cash (Net buy 254.15 Crore)
  • Most Active Nifty Call Option: 4900 and 5000.
  • Most Active Nifty Put Options: 4900 and 4800.
  • Advance Decline for the day was 728:703.
NIFTY TECHNICAL
Current Spot: 4870.20
Pivot: 4881
5DEMA: 4907
10DEMA: 4966
20DEMA: 5053
50DEMA: 5189
RSI (14 days): 28.70
Parabolic SAR: 4968
Supports: 4840 - 4809 - 4767
Resistance: 4912 - 4953 - 4984
CAM Support: 4864 - 4857 - 4850 - 4831
CAM Resistance: 4877 - 4883 - 4890 - 4910
NF VIX Range: 4798 - 4907
Nifty Future VWAP: 4870.74
MP Values Nifty Future: VAH - 4884, POC - 4856, VAL - 4832

TARGET NIFTY
Buy Nifty Future above 4868 - 4895 - 4940 - 4975 SL - 4859
Sell Nifty Future below 4845 - 4820 - 4790 - 4745 SL - 4867

BANKNIFTY TECHNICAL
Current Spot: 9154.20
Pivot: 9199
5DEMA: 9268
10DEMA: 9448
20DEMA: 9707
50DEMA: 10077
RSI (14 days): 25.87
Parabolic SAR: 9511
Supports: 9069 - 8984 - 8854
Resistance: 9284 - 9414 - 9499
CAM Support: 9135 - 9115 - 9095 - 9036
CAM Resistance: 9174 - 9194 - 9213 - 9272
Bank Nifty VIX Range: 8942 - 9229
Bank Nifty Future VWAP: 9167.27
MP Values Bank Nifty Future: VAH - 9225, POC - 9159, VAL - 9093

TARGET BANKNIFTY
Buy BankNifty Future above 9143 - 9220 - 9365 - 9450 SL - 9119
Sell BankNifty Future below 9072 - 9000 - 8895 - 8800 SL - 9141

INTRADAY TRADE
Reliance Industries: Buy above 687 for targets of 689, 693, 700 SL 683
Reliance Industries: Sell below 681 for targets of 679, 675, 668 SL 686
Everonn: Buy above 212 for targets of 215, 220 SL 207
Itc: Buy above 235 for targets of 238, 241 SL 233

SCORE SHEET
Bpcl: Buy above 757 for targets of 765, 780 SL 748: Call not active
Cairn: Buy above 322 for targets of 326, 333 SL 319: Target 326.50 done

POSITIONAL TRADE
Mcleodruss: Buy above 276 for target of 284 SL 273 (2-3 Days)
Pfc: Buy above 147 for target of 154 SL 145 (1 Week)

Thanks and Regards

S&P Wealth Creators

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