Market outlook for 21/05/2012

Nifty closed up 21.25 points (0.44%) at 4891.45 while Nifty Future closed at 4888.95, discount of 2.50 points.
Bank Nifty closed up 156.05 points (1.70%) at 9310.25 while Future closed at 9256.80, discount of 53.45 points.

• FII sold in Cash (Net sell 248.93 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 459.64 Crore)
• DII bought in Cash (Net buy 148.94 Crore)
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 4800 and 4700.
• Advance Decline for the day was 609:822.

NIFTY TECHNICAL

Current Spot: 4891.45
Pivot: 4863
5DEMA: 4902
10DEMA: 4953
20DEMA: 5038
50DEMA: 5181
RSI (14 days): 31.27
Parabolic SAR: 4932
Supports: 4817 - 4743 - 4698
Resistance: 4937 - 4983 - 5057
CAM Support: 4880 - 4870 - 4859 - 4826
CAM Resistance: 4902 - 4913 - 4924 - 4957
NF VIX Range: 4835 - 4943

Nifty Future VWAP: 4827.86
MP Values Nifty Future: VAH - 4858, POC - 4791, VAL - 4768

TARGET NIFTY
Buy Nifty Future above 4893 - 4935 - 4940 - 4985 SL - 4851
Sell Nifty Future below 4847 - 4810 - 4720 - 4670 SL - 4863

BANKNIFTY TECHNICAL

Current Spot: 9310.25
Pivot: 9223
5DEMA: 9282
10DEMA: 9423
20DEMA: 9669
50DEMA: 10055
RSI (14 days): 33.14
Parabolic SAR: 9408
Supports: 9082 - 8854 - 8713
Resistance: 9452 - 9593 - 9821
CAM Support: 9276 - 9243 - 9209 - 9107
CAM Resistance: 9344 - 9378 - 9412 - 9513
Bank Nifty VIX Range: 9109 - 9405

Bank Nifty Future VWAP: 9093.92
MP Values Bank Nifty Future: VAH - 9169, POC - 8988, VAL - 8926

TARGET BANKNIFTY
Buy BankNifty Future above 9264 - 9400 - 9550 - 9780 SL - 9163
Sell BankNifty Future below 9153 - 9030 - 8780 - 8630 SL - 9172

INTRADAY TRADE
Reliance Industries: Buy above 690 for targets of 694, 700, 712 SL 684
Reliance Industries: Sell below 683 for targets of 679, 673, 661 SL 688
Jetairways: Buy above 307 for targets of 311, 320 SL 299
SesaGoa: Buy above 195 for targets of 198, 205 SL 190

SCORE SHEET
Everonn: Buy above 212 for targets of 215, 220 SL 207: Call not active
Itc: Buy above 235 for targets of 238, 241 SL 233: Target 241.00 done

POSITIONAL TRADE
Idfc: Buy above 119 for target of 126 SL 116 (2-3 Days)
Ster: Buy above 101 for target of 110 SL 98 (1 Week)

Thanks and Regards

S&P Wealth Creators