Market outlook for 22/05/2012

Nifty closed up 14.60 points (0.30%) at 4906.05 while Nifty Future closed at 4893.90, discount of 12.15 points.
Bank Nifty closed up 101.75 points (1.09%) at 9412.00 while Future closed at 9337.35, discount of 74.65 points.

• FII sold in Cash (Net sell 79.59 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 92.62 Crore)
• DII bought in Cash (Net buy 149.20 Crore)
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 4900 and 4800.
• Advance Decline for the day was 926:495.

NIFTY TECHNICAL

Current Spot: 4906.05
Pivot: 4911
5DEMA: 4903
10DEMA: 4944
20DEMA: 5025
50DEMA: 5171
RSI (14 days): 33.15
Parabolic SAR: 4789
Supports: 4884 - 4862 - 4835
Resistance: 4933 - 4960 - 4982
CAM Support: 4901 - 4897 - 4893 - 4879
CAM Resistance: 4911 - 4915 - 4920 - 4933
NF VIX Range: 4842 - 4946

Nifty Future VWAP: 4909.89
MP Values Nifty Future: VAH - 4926, POC - 4914, VAL - 4902

TARGET NIFTY
Buy Nifty Future above 4906 - 4920 - 4950 - 4970 SL - 4894
Sell Nifty Future below 4887 - 4876 - 4856 - 4830 SL - 4905

BANKNIFTY TECHNICAL

Current Spot: 9412.00
Pivot: 9397
5DEMA: 9325
10DEMA: 9421
20DEMA: 9645
50DEMA: 10030
RSI (14 days): 37.49
Parabolic SAR: 8995
Supports: 9315 - 9218 - 9136
Resistance: 9494 - 9576 - 9673
CAM Support: 9396 - 9379 - 9363 - 9314
CAM Resistance: 9428 - 9445 - 9461 - 9510
Bank Nifty VIX Range: 9191 - 9483

Bank Nifty Future VWAP: 9359.88
MP Values Bank Nifty Future: VAH - 9387, POC - 9356, VAL - 9325

TARGET BANKNIFTY
Buy BankNifty Future above 9346 - 9405 - 9480 - 9550 SL - 9329
Sell BankNifty Future below 9323 - 9270 - 9195 - 9120 SL - 9344

INTRADAY TRADE
Reliance Industries: Buy above 697 for targets of 700, 706, 715 SL 692
Reliance Industries: Sell below 691 for targets of 688, 682, 673 SL 696
Riil: Buy above 398 for targets of 404, 415 SL 391
Igl: Buy above 214 for targets of 216, 220 SL 211

SCORE SHEET
Jetairways: Buy above 307 for targets of 311, 320 SL 299: Target 316.45 done
SesaGoa: Buy above 195 for targets of 198, 205 SL 190: Target 199.00 done

POSITIONAL TRADE
Relcapital: Buy above 315 for target of 325 SL 310 (2-3 Days)
Jaicorpltd: Buy above 60 for target of 66 SL 57 (1 Week)

Thanks and Regards

S&P Wealth Creators