Market outlook for 25/05/2012

Nifty closed up 85.75 points (1.77%) at 4921.40 while Nifty Future closed at 4913.10, discount of 8.30 points.
Bank Nifty closed up 227.70 points (2.47%) at 9437.60 while Future closed at 9383.45, discount of 54.15 points.

• FII sold in Cash (Net sell 105.73 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 597.64 Crore)
• DII bought in Cash (Net buy 130.02 Crore)
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 4800 and 4700.
• Advance Decline for the day was 891:514.

NIFTY TECHNICAL

Current Spot: 4921.40
Pivot: 4894
5DEMA: 4888
10DEMA: 4914
20DEMA: 4986
50DEMA: 5123
RSI (14 days): 39.87
Parabolic SAR: 4796
Supports: 4857 - 4793 - 4755
Resistance: 4959 - 4996 - 5061
CAM Support: 4912 - 4903 - 4893 - 4865
CAM Resistance: 4931 - 4940 - 4949 - 4977
NF VIX Range: 4856 - 4987

Nifty Future VWAP: 4869.27
MP Values Nifty Future: VAH - 4899, POC - 4869, VAL - 4839

TARGET NIFTY
Buy Nifty Future above 4917 - 4950 - 4990 - 5060 SL - 4881
Sell Nifty Future below 4876 - 4845 - 4780 - 4740 SL - 4896

BANKNIFTY TECHNICAL

Current Spot: 9437.60
Pivot: 9367
5DEMA: 9329
10DEMA: 9374
20DEMA: 9557
50DEMA: 9898
RSI (14 days): 42.53
Parabolic SAR: 9046
Supports: 9270 - 9102 - 9005
Resistance: 9535 - 9632 - 9800
CAM Support: 9413 - 9389 - 9365 - 9292
CAM Resistance: 9462 - 9486 - 9510 - 9583
Bank Nifty VIX Range: 9231 - 9536

Bank Nifty Future VWAP: 9274.43
MP Values Bank Nifty Future: VAH - 9403, POC - 9308, VAL - 9213

TARGET BANKNIFTY
Buy BankNifty Future above 9390 - 9485 - 9580 - 9750 SL - 9309
Sell BankNifty Future below 9299 - 9220 - 9050 - 8940 SL - 9337

INTRADAY TRADE
Reliance Industries: Buy above 697 for targets of 700, 705, 713 SL 692
Reliance Industries: Sell below 690 for targets of 687, 682, 670 SL 696
Pantaloonr: Buy above 153 for targets of 156, 161 SL 147
RelInfra: Buy above 457 for targets of 462, 470 SL 447

SCORE SHEET
Gail: Buy above 327 for targets of 330, 336 SL 322: Target 334.95 done
JetAirways: Buy above 324 for targets of 328, 335 SL 317: SL Hit

POSITIONAL TRADE
Techm: Buy above 670 for target of 717 SL 651 (2-3 Days)
Ifci: Buy above 35 for target of 38 SL 33.60 (1 Week)

Thanks and Regards

S&P Wealth Creators