Market outlook for 18/02/2013

Nifty closed down 9.55 points (0.16%) at 5887.40 while Nifty Future closed at 5892.65, premium of 5.25 points.
Bank Nifty closed up 25.25 points (0.21%) at 12336.55 while Future closed at 12381.40, premium of 44.85 points.

• FII bought in Cash (Net buy 247.30 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 214.20 Crore)
• DII sold in Cash (Net sell 245.98 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 595:915.

NIFTY TECHNICAL

Current Spot: 5887.40
Pivot: 5880
5DEMA: 5908
10DEMA: 5931
20DEMA: 5957
50DEMA: 5931
RSI (14 days): 38.04
Parabolic SAR: 5978
Supports: 5861 - 5834 - 5815
Resistance: 5907 - 5926 - 5953

Nifty Future VIX Range: 5862 - 5923
Nifty Future VWAP: 5884.35
MP Values Nifty Future: VAH - 5898, POC - 5884, VAL - 5870

TARGET NIFTY
Buy Nifty Future above 5898 - 5910 - 5930 - 5960 SL - 5883
Sell Nifty Future below 5870 - 5860 - 5845 - 5820 SL - 5890

BANKNIFTY TECHNICAL

Current Spot: 12336.55
Pivot: 12322
5DEMA: 12354
10DEMA: 12404
20DEMA: 12475
50DEMA: 12415
RSI (14 days): 41.41
Parabolic SAR: 12596
Supports: 12271 - 12206 - 12155
Resistance: 12388 - 12439 - 12504

Bank Nifty Future VIX Range: 12299 - 12464
Bank Nifty Future VWAP: 12343.81
MP Values Bank Nifty Future: VAH - 12391, POC - 12355, VAL - 12319

TARGET BANKNIFTY
Buy BankNifty Future above 12391 - 12425 - 12480 - 12540 SL - 12354
Sell BankNifty Future below 12319 - 12290 - 12240 - 12190 SL - 12360

INTRADAY TRADE
Reliance Industries: Buy above 848 for targets of 855, 867 SL 843
Reliance Industries: Sell below 842 for targets of 836, 825 SL 848
JetAirways: Buy above 621 for targets of 627, 636 SL 613
TataMotors: Buy above 306 for targets of 309, 315 SL 300

SCORE SHEET
Petronet: Buy above 152 for targets of 153, 155 SL 150: Call not Active
Hdfcbank: Buy above 676 for targets of 680, 687 SL 670: Target 680.80 done

POSITIONAL TRADE
Pfc: Buy above 218 for target of 224 SL 215 (2-3 Days)
Kwality: Buy above 36 for target of 38 SL 35.4 (1 Week)

Thanks and Regards

S&P Wealth Creators