Tuesday, February 19, 2013

Market outlook for 20/02/2013

Nifty closed up 41.50 points (0.70%) at 5939.70 while Nifty Future closed at 5953.40, premium of 13.70 points.
Bank Nifty closed up 66.45 points (0.54%) at 12413.65 while Future closed at 12448.90, premium of 35.25 points.
  • FII sold in Cash (Net sell 181.57 Crore)
  • FII sold in index future, index option but bought in stock future (Net sell 163.80 Crore)
  • DII bought in Cash (Net buy 24.67 Crore)
  • Most Active Nifty Call Option: 5900 and 6000.
  • Most Active Nifty Put Options: 5900 and 5800.
  • Advance Decline for the day was 1011:484.
NIFTY TECHNICAL
Current Spot: 5939.70
Pivot: 5923
5DEMA: 5917
10DEMA: 5928
20DEMA: 5950
50DEMA: 5926
RSI (14 days): 48.24
Parabolic SAR: 5948
Supports: 5899 - 5859 - 5835
Resistance: 5964 - 5988 - 6028
Nifty Future VIX Range: 5922 - 5985
Nifty Future VWAP: 5921.65
MP Values Nifty Future: VAH - 5960, POC - 5938, VAL - 5915

TARGET NIFTY
Buy Nifty Future above 5960 - 5975 - 5995 - 6035 SL - 5937
Sell Nifty Future below 5925 - 5910 - 5875 - 5845 SL - 5939

BANKNIFTY TECHNICAL
Current Spot: 12413.65
Pivot: 12381
5DEMA: 12372
10DEMA: 12397
20DEMA: 12458
50DEMA: 12397
RSI (14 days): 47.04
Parabolic SAR: 12529
Supports: 12336 - 12258 - 12213
Resistance: 12459 - 12505 - 12582
Bank Nifty Future VIX Range: 12369 - 12529
Bank Nifty Future VWAP: 12396.43
MP Values Bank Nifty Future: VAH - 12434, POC - 12392, VAL - 12350

TARGET BANKNIFTY
Buy BankNifty Future above 12460 - 12490 - 12540 - 12600 SL - 12392
Sell BankNifty Future below 12390 - 12360 - 12310 - 12250 SL - 12435

INTRADAY TRADE
Reliance Industries: Buy above 851 for targets of 855, 865 SL 844
Reliance Industries: Sell below 843 for targets of 838, 830 SL 848
Ongc: Buy above 332 for targets of 335, 340 SL 327
Bergepaint: Buy above 199 for targets of 202, 207 SL 195

SCORE SHEET
Dlf: Buy above 262 for targets of 265, 270 SL 258: Target 270.85 done
RelInfra: Buy above 489 for targets of 493, 500 SL 483: Target 494.50 done

POSITIONAL TRADE
KtkBank: Buy above 163.5 for target of 168 SL 160.5 (2-3 Days)
TataGlobal: Buy above 147 for target of 155 SL 144 (1 Week)

Thanks and Regards

S&P Wealth Creators

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