Market outlook for 21/02/2013

Nifty closed up 3.35 points (0.06%) at 5943.05 while Nifty Future closed at 5963.85, premium of 20.80 points.
Bank Nifty closed down 49.95 points (0.40%) at 12363.70 while Future closed at 12412.70, premium of 49.00 points.

• FII bought in Cash (Net buy 433.59 Crore)
• FII bought in index future, index option and in stock future (Net buy 677.71 Crore)
• DII sold in Cash (Net sell 591.18 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 788:696.

NIFTY TECHNICAL

Current Spot: 5943.05
Pivot: 5951
5DEMA: 5925
10DEMA: 5931
20DEMA: 5950
50DEMA: 5926
RSI (14 days): 48.91
Parabolic SAR: 5854
Supports: 5930 - 5917 - 5897
Resistance: 5964 - 5984 - 5997

Nifty Future VIX Range: 5933 - 5994
Nifty Future VWAP: 5961.50
MP Values Nifty Future: VAH - 5965, POC - 5960, VAL - 5955

TARGET NIFTY
Buy Nifty Future above 5965 - 5980 - 6000 - 6030 SL - 5955
Sell Nifty Future below 5945 - 5930 - 5910 - 5880 SL - 5964

BANKNIFTY TECHNICAL

Current Spot: 12363.70
Pivot: 12395
5DEMA: 12369
10DEMA: 12391
20DEMA: 12449
50DEMA: 12397
RSI (14 days): 44.40
Parabolic SAR: 12501
Supports: 12320 - 12276 - 12201
Resistance: 12439 - 12514 - 12558

Bank Nifty Future VIX Range: 12335 - 12490
Bank Nifty Future VWAP: 12435.39
MP Values Bank Nifty Future: VAH - 12463, POC - 12442, VAL - 12421

TARGET BANKNIFTY
Buy BankNifty Future above 12445 - 12485 - 12530 - 12580 SL - 12401
Sell BankNifty Future below 12395 - 12355 - 12310 - 12255 SL - 12442

INTRADAY TRADE
Reliance Industries: Buy above 877 for targets of 885, 895 SL 868
Reliance Industries: Sell below 866 for targets of 860, 850 SL 872
Grasim: Buy above 3065 for targets of 3085, 3107 SL 3033
Hcltech: Buy above 724 for targets of 730, 740 SL 718

SCORE SHEET
Ongc: Buy above 332 for targets of 335, 340 SL 327: Target 333.70 done
Bergepaint: Buy above 199 for targets of 202, 207 SL 195: Target 203.90 done

POSITIONAL TRADE
Sail: Buy above 79 for target of 82 SL 78 (2-3 Days)
Techm: Buy above 1055 for target of 1105 SL 1025 (1 Week)

Thanks and Regards

S&P Wealth Creators