Market outlook for 22/02/2013

Nifty closed down 90.80 points (1.53%) at 5852.25 while Nifty Future closed at 5853.45, premium of 1.20 points.
Bank Nifty closed down 308.20 points (2.49%) at 12055.50 while Future closed at 12080.90, premium of 25.40 points.

• FII bought in Cash (Net buy 1213.57 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 117.34 Crore)
• DII sold in Cash (Net sell 228.78 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 316:1202.

NIFTY TECHNICAL

Current Spot: 5852.25
Pivot: 5873
5DEMA: 5901
10DEMA: 5916
20DEMA: 5940
50DEMA: 5927
RSI (14 days): 36.98
Parabolic SAR: 5971
Supports: 5824 - 5796 - 5747
Resistance: 5901 - 5949 - 5978

Nifty Future VIX Range: 5814 - 5893
Nifty Future VWAP: 5887.39
MP Values Nifty Future: VAH - 5928, POC - 5904, VAL - 5874

TARGET NIFTY
Buy Nifty Future above 5875 - 5900 - 5930 - 5965 SL - 5853
Sell Nifty Future below 5845 - 5825 - 5790 - 5750 SL - 5874

BANKNIFTY TECHNICAL

Current Spot: 12055.50
Pivot: 12131
5DEMA: 12265
10DEMA: 12330
20DEMA: 12411
50DEMA: 12394
RSI (14 days): 31.91
Parabolic SAR: 12471
Supports: 11961 - 11866 - 11696
Resistance: 12226 - 12396 - 12490

Bank Nifty Future VIX Range: 11972 - 12190
Bank Nifty Future VWAP: 12207.14
MP Values Bank Nifty Future: VAH - 12275, POC - 12181, VAL - 12087

TARGET BANKNIFTY
Buy BankNifty Future above 12182 - 12270 - 12400 - 12580 SL - 12155
Sell BankNifty Future below 12063 - 12000 - 11900 - 11760 SL - 12181

INTRADAY TRADE
Reliance Industries: Buy above 868 for targets of 875, 884 SL 861
Reliance Industries: Sell below 856 for targets of 848, 838 SL 865
Videoind: Buy above 205 for targets of 207, 212 SL 203
Cairn: Buy above 308 for targets of 310, 313 SL 305

SCORE SHEET
Grasim: Buy above 3065 for targets of 3085, 3107 SL 3033: Target 3086.90 done
Hcltech: Buy above 724 for targets of 730, 740 SL 718: Target 732.45 done

POSITIONAL TRADE
Pgel: Buy above 336 for target of 342 SL 334 (2-3 Days)
Finpipe: Buy above 88.5 for target of 93 SL 87 (1 Week)

Thanks and Regards

S&P Wealth Creators