Market outlook for 12/04/2013

Nifty closed up 35.30 points (0.64%) at 5594.00 while Nifty Future closed at 5594.80, premium of 0.80 points.
Bank Nifty closed up 184.25 points (1.66%) at 11306.50 while Future closed at 11309.35, premium of 2.85 points.

• FII bought in Cash (Net buy 36.63 Crore)
• FII bought in index future, index option, stock future but sold in stock options (Net buy 2163.38 Crore)
• DII bought in Cash (Net buy 57.71 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 686:595.

NIFTY TECHNICAL

Current Spot: 5594.00
Pivot: 5583
5DEMA: 5572
10DEMA: 5602
20DEMA: 5662
50DEMA: 5770
RSI (14 days): 40.77
Parabolic SAR: 5611
Supports: 5554 - 5515 - 5487
Resistance: 5622 - 5650 - 5690

Nifty Future VIX Range: 5541 - 5641
Nifty Future VWAP: 5582.07
MP Values Nifty Future: VAH - 5599, POC - 5579, VAL - 5559

TARGET NIFTY
Buy Nifty Future above 5599 - 5620 - 5650 - 5690 SL - 5578
Sell Nifty Future below 5576 - 5559 - 5530 - 5495 SL - 5591

BANKNIFTY TECHNICAL

Current Spot: 11306.50
Pivot: 11267
5DEMA: 11165
10DEMA: 11208
20DEMA: 11360
50DEMA: 11739
RSI (14 days): 45.22
Parabolic SAR: 11462
Supports: 11193 - 11080 - 11005
Resistance: 11381 - 11455 - 11569

Bank Nifty Future VIX Range: 11167 - 11471
Bank Nifty Future VWAP: 11258.40
MP Values Bank Nifty Future: VAH - 11302, POC - 11252, VAL - 11202

TARGET BANKNIFTY
Buy BankNifty Future above 11318 - 11380 - 11450 - 11550 SL - 11252
Sell BankNifty Future below 11251 - 11200 - 11120 - 11000 SL - 11278

INTRADAY TRADE
Reliance: Buy above 777 for targets of 781, 790 SL 772
Reliance: Sell below 768 for targets of 764, 754 SL 775
Lt: Buy above 1381 for targets of 1394, 1410 SL 1362
YesBank: Buy above 438 for targets of 442, 448 SL 433

SCORE SHEET
RelInfra: Buy above 346 for targets of 350, 357 SL 339: SL Hit
Hcltech: Buy above 768 for targets of 775, 788 SL 757: Target 793.70 done

POSITIONAL TRADE
Tatamtrdvr: Buy above 163 for target of 170 SL 159 (2-3 Days)
Hdil: Buy above 47.5 for target of 51 SL 46.5 (1 Week)

Thanks and Regards

S&P Wealth Creators