Market outlook for 15/04/2013

Nifty closed down 65.45 points (1.17%) at 5528.55 while Nifty Future closed at 5535.20, premium of 6.65 points.
Bank Nifty closed up 103.60 points (0.92%) at 11410.10 while Future closed at 11401.50, discount of 8.60 points.

• FII sold in Cash (Net sell 28.59 Crore)
• FII sold in index future, index option, stock future (Net sell 859.72 Crore)
• DII sold in Cash (Net sell 311.92 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5500 and 5400.
• Advance Decline for the day was 528:754.

NIFTY TECHNICAL

Current Spot: 5528.55
Pivot: 5523
5DEMA: 5557
10DEMA: 5589
20DEMA: 5650
50DEMA: 5767
RSI (14 days): 36.18
Parabolic SAR: 5611
Supports: 5501 - 5473 - 5451
Resistance: 5550 - 5572 - 5600

Nifty Future VIX Range: 5483 - 5583
Nifty Future VWAP: 5537.66
MP Values Nifty Future: VAH - 5544, POC - 5534, VAL - 5524

TARGET NIFTY
Buy Nifty Future above 5544 - 5658 - 5575 - 5600 SL - 5533
Sell Nifty Future below 5524 - 5515 - 5495 - 5470 SL - 5541

BANKNIFTY TECHNICAL

Current Spot: 11410.10
Pivot: 11363
5DEMA: 11247
10DEMA: 11245
20DEMA: 11365
50DEMA: 11738
RSI (14 days): 48.34
Parabolic SAR: 11443
Supports: 11283 - 11156 - 11076
Resistance: 11490 - 11570 - 11697

Bank Nifty Future VIX Range: 11236 - 11536
Bank Nifty Future VWAP: 11350.37
MP Values Bank Nifty Future: VAH - 11375, POC - 11322, VAL - 11269

TARGET BANKNIFTY
Buy BankNifty Future above 11410 - 11480 - 11570 - 11660 SL - 11322
Sell BankNifty Future below 11317 - 11240 - 11150 - 11050 SL - 11375

INTRADAY TRADE
Reliance: Buy above 777 for targets of 780, 787 SL 772
Reliance: Sell below 770 for targets of 766, 760 SL 776
JswSteel: Buy above 683 for targets of 689, 700 SL 673
Canbk: Buy above 390 for targets of 394, 400 SL 385

SCORE SHEET
Lt: Buy above 1382 for targets of 1394, 1410 SL 1362: Call not Active
YesBank: Buy above 438 for targets of 442, 448 SL 433: Target 444.70 done

POSITIONAL TRADE
Recltd: Buy above 219 for target of 226 SL 216 (2-3 Days)
Ktkbank: Buy above 136.5 for target of 145 SL 134 (1 Week)

Thanks and Regards

S&P Wealth Creators