Market outlook for 16/04/2013

Nifty closed up 39.85 points (0.72%) at 5568.40 while Nifty Future closed at 5568.05, discount of 0.35 points.
Bank Nifty closed up 116.15 points (1.02%) at 11526.25 while Future closed at 11546.45, premium of 20.20 points.

• FII sold in Cash (Net sell 418.37 Crore)
• FII bought in stock future but sold in index future, index option (Net buy 106.38 Crore)
• DII bought in Cash (Net buy 297.18 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5500 and 5400.
• Advance Decline for the day was 699:575.

NIFTY TECHNICAL

Current Spot: 5568.40
Pivot: 5554
5DEMA: 5561
10DEMA: 5585
20DEMA: 5642
50DEMA: 5761
RSI (14 days): 40.32
Parabolic SAR: 5593
Supports: 5515 - 5461 - 5422
Resistance: 5607 - 5646 - 5700

Nifty Future VIX Range: 5510 - 5610
Nifty Future VWAP: 5559.34
MP Values Nifty Future: VAH - 5585, POC - 5567, VAL - 5549

TARGET NIFTY
Buy Nifty Future above 5585 - 5605 - 5630 - 5660 SL - 5555
Sell Nifty Future below 5549 - 5530 - 5505 - 5470 SL - 5567

BANKNIFTY TECHNICAL

Current Spot: 11526.25
Pivot: 11501
5DEMA: 11340
10DEMA: 11296
20DEMA: 11381
50DEMA: 11737
RSI (14 days): 51.69
Parabolic SAR: 10889
Supports: 11360 - 11193 - 11051
Resistance: 11668 - 11810 - 11977

Bank Nifty Future VIX Range: 11380 - 11682
Bank Nifty Future VWAP: 11536.64
MP Values Bank Nifty Future: VAH - 11627, POC - 11541, VAL - 11455

TARGET BANKNIFTY
Buy BankNifty Future above 11565 - 11615 - 11700 - 11805 SL - 11505
Sell BankNifty Future below 11495 - 11445 - 11360 - 11260 SL - 11541

INTRADAY TRADE
Reliance: Buy above 796 for targets of 803, 814 SL 787
Reliance: Sell below 785 for targets of 780, 765 SL 791
Relinfra: Buy above 358 for targets of 362, 369 SL 351
Ongc: Buy above 322 for targets of 325, 330 SL 317

SCORE SHEET
JswSteel: Buy above 683 for targets of 689, 700 SL 673: Call not Active
Canbk: Buy above 390 for targets of 394, 400 SL 385: Target 415.45 done

POSITIONAL TRADE
YesBank: Buy above 461 for target of 474 SL 454 (2-3 Days)
Ibrealest: Buy above 56 for target of 60 SL 54.5 (1 Week)

Thanks and Regards

S&P Wealth Creators