Wednesday, April 17, 2013

Market outlook for 18/04/2013

Nifty closed down 0.25 points (0.00%) at 5688.70 while Nifty Future closed at 5694.20, premium of 5.50 points.
Bank Nifty closed up 109.45 points (0.91%) at 11977.10 while Future closed at 11975.30, discount of 5.75 points.
  • FII bought in Cash (Net buy 206.68 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 647.98 Crore)
  • DII sold in Cash (Net sell 260.93 Crore)
  • Most Active Nifty Call Option: 5700 and 5800.
  • Most Active Nifty Put Options: 5700 and 5600.
  • Advance Decline for the day was 640:638.
NIFTY TECHNICAL
Current Spot: 5688.70
Pivot: 5697
5DEMA: 5632
10DEMA: 5619
20DEMA: 5650
50DEMA: 5755
RSI (14 days): 50.91
Parabolic SAR: 5482
Supports: 5661 - 5633 - 5598
Resistance: 5724 - 5760 - 5787
Nifty Future VIX Range: 5643 - 5757
Nifty Future VWAP: 5701.87
MP Values Nifty Future: VAH - 5718, POC - 5703, VAL - 5688

TARGET NIFTY
Buy Nifty Future above 5704 - 5720 - 5745 - 5770 SL - 5688
Sell Nifty Future below 5684 - 5670 - 5650 - 5625 SL - 5703

BANKNIFTY TECHNICAL
Current Spot: 11977.10
Pivot: 12002
5DEMA: 11672
10DEMA: 11506
20DEMA: 11480
50DEMA: 11736
RSI (14 days): 62.56
Parabolic SAR: 10957
Supports: 11893 - 11804 - 11694
Resistance: 12091 - 12201 - 12289
Bank Nifty Future VIX Range: 11808 - 12146
Bank Nifty Future VWAP: 11983.27
MP Values Bank Nifty Future: VAH - 12034, POC - 11984, VAL - 11934

TARGET BANKNIFTY
Buy BankNifty Future above 11985 - 12050 - 12150 - 12270 SL - 11955
Sell BankNifty Future below 11934 - 11865 - 11780 - 11670 SL - 11984

INTRADAY TRADE
Reliance: Buy above 788 for targets of 795, 810 SL 782
Reliance: Sell below 777 for targets of 770, 755 SL 886
Mcdowell-n: Buy above 2166 for targets of 2190, 2225 SL 2130
Ambujacem: Buy above 188 for targets of 190, 192 SL 185

SCORE SHEET
Ongc: Buy above 333 for targets of 336, 340 SL 328: Target 336.50 done
Adanient: Buy above 221 for targets of 223, 227 SL 217: Target 223.50 done

POSITIONAL TRADE
Albk: Buy above 137 for target of 141 SL 135.5 (2-3 Days)
Jswenergy: Buy above 61.5 for target of 65 SL 60 (1 Week)

Thanks and Regards

S&P Wealth Creators

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