Market outlook for 22/04/2013

Nifty closed up 94.40 points (1.66%) at 5783.10 while Nifty Future closed at 5783.00, discount of 0.10 points.
Bank Nifty closed up 307.20 points (2.56%) at 12288.25 while Future closed at 12265.40, discount of 22.85 points.

• FII bought in Cash (Net buy 940.07 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1274.65 Crore)
• DII sold in Cash (Net sell 405.22 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 784:503.

NIFTY TECHNICAL

Current Spot: 5783.10
Pivot: 5753
5DEMA: 5682
10DEMA: 5649
20DEMA: 5663
50DEMA: 5759
RSI (14 days): 57.61
Parabolic SAR: 5495
Supports: 5712 - 5641 - 5599
Resistance: 5824 - 5866 - 5937

Nifty Future VIX Range: 5714 - 5834
Nifty Future VWAP: 5743.05
MP Values Nifty Future: VAH - 5778, POC - 5741, VAL - 5704

TARGET NIFTY
Buy Nifty Future above 5788 - 5815 - 5845 - 5880 SL - 5755
Sell Nifty Future below 5741 - 5720 - 5690 - 5655 SL - 5759

BANKNIFTY TECHNICAL

Current Spot: 12288.25
Pivot: 12164
5DEMA: 11877
10DEMA: 11648
20DEMA: 11557
50DEMA: 11758
RSI (14 days): 67.99
Parabolic SAR: 11039
Supports: 12016 - 11743 - 11595
Resistance: 12437 - 12585 - 12858

Bank Nifty Future VIX Range: 12076 - 12444
Bank Nifty Future VWAP: 12112.27
MP Values Bank Nifty Future: VAH - 12196, POC - 12065, VAL - 11934

TARGET BANKNIFTY
Buy BankNifty Future above 12275 - 12350 - 12450 - 12570 SL - 12195
Sell BankNifty Future below 12160 - 12085 - 11985 - 11870 SL - 12197

INTRADAY TRADE
Reliance: Buy above 784 for targets of 790, 798 SL 778
Reliance: Sell below 776 for targets of 770, 764 SL 882
Lt: Buy above 1482 for targets of 1496, 1515 SL 1467
Raymond: Buy above 276 for targets of 279, 283 SL 272

SCORE SHEET
Mcdowell-n: Buy above 2166 for targets of 2190, 2225 SL 2130: Target 2185.00 done
Ambujacem: Buy above 188 for targets of 190, 192 SL 185: Target 190.00 done

POSITIONAL TRADE
Bhel: Buy above 186 for target of 192 SL 183 (2-3 Days)
CoalIndia: Buy above 300 for target of 312 SL 295 (1 Week)

Thanks and Regards

S&P Wealth Creators