Market outlook for 25/04/2013

Nifty closed up 2.50 points (0.04%) at 5836.90 while Nifty Future closed at 5843.00, premium of 6.10 points.
Bank Nifty closed down 32.80 points (0.26%) at 12543.40 while Future closed at 12553.55, premium of 10.15 points.

• FII bought in Cash (Net buy 226.21 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 545.25 Crore)
• DII sold in Cash (Net sell 528.29 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 637:664.

NIFTY TECHNICAL

Current Spot: 5836.90
Pivot: 5824
5DEMA: 5768
10DEMA: 5711
20DEMA: 5694
50DEMA: 5763
RSI (14 days): 60.96
Parabolic SAR: 5542
Supports: 5804 - 5772 - 5751
Resistance: 5857 - 5877 - 5910

Nifty Future VIX Range: 5783 - 5900
Nifty Future VWAP: 5818.08
MP Values Nifty Future: VAH - 5824, POC - 5812, VAL - 5800

TARGET NIFTY
Buy Nifty Future above 5847 - 5860 - 5880 - 5910 SL - 5824
Sell Nifty Future below 5822 - 5810 - 5790 - 5760 SL - 5844

BANKNIFTY TECHNICAL

Current Spot: 12543.40
Pivot: 12494
5DEMA: 12255
10DEMA: 11949
20DEMA: 11739
50DEMA: 11818
RSI (14 days): 70.96
Parabolic SAR: 11551
Supports: 12382 - 12221 - 12110
Resistance: 12655 - 12767 - 12928

Bank Nifty Future VIX Range: 12354 - 12735
Bank Nifty Future VWAP: 12457.44
MP Values Bank Nifty Future: VAH - 12499, POC - 12428, VAL - 11357

TARGET BANKNIFTY
Buy BankNifty Future above 12563 - 12650 - 12750 - 12880 SL - 12499
Sell BankNifty Future below 12485 - 12425 - 11325 - 11200 SL - 12553

INTRADAY TRADE
Reliance: Buy above 806 for targets of 814, 825 SL 797
Reliance: Sell below 795 for targets of 786, 776 SL 801
NTPC: Buy above 149.70 for targets of 151, 153 SL 148.5
Siemens: Buy above 531 for targets of 536, 545 SL 524

SCORE SHEET
Amarajabat: Buy above 260 for targets of 263, 267 SL 256: Target 272.70 done
RelInfra: Buy above 384 for targets of 389, 395 SL 377: Target 388.30 done

POSITIONAL TRADE
Jpassocait: Buy above 79 for target of 82 SL 77.5 (2-3 Days)
Finantech: Buy above 802 for target of 840 SL 789 (1 Week)

Thanks and Regards

S&P Wealth Creators