Thursday, April 25, 2013

Market outlook for 26/04/2013

Nifty closed up 79.40 points (1.36%) at 5916.30 while Nifty Future closed at 5921.80, premium of 5.50 points.
Bank Nifty closed up 183.45 points (1.46%) at 12726.85 while Future closed at 12676.80, discount of 50.05 points.
  • FII bought in Cash (Net buy 1449.70 Crore)
  • FII bought in index future but sold in index option, stock future (Net buy 3672.63 Crore)
  • DII sold in Cash (Net sell 1269.43 Crore)
  • Most Active Nifty Call Option: 5900 and 6000.
  • Most Active Nifty Put Options: 5900 and 5800.
  • Advance Decline for the day was 697:598.
NIFTY TECHNICAL
Current Spot: 5836.90
Pivot: 5898
5DEMA: 5817
10DEMA: 5748
20DEMA: 5716
50DEMA: 5771
RSI (14 days): 65.53
Parabolic SAR: 5573
Supports: 5872 - 5827 - 5800
Resistance: 5943 - 5969 - 6014
Nifty Future VIX Range: 5855 - 5975
Nifty Future VWAP: 5911.78
MP Values Nifty Future: VAH - 5920, POC - 5906, VAL - 5892

TARGET NIFTY
Buy Nifty Future above 5929 - 5950 - 5980 - 6020 SL - 5915
Sell Nifty Future below 5906 - 5890 - 5860 - 5820 SL - 5921

BANKNIFTY TECHNICAL
Current Spot: 12726.85
Pivot: 12698
5DEMA: 12412
10DEMA: 12091
20DEMA: 11833
50DEMA: 11859
RSI (14 days): 73.39
Parabolic SAR: 11458
Supports: 12640 - 12554 - 12496
Resistance: 12785 - 12842 - 12929
Bank Nifty Future VIX Range: 12441 - 12823
Bank Nifty Future VWAP: 12666.51
MP Values Bank Nifty Future: VAH - 12694, POC - 12658, VAL - 12622

TARGET BANKNIFTY
Buy BankNifty Future above 12686 - 12730 - 12800 - 12890 SL - 12655
Sell BankNifty Future below 12635 - 12595 - 11520 - 11430 SL - 12663

INTRADAY TRADE
Reliance: Buy above 822 for targets of 830, 842 SL 816
Reliance: Sell below 814 for targets of 806, 795 SL 821
Hdfc: Buy above 866 for targets of 874, 885 SL 859
Essdee: Buy above 500 for targets of 505, 515 SL 492

SCORE SHEET
NTPC: Buy above 149.70 for targets of 151, 153 SL 148.5: Target 155.90 done
Siemens: Buy above 531 for targets of 536, 545 SL 524: Target 535.05 done

POSITIONAL TRADE
Dabur: Buy above 147 for target of 152 SL 145 (2-3 Days)
Ster: Buy above 90.5 for target of 95 SL 89.5 (1 Week)

Thanks and Regards

S&P Wealth Creators

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