Market outlook for 29/04/2013

Nifty closed down 44.85 points (0.76%) at 5871.45 while Nifty Future closed at 5887.75, premium of 16.30 points.
Bank Nifty closed down 193.70 points (1.52%) at 12533.15 while Future closed at 12504.65, discount of 28.50 points.

• FII bought in Cash (Net buy 224.75 Crore)
• FII sold in stock future but bought in index future, index option, (Net sell 219.03 Crore)
• DII sold in Cash (Net sell 377.78 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 489:802.

NIFTY TECHNICAL

Current Spot: 5836.90
Pivot: 5880
5DEMA: 5835
10DEMA: 5771
20DEMA: 5730
50DEMA: 5775
RSI (14 days): 61.07
Parabolic SAR: 5608
Supports: 5852 - 5833 - 5806
Resistance: 5899 - 5926 - 5945

Nifty Future VIX Range: 5831 - 5947
Nifty Future VWAP: 5898.45
MP Values Nifty Future: VAH - 5914, POC - 5903, VAL - 5892

TARGET NIFTY
Buy Nifty Future above 5903 - 5915 - 5935 - 5955 SL - 5892
Sell Nifty Future below 5879 - 5870 - 5855 - 5830 SL - 5902

BANKNIFTY TECHNICAL

Current Spot: 12533.15
Pivot: 12561
5DEMA: 12452
10DEMA: 12171
20DEMA: 11900
50DEMA: 11893
RSI (14 days): 66.81
Parabolic SAR: 11885
Supports: 12442 - 12351 - 12232
Resistance: 12652 - 12771 - 12862

Bank Nifty Future VIX Range: 12313 - 12695
Bank Nifty Future VWAP: 12561.00
MP Values Bank Nifty Future: VAH - 12621, POC - 12567, VAL - 12513

TARGET BANKNIFTY
Buy BankNifty Future above 12567 - 12620 - 12700 - 12800 SL - 12513
Sell BankNifty Future below 12486 - 12435 - 11355 - 11255 SL - 12555

INTRADAY TRADE
Reliance: Buy above 806 for targets of 813, 826 SL 799
Reliance: Sell below 790 for targets of 783, 770 SL 804
Maruti: Buy above 1680 for targets of 1696, 1720 SL 1659
Lichsgfin: Buy above 245 for targets of 248, 255 SL 242

SCORE SHEET
Hdfc: Buy above 866 for targets of 874, 885 SL 859: Target 879.10 done
Essdee: Buy above 500 for targets of 505, 515 SL 492: Target 522.70 done

POSITIONAL TRADE
Bhartiartl: Buy above 320 for target of 332 SL 315 (2-3 Days)
Uniphos: Buy above 140 for target of 147 SL 137 (1 Week)

Thanks and Regards

S&P Wealth Creators