Monday, April 29, 2013

Market outlook for 30/04/2013

Nifty closed up 32.65 points (0.56%) at 5904.10 while Nifty Future closed at 5918.20, premium of 14.10 points.
Bank Nifty closed up 76.00 points (0.61%) at 12609.15 while Future closed at 12583.45, discount of 25.70 points.
  • FII bought in Cash (Net buy 620.38 Crore)
  • FII sold in index future, stock future but bought in index future (Net sell 716.19 Crore)
  • DII sold in Cash (Net sell 366.20 Crore)
  • Most Active Nifty Call Option: 5900 and 6000.
  • Most Active Nifty Put Options: 5900 and 5800.
  • Advance Decline for the day was 724:554.
NIFTY TECHNICAL
Current Spot: 5904.10
Pivot: 5897
5DEMA: 5858
10DEMA: 5795
20DEMA: 5747
50DEMA: 5778
RSI (14 days): 63.06
Parabolic SAR: 5640
Supports: 5875 - 5847 - 5826
Resistance: 5926 - 5947 - 5975
Nifty Future VIX Range: 5858 - 5972
Nifty Future VWAP: 5906.60
MP Values Nifty Future: VAH - 5922, POC - 5907, VAL - 5892

TARGET NIFTY
Buy Nifty Future above 5923 - 5935 - 5955 - 5980 SL - 5907
Sell Nifty Future below 5904 - 5895 - 5875 - 5840 SL - 5922

BANKNIFTY TECHNICAL
Current Spot: 12609.15
Pivot: 12593
5DEMA: 12505
10DEMA: 12251
20DEMA: 11967
50DEMA: 11916
RSI (14 days): 68.02
Parabolic SAR: 12025
Supports: 12525 - 12440 - 12372
Resistance: 12677 - 12746 - 12830
Bank Nifty Future VIX Range: 12364 - 12736
Bank Nifty Future VWAP: 12553.88
MP Values Bank Nifty Future: VAH - 12587, POC - 12529, VAL - 12489

TARGET BANKNIFTY
Buy BankNifty Future above 12593 - 12660 - 12740 - 12840 SL - 12555
Sell BankNifty Future below 12529 - 12480 - 11400 - 11305 SL - 12587

INTRADAY TRADE
Reliance: Buy above 797 for targets of 802, 808 SL 791
Reliance: Sell below 789 for targets of 785, 778 SL 795
Adanient: Buy above 217.5 for targets of 220, 224 SL 215
Unionbank: Buy above 247 for targets of 250, 255 SL 242

SCORE SHEET
Maruti: Buy above 1680 for targets of 1696, 1720 SL 1659: Target 1704.35 done
Lichsgfin: Buy above 245 for targets of 248, 255 SL 242: Target 256.40 done

POSITIONAL TRADE
Relcapital: Buy above 359 for target of 372 SL 353 (2-3 Days)
Ibrealest: Buy above 76 for target of 80 SL 73.8 (1 Week)

Thanks and Regards

S&P Wealth Creators

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