Sunday, May 5, 2013

Market outlook for 06/05/2013

Nifty closed down 55.35 points (0.92%) at 5944.00 while Nifty Future closed at 5948.25, premium of 4.25 points.
Bank Nifty closed down 316.35 points (2.49%) at 12393.60 while Future closed at 12337.45, discount of 56.15 points.
  • FII bought in Cash (Net buy 953.95 Crore)
  • FII sold in index future, index option, stock future but bought in stock future (Net sell 1141.76 Crore)
  • DII sold in Cash (Net sell 792.78 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 5900 and 5800.
  • Advance Decline for the day was 494:798.
NIFTY TECHNICAL
Current Spot: 5944.00
Pivot: 5958
5DEMA: 5929
10DEMA: 5869
20DEMA: 5802
50DEMA: 5793
RSI (14 days): 62.69
Parabolic SAR: 5756
Supports: 5916 - 5888 - 5845
Resistance: 5986 - 6028 - 6056
Nifty Future VIX Range: 5893 - 6009
Nifty Future VWAP: 5970.05
MP Values Nifty Future: VAH - 5991, POC - 5973, VAL - 5955

TARGET NIFTY
Buy Nifty Future above 5973 - 5990 - 6015 - 6040 SL - 5955
Sell Nifty Future below 5939 - 5925 - 5900 - 5865 SL - 5967

BANKNIFTY TECHNICAL
Current Spot: 12393.60
Pivot: 12479
5DEMA: 12522
10DEMA: 12383
20DEMA: 12118
50DEMA: 11973
RSI (14 days): 58.95
Parabolic SAR: 12341
Supports: 12279 - 12165 - 11965
Resistance: 12593 - 12793 - 12908
Bank Nifty Future VIX Range: 12144 - 12526
Bank Nifty Future VWAP: 12449.63
MP Values Bank Nifty Future: VAH - 12589, POC - 12501, VAL - 12413

TARGET BANKNIFTY
Buy BankNifty Future above 12445 - 12500 - 12580 - 12700 SL - 12412
Sell BankNifty Future below 12319 - 12260 - 12180 - 12060 SL - 12415

INTRADAY TRADE
Reliance: Buy above 808 for targets of 814, 823 SL 802
Reliance: Sell below 796 for targets of 790, 781 SL 806
TataSteel: Buy above 314 for targets of 317, 322 SL 308
Hindalco: Buy above 99 for targets of 100, 102 SL 97

SCORE SHEET
Aban: Buy above 329 for targets of 332, 337 SL 325: Call not Active
RelInfra: Buy above 392 for targets of 396, 404 SL 387: Target 404 done

POSITIONAL TRADE
Dabur: Buy above 162 for target of 170 SL 158 (2-3 Days)
BankBaroda: Buy above 703 for target of 745 SL 688 (1 Week)

Thanks and Regards

S&P Wealth Creators

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