Monday, May 6, 2013

Market outlook for 07/05/2013

Nifty closed up 27.05 points (0.47%) at 5971.05 while Nifty Future closed at 5971.30, premium of 0.25 points.
Bank Nifty closed up 2.80 points (0.02%) at 12396.40 while Future closed at 12340.10, discount of 56.30 points.
  • FII bought in Cash (Net buy 897.46 Crore)
  • FII sold in index option, stock future but bought in index future (Net sell 620.06 Crore)
  • DII sold in Cash (Net sell 540.83 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 5900 and 5800.
  • Advance Decline for the day was 772:527.
NIFTY TECHNICAL
Current Spot: 5971.05
Pivot: 5959
5DEMA: 5943
10DEMA: 5887
20DEMA: 5818
50DEMA: 5797
RSI (14 days): 64.28
Parabolic SAR: 5793
Supports: 5941 - 5911 - 5893
Resistance: 5989 - 6007 - 6037
Nifty Future VIX Range: 5920 - 6032
Nifty Future VWAP: 5958.73
MP Values Nifty Future: VAH - 5968, POC - 5957, VAL - 5946

TARGET NIFTY
Buy Nifty Future above 5979 - 5995 - 6015 - 6040 SL - 5965
Sell Nifty Future below 5957 - 5946 - 5925 - 5900 SL - 5969

BANKNIFTY TECHNICAL
Current Spot: 12396.40
Pivot: 12340
5DEMA: 12480
10DEMA: 12385
20DEMA: 12144
50DEMA: 11977
RSI (14 days): 59.06
Parabolic SAR: 12783
Supports: 12244 - 12093 - 11997
Resistance: 12492 - 12588 - 12740
Bank Nifty Future VIX Range: 12186 - 12558
Bank Nifty Future VWAP: 12253.88
MP Values Bank Nifty Future: VAH - 12318, POC - 12259, VAL - 12200

TARGET BANKNIFTY
Buy BankNifty Future above 12379 - 12450 - 12530 - 12630 SL - 12318
Sell BankNifty Future below 12309 - 12250 - 12180 - 12080 SL - 12377

INTRADAY TRADE
Reliance: Buy above 824 for targets of 829, 837 SL 814
Reliance: Sell below 812 for targets of 807, 796 SL 818
CenturyTex: Buy above 300 for targets of 303, 308 SL 296
Jpassociat: Buy above 75.9 for targets of 76.7, 78 SL 74.8

SCORE SHEET
TataSteel: Buy above 314 for targets of 317, 322 SL 308: Target 323.30 done
Hindalco: Buy above 99 for targets of 100, 102 SL 97: Target 102.15 done

POSITIONAL TRADE
TataSteel: Buy above 323 for target of 335 SL 318 (2-3 Days)
Recltd: Buy above 224 for target of 235 SL 220 (1 Week)

Thanks and Regards

S&P Wealth Creators

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