Market outlook for 11/05/2013

Nifty closed up 44.60 points (0.74%) at 6094.75 while Nifty Future closed at 6108.35, premium of 13.60 points.
Bank Nifty closed up 156.00 points (1.24%) at 12752.30 while Future closed at 12724.85, discount of 27.45 points.

• FII bought in Cash (Net buy 544.11 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1086.87 Crore)
• DII sold in Cash (Net sell 502.32 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 636:628.

NIFTY TECHNICAL

Current Spot: 6094.75
Pivot: 6082
5DEMA: 6046
10DEMA: 5987
20DEMA: 5899
50DEMA: 5831
RSI (14 days): 69.64
Parabolic SAR: 5948
Supports: 6058 - 6022 - 5999
Resistance: 6118 - 6142 - 6178

Nifty Future VIX Range: 6050 - 6164
Nifty Future VWAP: 6086.42
MP Values Nifty Future: VAH - 6114, POC - 6092, VAL - 6070

TARGET NIFTY
Buy Nifty Future above 6114 - 6130 - 6155 - 6180 SL - 6092
Sell Nifty Future below 6083 - 6070 - 6045 - 6020 SL - 6093

BANKNIFTY TECHNICAL

Current Spot: 12752.30
Pivot: 12705
5DEMA: 12636
10DEMA: 12539
20DEMA: 12314
50DEMA: 12071
RSI (14 days): 65.27
Parabolic SAR: 12188
Supports: 12627 - 12503 - 12425
Resistance: 12830 - 12908 - 13033

Bank Nifty Future VIX Range: 12534 - 12906
Bank Nifty Future VWAP: 12640.26
MP Values Bank Nifty Future: VAH - 12742, POC - 12667, VAL - 12582

TARGET BANKNIFTY
Buy BankNifty Future above 12742 - 12800 - 12880 - 12980 SL - 12665
Sell BankNifty Future below 12641 - 12585 - 12500 - 12400 SL - 12668

INTRADAY TRADE
Reliance: Buy above 818 for targets of 823, 830 SL 812
Reliance: Sell below 809 for targets of 805, 798 SL 816
Tatamotors: Buy above 310 for targets of 313, 317 SL 306
Ongc: Buy above 327 for targets of 330, 334 SL 323

SCORE SHEET
BankIndia: Buy above 335 for targets of 337, 342 SL 331: Target 339.80 done
Ambujacem: Buy above 188 for targets of 189, 191 SL 186: Target 190.00 done

POSITIONAL TRADE
Tatamtrdvr: Buy above 173 for target of 180 SL 170 (2-3 Days)
Sail: Buy above 63.5 for target of 68 SL 62.8 (1 Week)

Thanks and Regards

S&P Wealth Creators