Market outlook for 13/05/2013

Nifty closed up 12.50 points (0.21%) at 6107.25 while Nifty Future closed at 6118.70, premium of 11.45 points.
Bank Nifty closed up 27.85 points (0.22%) at 12780.15 while Future closed at 12749.60, discount of 30.60 points.

• FII sold in Cash (Net sell 1.77 Crore)
• FII bought in index future, index option and stock future (Net buy 34.40 Crore)
• DII bought in Cash (Net buy 4.10 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 668:487.

NIFTY TECHNICAL

Current Spot: 6107.25
Pivot: 6102
5DEMA: 6066
10DEMA: 6009
20DEMA: 5919
50DEMA: 5845
RSI (14 days): 70.31
Parabolic SAR: 5987
Supports: 6089 - 6072 - 6059
Resistance: 6120 - 6132 - 6150

Nifty Future VIX Range: 6074 - 6184
Nifty Future VWAP: 6116.24
MP Values Nifty Future: VAH - 6125, POC - 6116, VAL - 6107

TARGET NIFTY
Buy Nifty Future above 6125 - 6140 - 6160 - 6185 SL - 6107
Sell Nifty Future below 6105 - 6090 - 6070 - 6045 SL - 6116

BANKNIFTY TECHNICAL

Current Spot: 12780.15
Pivot: 12774
5DEMA: 12684
10DEMA: 12583
20DEMA: 12359
50DEMA: 12105
RSI (14 days): 65.88
Parabolic SAR: 12200
Supports: 12737 - 12693 - 12656
Resistance: 12818 - 12855 - 12899

Bank Nifty Future VIX Range: 12608 - 12970
Bank Nifty Future VWAP: 12741.96
MP Values Bank Nifty Future: VAH - 12767, POC - 12743, VAL - 12719

TARGET BANKNIFTY
Buy BankNifty Future above 12770 - 12820 - 12890 - 12990 SL - 12739
Sell BankNifty Future below 127719 - 12670 - 12600 - 12500 SL - 12767

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 330 for targets of 333, 336 SL 327

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