Monday, May 13, 2013

Market outlook for 14/05/2013

Nifty closed down 126.80 points (2.08%) at 5980.45 while Nifty Future closed at 5994.45, premium of 14.00 points.
Bank Nifty closed down 211.30 points (1.65%) at 12568.85 while Future closed at 12531.50, discount of 37.35 points.
  • FII bought in Cash (Net buy 244.09 Crore)
  • FII sold in index future, stock future but bought in index option (Net sell 237.86 Crore)
  • DII sold in Cash (Net sell 454.82 Crore)
  • Most Active Nifty Call Option: 6100 and 6200.
  • Most Active Nifty Put Options: 6000 and 5900.
  • Advance Decline for the day was 319:958.
NIFTY TECHNICAL
Current Spot: 5980.45
Pivot: 6019
5DEMA: 6038
10DEMA: 6004
20DEMA: 5925
50DEMA: 5851
RSI (14 days): 56.90
Parabolic SAR: 6115
Supports: 5934 - 5887 - 5802
Resistance: 6066 - 6151 - 6198
Nifty Future VIX Range: 5927 - 6047
Nifty Future VWAP: 6045.38
MP Values Nifty Future: VAH - 6106, POC - 6082, VAL - 6021

TARGET NIFTY
Buy Nifty Future above 6041 - 6070 - 6105 - 6155 SL - 6020
Sell Nifty Future below 5985 - 5955 - 5925 - 5875 SL - 6038

BANKNIFTY TECHNICAL
Current Spot: 12568.85
Pivot: 12660
5DEMA: 12646
10DEMA: 12581
20DEMA: 12379
50DEMA: 12122
RSI (14 days): 58.25
Parabolic SAR: 12227
Supports: 12455 - 12341 - 12136
Resistance: 12774 - 12979 - 13093
Bank Nifty Future VIX Range: 12345 - 12705
Bank Nifty Future VWAP: 12666.36
MP Values Bank Nifty Future: VAH - 12762, POC - 12669, VAL - 12576

TARGET BANKNIFTY
Buy BankNifty Future above 12635 - 12700 - 12790 - 12900 SL - 12576
Sell BankNifty Future below 12519 - 12450 - 12360 - 12250 SL - 12630

INTRADAY TRADE
Reliance: Buy above 813 for targets of 817, 827 SL 807
Reliance: Sell below 800 for targets of 795, 784 SL 811
Bergerpaint: Buy above 246 for targets of 249, 255 SL 242
Essdee: Buy above 557 for targets of 562, 570 SL 550

SCORE SHEET
TataMotors: Buy above 310 for targets of 313, 317 SL 306: Call not Active
Ongc: Buy above 330 for targets of 333, 336 SL 327: Call not Active

POSITIONAL TRADE
Mmtc: Buy above 273 for target of 285 SL 270 (2-3 Days)
Ceatltd: Buy above 117 for target of 123 SL 116 (1 Week)

Thanks and Regards

S&P Wealth Creators

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