Market outlook for 15/05/2013

Nifty closed up 14.95 points (0.25%) at 5995.40 while Nifty Future closed at 6006.00, premium of 10.60 points.
Bank Nifty closed up 14.75 points (0.12%) at 12583.60 while Future closed at 12531.40, discount of 52.20 points.

• FII bought in Cash (Net buy 420.99 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 423.40 Crore)
• DII sold in Cash (Net sell 412.66 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 605:675.

NIFTY TECHNICAL

Current Spot: 5995.40
Pivot: 5997
5DEMA: 6024
10DEMA: 6002
20DEMA: 5932
50DEMA: 5853
RSI (14 days): 57.97
Parabolic SAR: 6112
Supports: 5968 - 5941 - 5912
Resistance: 6024 - 6053 - 6081

Nifty Future VIX Range: 5951 - 6068
Nifty Future VWAP: 6010.88
MP Values Nifty Future: VAH - 6027, POC - 6012, VAL - 5997

TARGET NIFTY
Buy Nifty Future above 6013 - 6030 - 6050 - 6085 SL - 5997
Sell Nifty Future below 5996 - 5980 - 5960 - 5930 SL - 6012

BANKNIFTY TECHNICAL

Current Spot: 12583.60
Pivot: 12599
5DEMA: 12625
10DEMA: 12581
20DEMA: 12398
50DEMA: 12133
RSI (14 days): 58.62
Parabolic SAR: 12266
Supports: 12500 - 12417 - 12318
Resistance: 12683 - 12782 - 12865

Bank Nifty Future VIX Range: 12365 - 12715
Bank Nifty Future VWAP: 12561.03
MP Values Bank Nifty Future: VAH - 12605, POC - 12549, VAL - 12493

TARGET BANKNIFTY
Buy BankNifty Future above 12569 - 12640 - 12730 - 12830 SL - 12549
Sell BankNifty Future below 12511 - 12450 - 12360 - 12260 SL - 12565

INTRADAY TRADE
Reliance: Buy above 805 for targets of 810, 818 SL 799
Reliance: Sell below 794 for targets of 790, 781 SL 803
Zeel: Buy above 248 for targets of 250, 254 SL 245
Uniphos: Buy above 152 for targets of 153.5, 155.5 SL 149.5

SCORE SHEET
Bergerpaint: Buy above 246 for targets of 249, 255 SL 242: Call not Active
Essdee: Buy above 557 for targets of 562, 570 SL 550: Target 573.00 done

POSITIONAL TRADE
Pvr: Buy above 375 for target of 387 SL 369 (2-3 Days)
UcoBank: Buy above 75.5 for target of 79 SL 74 (1 Week)

Thanks and Regards

S&P Wealth Creators