Wednesday, May 15, 2013

Market outlook for 16/05/2013

Nifty closed up 151.35 points (2.52%) at 6146.75 while Nifty Future closed at 6161.50, premium of 14.75 points.
Bank Nifty closed up 494.30 points (3.93%) at 13077.90 while Future closed at 13042.45, discount of 35.45 points.
  • FII bought in Cash (Net buy 1646.95 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 189.73 Crore)
  • DII sold in Cash (Net sell 747.11 Crore)
  • Most Active Nifty Call Option: 6100 and 6200.
  • Most Active Nifty Put Options: 6100 and 6000.
  • Advance Decline for the day was 865:424.
NIFTY TECHNICAL
Current Spot: 5995.40
Pivot: 6108
5DEMA: 6065
10DEMA: 6028
20DEMA: 5952
50DEMA: 5864
RSI (14 days): 66.46
Parabolic SAR: 5970
Supports: 6058 - 5969 - 5920
Resistance: 6196 - 6246 - 6335
Nifty Future VIX Range: 6088 - 6205
Nifty Future VWAP: 6118.80
MP Values Nifty Future: VAH - 6168, POC - 6131, VAL - 6093

TARGET NIFTY
Buy Nifty Future above 6168 - 6185 - 6210 - 6250 SL - 6118
Sell Nifty Future below 6110 - 6093 - 6070 - 6030 SL - 6132

BANKNIFTY TECHNICAL
Current Spot: 13077.90
Pivot: 12941
5DEMA: 12776
10DEMA: 12671
20DEMA: 12463
50DEMA: 12172
RSI (14 days): 68.13
Parabolic SAR: 12316
Supports: 12783 - 12488 - 12330
Resistance: 13236 - 13394 - 12689
Bank Nifty Future VIX Range: 12832 - 13267
Bank Nifty Future VWAP: 12875.95
MP Values Bank Nifty Future: VAH - 13061, POC - 12976, VAL - 12758

TARGET BANKNIFTY
Buy BankNifty Future above 13061 - 13140 - 13240 - 13380 SL - 12890
Sell BankNifty Future below 12878 - 12800 - 12700 - 12560 SL - 12976

INTRADAY TRADE
Reliance: Buy above 821 for targets of 826, 837 SL 812
Reliance: Sell below 810 for targets of 805, 794 SL 816
Relcapital: Buy above 374 for targets of 378, 382 SL 369
TataMotors: Buy above 310 for targets of 313, 317 SL 307

SCORE SHEET
Zeel: Buy above 248 for targets of 250, 254 SL 245: Target 255.20 done
Uniphos: Buy above 152 for targets of 153.5, 155.5 SL 149.5: Target 154.50 done

POSITIONAL TRADE
Hdfc: Buy above 914 for target of 940 SL 898 (2-3 Days)
Ibrealest: Buy above 80.5 for target of 84 SL 79 (1 Week)

Thanks and Regards

S&P Wealth Creators

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