Thursday, May 16, 2013

Market outlook for 17/05/2013

Nifty closed up 23.15 points (0.38%) at 6169.90 while Nifty Future closed at 6178.05, premium of 8.15 points.
Bank Nifty closed up 161.55 points (1.24%) at 13239.45 while Future closed at 13175.10, discount of 64.35 points.
  • FII bought in Cash (Net buy 1070.32 Crore)
  • FII sold in index option, stock future but bought in index future (Net sell 641.81 Crore)
  • DII sold in Cash (Net sell 390.42 Crore)
  • Most Active Nifty Call Option: 6200 and 6300.
  • Most Active Nifty Put Options: 6100 and 6000.
  • Advance Decline for the day was 636:662.
NIFTY TECHNICAL
Current Spot: 6169.90
Pivot: 6162
5DEMA: 6100
10DEMA: 6054
20DEMA: 5973
50DEMA: 5877
RSI (14 days): 67.48
Parabolic SAR: 5974
Supports: 6136 - 6103 - 6077
Resistance: 6195 - 6221 - 6254
Nifty Future VIX Range: 6113 - 6249
Nifty Future VWAP: 6179.99
MP Values Nifty Future: VAH - 6187, POC - 6176, VAL - 6165

TARGET NIFTY
Buy Nifty Future above 6187 - 6200 - 6220 - 6250 SL - 6165
Sell Nifty Future below 6164 - 6150 - 6130 - 6100 SL - 6177

BANKNIFTY TECHNICAL
Current Spot: 13239.45
Pivot: 13181
5DEMA: 12930
10DEMA: 12775
20DEMA: 12537
50DEMA: 12215
RSI (14 days): 70.46
Parabolic SAR: 12393
Supports: 13081 - 12922 - 12821
Resistance: 13334 - 13441 - 13600
Bank Nifty Future VIX Range: 12954 - 13386
Bank Nifty Future VWAP: 13176.43
MP Values Bank Nifty Future: VAH - 13223, POC - 13177, VAL - 13131

TARGET BANKNIFTY
Buy BankNifty Future above 13185 - 13260 - 13350 - 13460 SL - 13131
Sell BankNifty Future below 13122 - 13050 - 12960 - 12850 SL - 13177

INTRADAY TRADE
Reliance: Buy above 843 for targets of 849, 860 SL 831
Reliance: Sell below 829 for targets of 822, 810 SL 835
Sesagoa: Buy above 169 for targets of 171, 173 SL 166
YesBank: Buy above 544 for targets of 548, 555 SL 538

SCORE SHEET
Relcapital: Buy above 374 for targets of 378, 382 SL 369: Target 383.50 done
TataMotors: Buy above 310 for targets of 313, 317 SL 307: Call not active

POSITIONAL TRADE
Adaniports: Buy above 163 for target of 173 SL 160 (2-3 Days)
Hdil: Buy above 59 for target of 63 SL 58.4 (1 Week)

Thanks and Regards

S&P Wealth Creators

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