Market outlook for 20/05/2013

Nifty closed up 17.40 points (0.28%) at 6187.30 while Nifty Future closed at 6196.10, premium of 8.80 points.
Bank Nifty closed up 77.65 points (0.59%) at 13317.10 while Future closed at 13265.95, discount of 51.15 points.

• FII bought in Cash (Net buy 867.93 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 357.76 Crore)
• DII sold in Cash (Net sell 716.69 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 584:688.

NIFTY TECHNICAL

Current Spot: 6187.30
Pivot: 6178
5DEMA: 6129
10DEMA: 6078
20DEMA: 5993
50DEMA: 5893
RSI (14 days): 68.20
Parabolic SAR: 5983
Supports: 6156 - 6124 - 6102
Resistance: 6209 - 6232 - 6263

Nifty Future VIX Range: 6128 - 6260
Nifty Future VWAP: 6177.43
MP Values Nifty Future: VAH - 6189, POC - 6174, VAL - 6159

TARGET NIFTY
Buy Nifty Future above 6201 - 6215 - 6235 - 6260 SL - 6183
Sell Nifty Future below 6174 - 6160 - 6140 - 6115 SL - 6189

BANKNIFTY TECHNICAL

Current Spot: 13317.10
Pivot: 13263
5DEMA: 13059
10DEMA: 12873
20DEMA: 12611
50DEMA: 12264
RSI (14 days): 71.47
Parabolic SAR: 12489
Supports: 13171 - 13025 - 12933
Resistance: 13409 - 13501 - 13647

Bank Nifty Future VIX Range: 13039 - 13462
Bank Nifty Future VWAP: 13176.26
MP Values Bank Nifty Future: VAH - 13239, POC - 13176, VAL - 13113

TARGET BANKNIFTY
Buy BankNifty Future above 13277 - 13350 - 13440 - 13550 SL - 13199
Sell BankNifty Future below 13176 - 13120 - 13030 - 12930 SL - 13239

INTRADAY TRADE
Reliance: Buy above 838 for targets of 844, 854 SL 832
Reliance: Sell below 830 for targets of 825, 815 SL 837
Siemens: Buy above 628 for targets of 634, 645 SL 618
Bhel: Buy above 202 for targets of 204, 207 SL 199

SCORE SHEET
Sesagoa: Buy above 169 for targets of 171, 173 SL 166: Call not active
YesBank: Buy above 544 for targets of 548, 555 SL 538: SL Hit

POSITIONAL TRADE
Lichsgfin: Buy above 277 for target of 288 SL 271 (2-3 Days)
Indiainfo: Buy above 73 for target of 77 SL 72 (1 Week)

Thanks and Regards

S&P Wealth Creators