Market outlook for 21/05/2013

Nifty closed down 30.40 points (0.49%) at 6156.90 while Nifty Future closed at 6164.85, premium of 7.95 points.
Bank Nifty closed down 135.60 points (1.02%) at 13181.50 while Future closed at 13130.95, discount of 50.55 points.

• FII bought in Cash (Net buy 753.37 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1068.40 Crore)
• DII sold in Cash (Net sell 764.32 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 542:759.

NIFTY TECHNICAL

Current Spot: 6156.90
Pivot: 6177
5DEMA: 6138
10DEMA: 6093
20DEMA: 6009
50DEMA: 5903
RSI (14 days): 65.05
Parabolic SAR: 5998
Supports: 6125 - 6094 - 6042
Resistance: 6209 - 6261 - 6292

Nifty Future VIX Range: 6109 - 6238
Nifty Future VWAP: 6202.33
MP Values Nifty Future: VAH - 6237, POC - 6213, VAL - 6184

TARGET NIFTY
Buy Nifty Future above 6191 - 6215 - 6240 - 6270 SL - 6183
Sell Nifty Future below 6156 - 6135 - 6110 - 6080 SL - 6189

BANKNIFTY TECHNICAL

Current Spot: 13181.50
Pivot: 13249
5DEMA: 13100
10DEMA: 12929
20DEMA: 12665
50DEMA: 12296
RSI (14 days): 66.78
Parabolic SAR: 12600
Supports: 13083 - 12985 - 12819
Resistance: 13347 - 13513 - 13611

Bank Nifty Future VIX Range: 12953 - 13365
Bank Nifty Future VWAP: 13229.11
MP Values Bank Nifty Future: VAH - 13292, POC - 13226, VAL - 13160

TARGET BANKNIFTY
Buy BankNifty Future above 13203 - 13270 - 13370 - 13480 SL - 13160
Sell BankNifty Future below 13115 - 13045 - 12950 - 12840 SL - 13200

INTRADAY TRADE
Reliance: Buy above 842 for targets of 846, 856 SL 836
Reliance: Sell below 829 for targets of 824, 814 SL 838
Relcapital: Buy above 391 for targets of 395, 402 SL 383
Orientbank: Buy above 275 for targets of 278, 283 SL 272

SCORE SHEET
Siemens: Buy above 628 for targets of 634, 645 SL 618: Call not active
Bhel: Buy above 202 for targets of 204, 207 SL 199: Target 205 done

POSITIONAL TRADE
Educomp: Buy above 70 for target of 73 SL 69 (2-3 Days)
Anantraj: Buy above 78.5 for target of 83 SL 77 (1 Week)

Thanks and Regards

S&P Wealth Creators