Market outlook for 22/05/2013

Nifty closed down 42.80 points (0.70%) at 6114.10 while Nifty Future closed at 6116.90, premium of 2.80 points.
Bank Nifty closed down 115.00 points (0.87%) at 13066.50 while Future closed at 13011.45, discount of 55.05 points.

• FII bought in Cash (Net buy 679.44 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 530.38 Crore)
• DII sold in Cash (Net sell 866.70 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 435:852.

NIFTY TECHNICAL

Current Spot: 6114.10
Pivot: 6132
5DEMA: 6130
10DEMA: 6097
20DEMA: 6019
50DEMA: 5903
RSI (14 days): 61.13
Parabolic SAR: 6017
Supports: 6084 - 6054 - 6006
Resistance: 6162 - 6210 - 6240

Nifty Future VIX Range: 6056 - 6182
Nifty Future VWAP: 6145.98
MP Values Nifty Future: VAH - 6166, POC - 6143, VAL - 6120

TARGET NIFTY
Buy Nifty Future above 6143 - 6160 - 6180 - 6210 SL - 6120
Sell Nifty Future below 6112 - 6095 - 6075 - 6045 SL - 6135

BANKNIFTY TECHNICAL

Current Spot: 13066.50
Pivot: 13124
5DEMA: 13089
10DEMA: 12954
20DEMA: 12703
50DEMA: 12298
RSI (14 days): 63.30
Parabolic SAR: 12714
Supports: 12980 - 12894 - 12750
Resistance: 13211 - 13355 - 13441

Bank Nifty Future VIX Range: 12810 - 13210
Bank Nifty Future VWAP: 13091.06
MP Values Bank Nifty Future: VAH - 13169, POC - 13107, VAL - 13045

TARGET BANKNIFTY
Buy BankNifty Future above 13091 - 13160 - 13260 - 13370 SL - 13045
Sell BankNifty Future below 13005 - 12935 - 12840 - 12730 SL - 13085

INTRADAY TRADE
Reliance: Buy above 835 for targets of 840, 850 SL 829
Reliance: Sell below 825 for targets of 820, 810 SL 833
Emamiltd: Buy above 733 for targets of 740, 751 SL 719
Adanipower: Buy above 61 for targets of 62, 63.5 SL 59

SCORE SHEET
Relcapital: Buy above 391 for targets of 395, 402 SL 383: Call not active
Orientbank: Buy above 275 for targets of 278, 283 SL 272: SL Hit

POSITIONAL TRADE
Appaper: Buy above 250 for target of 275 SL 238 (2-3 Days)
Astral: Buy above 520 for target of 574 SL 495 (1 Week)

Thanks and Regards

S&P Wealth Creators