Wednesday, May 22, 2013

Market outlook for 23/05/2013

Nifty closed down 19.60 points (0.32%) at 6094.50 while Nifty Future closed at 6104.05, premium of 9.55 points.
Bank Nifty closed down 58.25 points (0.45%) at 13008.25 while Future closed at 12963.45, discount of 44.80 points.
  • FII bought in Cash (Net buy 540.19 Crore)
  • FII bought in index future but sold in index option, stock future (Net buy 16.04 Crore)
  • DII sold in Cash (Net sell 973.15 Crore)
  • Most Active Nifty Call Option: 6100 and 6200.
  • Most Active Nifty Put Options: 6100 and 6000.
  • Advance Decline for the day was 394:901.
NIFTY TECHNICAL
Current Spot: 6094.50
Pivot: 6106
5DEMA: 6118
10DEMA: 6096
20DEMA: 6026
50DEMA: 5911
RSI (14 days): 59.22
Parabolic SAR: 6034
Supports: 6063 - 6032 - 5990
Resistance: 6137 - 6179 - 6210
Nifty Future VIX Range: 6050 - 6173
Nifty Future VWAP: 6118.88
MP Values Nifty Future: VAH - 6152, POC - 6127, VAL - 6102

TARGET NIFTY
Buy Nifty Future above 6118 - 6140 - 6170 - 6210 SL - 6102
Sell Nifty Future below 6095 - 6075 - 6045 - 6005 SL - 6117

BANKNIFTY TECHNICAL
Current Spot: 13008.25
Pivot: 13039
5DEMA: 13062
10DEMA: 12964
20DEMA: 12732
50DEMA: 12327
RSI (14 days): 61.34
Parabolic SAR: 12812
Supports: 12902 - 12795 - 12658
Resistance: 13145 - 13282 - 13389
Bank Nifty Future VIX Range: 12793 - 13181
Bank Nifty Future VWAP: 13006.97
MP Values Bank Nifty Future: VAH - 13123, POC - 13040, VAL - 12957

TARGET BANKNIFTY
Buy BankNifty Future above 13010 - 13080 - 13160 - 13270 SL - 12957
Sell BankNifty Future below 12945 - 12875 - 12790 - 12680 SL - 13005

INTRADAY TRADE
Reliance: Buy above 826 for targets of 830, 840 SL 820
Reliance: Sell below 816 for targets of 812, 802 SL 824
Bergepaint: Buy above 251 for targets of 253, 258 SL 247
Castrol: Buy above 345 for targets of 348, 353 SL 339

SCORE SHEET
Emamiltd: Buy above 733 for targets of 740, 751 SL 719: Target 764.80 done
Adanipower: Buy above 61 for targets of 62, 63.5 SL 59: Call not Active

POSITIONAL TRADE
Bhartiartl: Buy above 313 for target of 320 SL 310 (2-3 Days)
Crompgreav: Buy above 109 for target of 118 SL 104.50 (1 Week)

Thanks and Regards

S&P Wealth Creators

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