Market outlook for 29/05/2013

Nifty closed up 28.10 points (0.46%) at 6111.25 while Nifty Future closed at 6109.40, discount of 1.85 points.
Bank Nifty closed down 11.55 points (0.09%) at 12950.00 while Future closed at 12899.10, discount of 50.90 points.

• FII bought in Cash (Net buy 711.12 Crore)
• DII sold in Cash (Net sell 507.82 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 667:629.

NIFTY TECHNICAL

Current Spot: 6111.25
Pivot: 6098
5DEMA: 6073
10DEMA: 6070
20DEMA: 6031
50DEMA: 5916
RSI (14 days): 58.86
Parabolic SAR: 6201
Supports: 6069 - 6026 - 5996
Resistance: 6141 - 6170 - 6213

Nifty Future VIX Range: 6045 - 6179
Nifty Future VWAP: 6090.54
MP Values Nifty Future: VAH - 6110, POC - 6090, VAL - 6070

TARGET NIFTY
Buy Nifty Future above 6118 - 6135 - 6155 - 6185 SL - 6108
Sell Nifty Future below 6090 - 6075 - 6055 - 6025 SL - 6110

BANKNIFTY TECHNICAL

Current Spot: 12950.00
Pivot: 12946
5DEMA: 12917
10DEMA: 12905
20DEMA: 12767
50DEMA: 12351
RSI (14 days): 58.07
Parabolic SAR: 13334
Supports: 12876 - 12803 - 12733
Resistance: 13020 - 13090 - 13164

Bank Nifty Future VIX Range: 12697 - 13093
Bank Nifty Future VWAP: 12901.63
MP Values Bank Nifty Future: VAH - 12939, POC - 12906, VAL - 12873

TARGET BANKNIFTY
Buy BankNifty Future above 12939 - 13000 - 13080 - 13180 SL - 12898
Sell BankNifty Future below 12873 - 12810 - 12730 - 12630 SL - 12910

INTRADAY TRADE
Reliance: Buy above 846 for targets of 853, 865 SL 838
Reliance: Sell below 836 for targets of 830, 819 SL 842
Havells: Buy above 732 for targets of 739, 752 SL 721
Bhel: Buy above 204 for targets of 206, 210 SL 201

SCORE SHEET
CenturyTex: Buy above 305 for targets of 308, 312 SL 300: Target 307.50 done
Sesagoa: Buy above 164.5 for targets of 167, 169 SL 163: Call not active

POSITIONAL TRADE
Titan: Buy above 297 for target of 305 SL 293 (2-3 Days)
Aplltd: Buy above 137 for target of 150 SL 130 (1 Week)

Thanks and Regards

S&P Wealth Creators