Market outlook for 30/05/2013

Nifty closed down 6.95 points (0.11%) at 6104.30 while Nifty Future closed at 6090.25, discount of 14.05 points.
Bank Nifty closed down 96.80 points (0.75%) at 12853.20 while Future closed at 12797.70, discount of 55.50 points.

• FII bought in Cash (Net buy 643.81 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 713.82 Crore)
• DII sold in Cash (Net sell 308.12 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 480:796.

NIFTY TECHNICAL

Current Spot: 6104.30
Pivot: 6100
5DEMA: 6084
10DEMA: 6077
20DEMA: 6038
50DEMA: 5926
RSI (14 days): 58.16
Parabolic SAR: 6191
Supports: 6074 - 6044 - 6019
Resistance: 6130 - 6155 - 6185

Nifty Future VIX Range: 6020 - 6150
Nifty Future VWAP: 6078.67
MP Values Nifty Future: VAH - 6088, POC - 6078, VAL - 6068

TARGET NIFTY
Buy Nifty Future above 6095 - 6110 - 6135 - 6170 SL - 6078
Sell Nifty Future below 6077 - 6062 - 6035 - 6005 SL - 6089

BANKNIFTY TECHNICAL

Current Spot: 12853.20
Pivot: 12853
5DEMA: 12896
10DEMA: 12895
20DEMA: 12776
50DEMA: 12375
RSI (14 days): 55.18
Parabolic SAR: 13304
Supports: 12774 - 12695 - 12616
Resistance: 12932 - 13011 - 13090

Bank Nifty Future VIX Range: 12595 - 12979
Bank Nifty Future VWAP: 12774.13
MP Values Bank Nifty Future: VAH - 12815, POC - 12778, VAL - 12741

TARGET BANKNIFTY
Buy BankNifty Future above 12815 - 12890 - 12980 - 13000 SL - 12778
Sell BankNifty Future below 12776 - 12710 - 12630 - 12520 SL - 12810

INTRADAY TRADE
Reliance: Buy above 850 for targets of 856, 866 SL 842
Reliance: Sell below 839 for targets of 833, 823 SL 846
Recltd: Buy above 236 for targets of 238, 241 SL 232
TataMotors: Buy above 307 for targets of 310, 314 SL 302

SCORE SHEET
Havells: Buy above 732 for targets of 739, 752 SL 721: Call not active
Bhel: Buy above 204 for targets of 206, 210 SL 201: Target 205.4 done

POSITIONAL TRADE
SunTv: Buy above 430 for target of 445 SL 423 (2-3 Days)
Autoind: Buy above 88 for target of 95 SL 86 (1 Week)

Thanks and Regards

S&P Wealth Creators