Thursday, May 30, 2013

Market outlook for 31/05/2013

Nifty closed up 19.75 points (0.32%) at 6124.05 while Nifty Future closed at 6131.25, premium of 7.20 points.
Bank Nifty closed down 47.30 points (0.37%) at 12805.90 while Future closed at 12802.20, discount of 3.70 points.
  • FII bought in Cash (Net buy 787.47 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 1589.16 Crore)
  • DII sold in Cash (Net sell 315.86 Crore)
  • Most Active Nifty Call Option: 6100 and 6200.
  • Most Active Nifty Put Options: 6100 and 6000.
  • Advance Decline for the day was 516:767.
NIFTY TECHNICAL
Current Spot: 6124.05
Pivot: 6110
5DEMA: 6097
10DEMA: 6085
20DEMA: 6046
50DEMA: 5932
RSI (14 days): 59.49
Parabolic SAR: 6180
Supports: 6086 - 6048 - 6025
Resistance: 6148 - 6172 - 6209
Nifty Future VIX Range: 6056 - 6184
Nifty Future VWAP: 6119.08
MP Values Nifty Future: VAH - 6127, POC - 6115, VAL - 6103

TARGET NIFTY
Buy Nifty Future above 6136 - 6150 - 6170 - 6200 SL - 6115
Sell Nifty Future below 6109 - 6095 - 6075 - 6045 SL - 6127

BANKNIFTY TECHNICAL
Current Spot: 12805.90
Pivot: 12786
5DEMA: 12866
10DEMA: 12879
20DEMA: 12779
50DEMA: 12395
RSI (14 days): 53.75
Parabolic SAR: 13275
Supports: 12742 - 12678 - 12634
Resistance: 12850 - 12894 - 12958
Bank Nifty Future VIX Range: 12584 - 12955
Bank Nifty Future VWAP: 12798.46
MP Values Bank Nifty Future: VAH - 12818, POC - 12796, VAL - 12774

TARGET BANKNIFTY
Buy BankNifty Future above 12818 - 12850 - 12895 - 12950 SL - 12789
Sell BankNifty Future below 12774 - 12750 - 12700 - 12645 SL - 12805

INTRADAY TRADE
Reliance: Buy above 842 for targets of 847, 857 SL 836
Reliance: Sell below 834 for targets of 828, 818 SL 841
Beml: Buy above 184 for targets of 186, 189 SL 181
Itc: Buy above 355 for targets of 358, 364 SL 350

SCORE SHEET
Recltd: Buy above 236 for targets of 238, 241 SL 232: Call not active
TataMotors: Buy above 307 for targets of 310, 314 SL 302: Target 319.10 done

POSITIONAL TRADE
Adanipower: Buy above 59 for target of 63 SL 57 (2-3 Days)
UcoBannk: Buy above 79 for target of 85 SL 77.5 (1 Week)

Thanks and Regards

S&P Wealth Creators

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