Sunday, May 11, 2014

Market outlook for 12/05/2014

Nifty closed up 198.95 points (2.99%) at 6858.80 while Future closed at 6887.40, premium of 28.60 points.
Bank Nifty closed up 713.10 points (5.47%) at 13750.50 while Future closed at 13838.95, premium of 88.45 points.
  • FII bought in Cash (Net buy 1268.78 Crore)
  • FII sold in index option, stock future but bought in index future (Net sell 856.65 Crore)
  • DII sold in Cash (Net sell 75.30 Crore)
  • Most Active Nifty Call Option: 7200 and 7500.
  • Most Active Nifty Put Options: 6500 and 6400.
  • Advance Decline for the day was 927:570.
  • McClellan's oscillator for NSE at -24.
NIFTY TECHNICAL
Current Spot: 6858.80
Pivot: 6794
5DEMA: 6742
10DEMA: 6733
20DEMA: 6718
50DEMA: 6589
RSI (14 days): 65.29
Parabolic SAR: 6639
Supports: 6717 - 6575 - 6498
Resistance: 6936 - 7013 - 7155
Nifty Future VIX Range: 6828 - 6961
Nifty Future VWAP: 6809.54
MP Values Nifty Future: VAH - 6897, POC - 6842, VAL - 6770

TARGET NIFTY
Buy Nifty Future above 6897 - 6945 - 7000 - 7080 SL - 6809
Sell Nifty Future below 6808 - 6765 - 6710 - 6630 SL - 6842

BANKNIFTY TECHNICAL
Current Spot: 13750.50
Pivot: 13528
5DEMA: 13226
10DEMA: 13081
20DEMA: 12906
50DEMA: 12321
RSI (14 days): 76.64
Parabolic SAR: 12926
Supports: 13241 - 12731 - 12445
Resistance: 14037 - 14324 - 14834
Bank Nifty Future VIX Range: 13660 - 14138
Bank Nifty Future VWAP: 13494.73
MP Values Bank Nifty Future: VAH - 13795, POC - 13519, VAL - 13243

TARGET BANKNIFTY
Buy BankNifty Future above 13849 - 14005 - 14200 - 14510 SL - 13595
Sell BankNifty Future below 13586 - 13450 - 13260 - 12950 SL - 13619

INTRADAY TRADE
Fincables: Buy above 155 for targets of 157, 162 SL 152
Adaniports: Buy above 207 for targets of 210, 215 SL 203

SCORE SHEET
Bhel: Buy above 185 for targets of 187, 190 SL 182: Target 195.00 done
Arvind: Buy above 198 for targets of 200, 203 SL 195: SL Hit

POSITIONAL TRADE
RelInfra: Buy above 548 for target of 573 SL 534 (2-3 Days)
Hocl: Buy above 16.7 for target of 18 SL 16.5 (1 Week)

Thanks and Regards

MarketPulse S&P

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