Market outlook for 14/02/11

Nifty closed up 84.20 points (1.61%) at 5310.00 while Nifty February Future closed at 5317.45 premium of 7.45 points
Bank Nifty closed up 373.65 points (3.71%) at 10447.75 while February Future closed at 10462.75 premium of 15.00 points.

• FII sold in Cash (Net sell 537.71 Crore)
• FII bought in index future, index option and stock future (Net buy 1587.47 Crore)
• DII bought in Cash (Net buy 519.67 Crore)
• US market ended in Green.
• Global cues are flat to positive.
• SGX nifty is positive as of now.
• Most Active Nifty Feb Call Option: 5300 and 5400.
• Most Active Nifty Feb Put Options: 5200 and 5100.
• Advance Decline for the day was 1165:228

NIFTY TECHNICAL

Current Spot: 5310.00
Pivot: 5269
5DEMA: 5310
10DEMA: 5380
20DEMA: 5505
50DEMA: 5710
RSI (15 days): 32.79
Parabolic SAR: 5355
Supports: 5219 - 5127
Resistance: 5360 - 5411

Nifty Future VWAP: 5247.56
MP Values Futures: VAH - 5270, POC - 5210, VAL - 5176

TARGET NIFTY
Buy Nifty Future above 5321 - 5371 - 5426 - 5525 SL - 5271
Sell Nifty Future below 5266 - 5221 - 5122 - 5066 SL - 5277

BANKNIFTY TECHNICAL

Current Spot: 10447.75
Pivot: 10328
5DEMA: 10295
10DEMA: 10382
20DEMA: 10567
50DEMA: 11052
RSI (15 days): 43.57
Parabolic SAR: 10804
Supports: 10182 - 9915
Resistance: 10594 - 10740

Bank Nifty Future VWAP: 10266.89
MP Values Bank Nifty Futures: VAH - 10398, POC - 10146, VAL - 10082

TARGET BANKNIFTY
Buy BankNifty Future above 10471 - 10613 - 10768 - 11037 SL - 10344
Sell BankNifty Future below 10333 - 10199 - 9930 - 9775 SL - 10354

INTRADAY TRADE
Reliance Industries: Buy above 912 for targets of 916, 922, 929 SL 902
Reliance Industries: Sell below 900 for targets of 896, 891, 882 SL 907
Gitanjali: Buy above 228 for targets of 232, 238 SL 221
Relinfra: Buy above 620 for targets of 629, 645 SL 601

SCORE SHEET
OnMobile: Buy above 218 for targets of 222, 230 SL 207: Target 227.00 achieved
Aban: Buy above 555 for targets of 561, 569 SL 545: Target 572.00 achieved

POSITIONAL TRADE
Aptecht: Buy above 95 for target of 103 SL 91 (One Week)
MIC: Buy above 20 for target of 21.6 SL 18.9 (One Week)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators