Market outlook for 19/04/11

Nifty closed down 95.45 points (1.64%) at 5729.10 while Nifty April Future closed at 5736.00 premium of 6.90 points.
Bank Nifty closed down 195.90 points (1.67%) at 11539.75 while April Future closed at 11575.10 premium of 35.35 points.

• FII sold in Cash (Net sell 981.56 Crore)
• FII bought in Index Option but sold in index future, stock future (Net buy 687.26 Crore)
• DII bought in Cash (Net buy 661.47 Crore)
• US market is trading in RED.
• Global cues are flat to negative.
• SGX nifty is negative as of now.
• Most Active Nifty April Call Option: 5800 and 5900.
• Most Active Nifty April Put Options: 5800 and 5700.
• Advance Decline for the day was 369:1025.

NIFTY TECHNICAL

Current Spot: 5729.10
Pivot: 5783
5DEMA: 5809
10DEMA: 5806
20DEMA: 5743
50DEMA: 5647
RSI (15 days): 51.62
Parabolic SAR: 5936
Supports: 5668 - 5607
Resistance: 5844 - 5959
DeMark’s: 5638 - 5814

Nifty Future VWAP: 5812.75
MP Values Futures: VAH - 5848, POC - 5789, VAL - 5730

TARGET NIFTY
Buy Nifty Future above 5799 - 5858 - 5924 - 6010 SL - 5789
Sell Nifty Future below 5727 - 5671 - 5604 - 5520 SL - 5790

BANKNIFTY TECHNICAL

Current Spot: 11539.75
Pivot: 11651
5DEMA: 11666
10DEMA: 11644
20DEMA: 11491
50DEMA: 11165
RSI (15 days): 54.83
Parabolic SAR: 11525
Supports: 11414 - 11289
Resistance: 11776 - 12013
DeMark’s: 11351 - 11713

Bank Nifty Future VWAP: 11713.85
MP Values Bank Nifty Futures: VAH - 11778, POC - 11606, VAL - 11554

TARGET BANKNIFTY
Buy BankNifty Future above 11699 - 11811 - 11985 - 12145 SL - 11679
Sell BankNifty Future below 11558 - 11444 - 10325 - 11205 SL - 11690

INTRADAY TRADE
Reliance Industries: Buy above 1023 for targets of 1026, 1031, 1040 SL 1016
Reliance Industries: Sell below 1008 for targets of 1004, 997, 988 SL 1021
GeShip: Buy above 285 for targets of 288, 295 SL 281
Nelco: Buy above 89 for targets of 91, 94 SL 87.5

SCORE SHEET
UFlex: Buy above 185 for targets of 188, 195 SL 177: Target 188.50 achieved
Jublfood: Buy above 630 for targets of 639, 654 SL 621: Target 639.50 achieved

POSITIONAL TRADE
MundraPort: Buy above 150 for target of 162 SL 146 (One Week)
Crompgreav: Buy above 294 for target of 310 SL 289 (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