Market outlook for 25/04/11

Nifty closed up 33.05 points (0.56%) at 5884.70 while Nifty April Future closed at 5903.55 premium of 18.85 points.
Bank Nifty closed up 100.20 points (0.85%) at 11894.75 while April Future closed at 11926.00 premium of 31.25 points.

• FII bought in Cash (Net buy 307.79 Crore)
• FII bought in index future, index option and Stock Future (Net buy 848.07 Crore)
• DII sold in Cash (Net sell 269.62 Crore)
• US market ended in GREEN.
• Global cues are positive.
• SGX nifty is flat to positive as of now.
• Most Active Nifty April Call Option: 5900 and 6000.
• Most Active Nifty April Put Options: 5900 and 5800.
• Advance Decline for the day was 633:758.

NIFTY TECHNICAL

Current Spot: 5884.70
Pivot: 5887
5DEMA: 5834
10DEMA: 5819
20DEMA: 5766
50DEMA: 5665
RSI (15 days): 59.75
Parabolic SAR: 5693
Supports: 5862 - 5839
Resistance: 5910 - 5936
DeMark’s: 5874 - 5923

Nifty Future VWAP: 5903.35
MP Values Futures: VAH - 5918, POC - 5906, VAL - 5894

TARGET NIFTY
Buy Nifty Future above 5910 - 5927 - 5954 - 5980 SL - 5899
Sell Nifty Future below 5895 - 5880 - 5859 - 5830 SL - 5908

BANKNIFTY TECHNICAL

Current Spot: 11894.75
Pivot: 11886
5DEMA: 11759
10DEMA: 11705
20DEMA: 11563
50DEMA: 11255
RSI (15 days): 62.3
Parabolic SAR: 11932
Supports: 11846 - 11797
Resistance: 11935 - 11975
DeMark’s: 11866 - 11955

Bank Nifty Future VWAP: 11913.41
MP Values Bank Nifty Futures: VAH - 11940, POC - 11914, VAL - 11888

TARGET BANKNIFTY
Buy BankNifty Future above 11935 - 11965 - 12000 - 12060 SL - 11909
Sell BankNifty Future below 11899 - 11875 - 11830 - 11780 SL - 11926

INTRADAY TRADE
Reliance Industries: Buy above 1043 for targets of 1045, 1050, 1058 SL 1036
Reliance Industries: Sell below 1033 for targets of 1031, 1027, 1021 SL 1041
Alkali: Buy above 67.5 for targets of 69, 71 SL 63.5
SesaGoa: Buy above 324 for targets of 327, 332 SL 318

SCORE SHEET
Jublfood: Buy above 684 for targets of 690, 700 SL 673: Target 705.00 achieved
Hcltech: Buy above 525 for targets of 529, 535 SL 518: Target 528.00 achieved

POSITIONAL TRADE
AlokText: Buy above 27.2 for target of 30 SL 26.3 (One Week)
PrajInd: Buy above 80 for target of 85 SL 77.6 (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