Market outlook for 27/04/11

Nifty closed down 6.10 points (0.10%) at 5868.40 while Nifty April Future closed at 5881.10 premium of 12.70 points.
Bank Nifty closed down 11.30 points (0.10%) at 11867.70 while April Future closed at 11899.00 premium of 31.30 points.

• FII sold in Cash (Net sell 554.03 Crore)
• FII sold in index future and stock future but bought in index option (Net sell 89.91 Crore)
• DII bought in Cash (Net buy 161.81 Crore)
• US futures are trading Positive.
• Global cues are flat to Positive.
• SGX nifty is flat to Positive as of now.
• Most Active Nifty April Call Option: 5800 and 5900.
• Most Active Nifty April Put Options: 5900 and 5800.
• Advance Decline for the day was 579:810.

NIFTY TECHNICAL

Current Spot: 5868.40
Pivot: 5851
5DEMA: 5854
10DEMA: 5836
20DEMA: 5785
50DEMA: 5672
RSI (15 days): 58.68
Parabolic SAR: 5702
Supports: 5809 - 5749
Resistance: 5911 - 5953
DeMark’s: 5779 - 5881

Nifty Future VWAP: 5840.00
MP Values Futures: VAH - 5864, POC - 5830, VAL - 5796

TARGET NIFTY
Buy Nifty Future above 5891 - 5918 - 5949 - 5985 SL - 5871
Sell Nifty Future below 5876 - 5861 - 5840 - 5800 SL - 5890

BANKNIFTY TECHNICAL

Current Spot: 11867.70
Pivot: 11830
5DEMA: 11822
10DEMA: 11760
20DEMA: 11619
50DEMA: 11283
RSI (15 days): 61.73
Parabolic SAR: 11492
Supports: 11748 - 11627
Resistance: 11950 - 12033
DeMark’s: 11687 - 11890

Bank Nifty Future VWAP: 11830.84
MP Values Bank Nifty Futures: VAH - 11884, POC - 11818, VAL - 11752

TARGET BANKNIFTY
Buy BankNifty Future above 11908 - 11980 - 12065 - 12190 SL - 11848
Sell BankNifty Future below 11836 - 11775 - 11645 - 11555 SL - 11870

INTRADAY TRADE
Reliance Industries: Buy above 1006 for targets of 1009, 1013, 1018 SL 1002
Reliance Industries: Sell below 995 for targets of 993, 990, 983 SL 1001
Apil: Buy above 642 for targets of 649, 658 SL 631
UFlex: Buy above 208 for targets of 211, 216 SL 202

SCORE SHEET
BlueDart: Buy above 1500 for targets of 1520, 1555 SL 1475: Target 1550.00 achieved
ThomasCook: Buy above 61.8 for targets of 63, 65 SL 60: Target 62.35 achieved and then SL

POSITIONAL TRADE
Siemens: Buy above 867 for target of 931 SL 835 (One Week)
Neyvelilig: Buy above 115 for target of 123 SL 111 (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