Market outlook for 12/05/11

Nifty closed up 23.80 points (0.43%) at 5565.05 while Nifty Future closed at 5564.65 discount of 0.40 points.
Bank Nifty closed up 49.65 points (0.45%) at 11059.05 while Future closed at 11039.55 discount of 19.50 points.

• FII bought in Cash (Net buy 125.07 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 138.05 Crore)
• DII bought in Cash (Net buy 89.12 Crore)
• US futures are trading negative.
• Global cues are flat to negative.
• SGX nifty is flat to negative as of now.
• Most Active Nifty May Call Option: 5600 and 5700.
• Most Active Nifty May Put Options: 5600 and 5500.
• Advance Decline for the day was 820:557.

NIFTY TECHNICAL

Current Spot: 5565.05
Pivot: 5555
5DEMA: 5560
10DEMA: 5604
20DEMA: 5658
50DEMA: 5630
RSI (15 days): 43.03
Parabolic SAR: 5701
Supports: 5535 - 5505 - 5485
Resistance: 5585 - 5605 - 5635
DeMark’s: 5545 - 5595

Nifty Future VWAP: 5553.64
MP Values Futures: VAH - 5570, POC - 5558, VAL - 5546

TARGET NIFTY
Buy Nifty Future above 5569 - 5584 - 5607 - 5639 SL - 5553
Sell Nifty Future below 5547 - 5536 - 5504 - 5481 SL - 5558

BANKNIFTY TECHNICAL

Current Spot: 11059.05
Pivot: 11020
5DEMA: 11054
10DEMA: 11154
20DEMA: 11287
50DEMA: 11226
RSI (15 days): 43.83
Parabolic SAR: 11386
Supports: 10943 - 10827 - 10750
Resistance: 11136 - 11213 - 11329
DeMark’s: 10982 - 11175

Bank Nifty Future VWAP: 10994.27
MP Values Bank Nifty Futures: VAH - 11052, POC - 11000, VAL - 10948

TARGET BANKNIFTY
Buy BankNifty Future above 11048 - 11114 - 11194 - 11303 SL - 11005
Sell BankNifty Future below 10994 - 10936 - 10827 - 10747 SL - 11019

INTRADAY TRADE
Reliance Industries: Buy above 958 for targets of 960, 965, 974 SL 950
Reliance Industries: Sell below 948 for targets of 946, 940, 933 SL 955
Ranbaxy: Buy above 480 for targets of 484, 492 SL 469
YesBank: Buy above 304 for targets of 306, 310 SL 300

SCORE SHEET
Auropharma: Buy above 195 for targets of 197, 202 SL 191: Call not activated
UBL: Buy above 540 for targets of 545, 555 SL 529: Target 604.00 achieved

POSITIONAL TRADE
UBL: Buy above 600 for target of 645 SL 575 (One Week)
Mastek: Buy above 112 for target of 125 SL 105 (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