Market outlook for 13/05/11

Nifty closed down 78.90 points (1.42%) at 5486.15 while Nifty Future closed at 5481.35 discount of 4.80 points.
Bank Nifty closed down 171.60 points (1.55%) at 10887.45 while Future closed at 10875.30 discount of 12.15 points.

• FII sold in Cash (Net sell 420.03 Crore)
• FII sold in index future, stock future and in index option (Net sell 1460.81 Crore)
• DII bought in Cash (Net buy 312.44 Crore)
• US futures are trading flat.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty May Call Option: 5500 and 5600.
• Most Active Nifty May Put Options: 5500 and 5400.
• Advance Decline for the day was 391:1025.

NIFTY TECHNICAL

Current Spot: 5486.15
Pivot: 5512
5DEMA: 5535
10DEMA: 5582
20DEMA: 5642
50DEMA: 5638
RSI (15 days): 38.07
Parabolic SAR: 5676
Supports: 5451 - 5415 - 5355
Resistance: 5547 - 5608 - 5643
DeMark’s: 5433 - 5529

Nifty Future VWAP: 5518.66
MP Values Futures: VAH - 5540, POC - 5486, VAL - 5472

TARGET NIFTY
Buy Nifty Future above 5514 - 5546 - 5614 - 5654 SL - 5503
Sell Nifty Future below 5473 - 5445 - 5405 - 5338 SL - 5513

BANKNIFTY TECHNICAL

Current Spot: 10887.45
Pivot: 10943
5DEMA: 10998
10DEMA: 11106
20DEMA: 11250
50DEMA: 11245
RSI (15 days): 39.79
Parabolic SAR: 11315
Supports: 10810 - 10732 - 10599
Resistance: 11021 - 11154 - 11231
DeMark’s: 10771 - 10982

Bank Nifty Future VWAP: 10948.47
MP Values Bank Nifty Futures: VAH - 11078, POC - 11008, VAL - 10926

TARGET BANKNIFTY
Buy BankNifty Future above 10941 - 11016 - 11163 - 11252 SL - 10919
Sell BankNifty Future below 10859 - 10791 - 10702 - 10555 SL - 10938

INTRADAY TRADE
Reliance Industries: Buy above 952 for targets of 954, 958, 965 SL 945
Reliance Industries: Sell below 941 for targets of 939, 935, 928 SL 949
Hdil: Buy above 154.5 for targets of 155.5, 158 SL 151.5
AmtekAuto: Buy above 156.5 for targets of 158, 161 SL 155

SCORE SHEET
Ranbaxy: Buy above 480 for targets of 484, 492 SL 469: Target 483.80 achieved
YesBank: Buy above 304 for targets of 306, 310 SL 300: Call not activated

POSITIONAL TRADE
Sudar: Buy above 131 for target of 145 SL 128 (One Week)
SyndiBank: Buy above 116 for target of 127 SL 114 (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