Market outlook for 25/05/11

Nifty closed up 8.30 points (0.15%) at 5394.85 while Nifty Future closed at 5387.85 discount of 7.00 points.
Bank Nifty closed up 57.30 points (0.55%) at 10425.55 while Future closed at 10428.85 premium of 3.30 points.

• FII bought in Cash (Net buy 188.16 Crore after many days)
• FII bought in index future, stock future and index option (Net buy 514.46 Crore)
• DII bought in Cash (Net buy 32.95 Crore)
• US futures are trading positive.
• Global cues are flat to positive.
• SGX nifty is flat as of now.
• Most Active Nifty May Call Option: 5400 and 5500.
• Most Active Nifty May Put Options: 5400 and 5300.
• Advance Decline for the day was 636:758.

NIFTY TECHNICAL

Current Spot: 5394.85
Pivot: 5395
5DEMA: 5425
10DEMA: 5463
20DEMA: 5531
50DEMA: 5567
RSI (15 days): 37.94
Parabolic SAR: 5494
Supports: 5367 - 5340 - 5312
Resistance: 5422 - 5450 - 5478
DeMark’s: 5381 - 5436

Nifty Future VWAP: 5392.87
MP Values Futures: VAH - 5403, POC - 5389, VAL - 5375

TARGET NIFTY
Buy Nifty Future above 5393 - 5414 - 5444 - 5472 SL - 5386
Sell Nifty Future below 5380 - 5362 - 5333 - 5304 SL - 5391

BANKNIFTY TECHNICAL

Current Spot: 10425.55
Pivot: 10437
5DEMA: 10532
10DEMA: 10679
20DEMA: 10896
50DEMA: 11021
RSI (15 days): 35.45
Parabolic SAR: 10736
Supports: 10349 - 10273 - 10185
Resistance: 10513 - 10601 - 10677
DeMark’s: 10393 - 10557

Bank Nifty Future VWAP: 10432.89
MP Values Bank Nifty Futures: VAH - 10485, POC - 10436, VAL - 10387

TARGET BANKNIFTY
Buy BankNifty Future above 10438 - 10520 - 10612 - 10710 SL - 10419
Sell BankNifty Future below 10411 - 10338 - 10241 - 10147 SL - 10432

INTRADAY TRADE
Reliance Industries: Buy above 918 for targets of 920, 927, 935 SL 912
Reliance Industries: Sell below 911 for targets of 909, 903, 895 SL 917
Hdil: Buy above 156 for targets of 158, 161 SL 152
Bomdyeing: Buy above 349 for targets of 352, 359 SL 345

SCORE SHEET
Divilab: Buy above 748 for targets of 753, 758 SL 740: Call not activated
Gail: Buy above 437 for targets of 441, 448 SL 428: Call not activated

POSITIONAL TRADE
YesBank: Buy above 284 for target of 292 SL 279 (One Week)
Saberorgan: Buy above 92 for target of 99 SL 88 (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