Market outlook for 26/04/2012

Nifty closed down 20.65 points (0.40%) at 5202.00 while Nifty Future closed at 5198.60, discount of 3.40 points.
Bank Nifty closed down 55.30 points (0.54%) at 10159.85 while Future closed at 10167.25, premium of 7.40 points.

• FII sold in Cash (Net sell 340.84 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 290.63 Crore)
• DII bought in Cash (Net buy 40.70 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 448:987.

NIFTY TECHNICAL

Current Spot: 5202.00
Pivot: 5200
5DEMA: 5233
10DEMA: 5248
20DEMA: 5262
50DEMA: 5279
RSI (14 days): 44.59
Parabolic SAR: 5374
Supports: 5163 - 5124 - 5088
Resistance: 5239 - 5275 - 5314
CAM Support: 5195 - 5188 - 5181 - 5161
CAM Resistance: 5209 - 5216 - 5223 - 5243
NF VIX Range: 5137 - 5260

Nifty Future VWAP: 5197.36
MP Values Nifty Future: VAH - 5224, POC - 5197, VAL - 5170

TARGET NIFTY
Buy Nifty Future above 5202 - 5235 - 5275 - 5315 SL - 5191
Sell Nifty Future below 5188 - 5160 - 5120 - 5080 SL - 5199

BANKNIFTY TECHNICAL

Current Spot: 10159.85
Pivot: 10160
5DEMA: 10277
10DEMA: 10318
20DEMA: 10324
50DEMA: 10300
RSI (14 days): 44.95
Parabolic SAR: 10634
Supports: 10043 - 9926 - 9809
Resistance: 10277 - 10395 - 10511
CAM Support: 10138 - 10117 - 10095 - 10031
CAM Resistance: 10181 - 10203 - 10224 - 10289
Bank Nifty VIX Range: 10005 - 10329

Bank Nifty Future VWAP: 10166.63
MP Values Bank Nifty Future: VAH - 10205, POC - 10128, VAL - 10051

TARGET BANKNIFTY
Buy BankNifty Future above 10175 - 10285 - 10410 - 10535 SL - 10154
Sell BankNifty Future below 10148 - 10045 - 9920 - 9800 SL - 10169

INTRADAY TRADE
Reliance Industries: Buy above 738 for targets of 742, 748, 756 SL 734
Reliance Industries: Sell below 732 for targets of 728, 723, 717 SL 737
Hsil: Buy above 166 for targets of 168, 171 SL 164
RajTv: Buy above 163 for targets of 166, 170 SL 160

SCORE SHEET
ManInfra: Buy above 225 for targets of 230, 240 SL 214: Target 228.90 done
Wipro: Buy above 443 for targets of 447, 454 SL 437: Call not Active

POSITIONAL TRADE
Prakashcon: Buy above 127 for target of 135 SL 121 (2-3 Days)
IvrclInfra: Buy above 64 for target of 69 SL 62.5 (1 Week)

Thanks and Regards

S&P Wealth Creators