Market outlook for 27/04/2012

Nifty closed down 13.00 points (0.25%) at 5189.00 while Nifty Future closed at 5214.70, premium of 25.70 points.
Bank Nifty closed down 31.85 points (0.31%) at 10128.00 while Future closed at 10134.25, premium of 6.25 points.

• FII sold in Cash (Net sell 376.08 Crore)
• FII sold in index future but bought in stock future, index option (Net sell 182.99 Crore)
• DII bought in Cash (Net buy 63.49 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 538:887.

NIFTY TECHNICAL

Current Spot: 5189.00
Pivot: 5195
5DEMA: 5218
10DEMA: 5237
20DEMA: 5255
50DEMA: 5279
RSI (14 days): 43.60
Parabolic SAR: 5366
Supports: 5174 - 5158 - 5137
Resistance: 5210 - 5231 - 5247
CAM Support: 5186 - 5182 - 5179 - 5169
CAM Resistance: 5192 - 5196 - 5199 - 5209
NF VIX Range: 5155 - 5275

Nifty Future VWAP: 5224.62
MP Values Nifty Future: VAH - 5236, POC - 5226, VAL - 5216

TARGET NIFTY
Buy Nifty Future above 5226 - 5236 - 5260 - 5376 SL - 5217
Sell Nifty Future below 5207 - 5200 - 5185 - 5162 SL - 5225

BANKNIFTY TECHNICAL

Current Spot: 10128.00
Pivot: 10135
5DEMA: 10227
10DEMA: 10283
20DEMA: 10305
50DEMA: 10289
RSI (14 days): 44.18
Parabolic SAR: 10610
Supports: 10076 - 10025 - 9966
Resistance: 10187 - 10246 - 10297
CAM Support: 10118 - 10108 - 10098 - 10067
CAM Resistance: 10138 - 10148 - 10158 - 10189
Bank Nifty VIX Range: 9993 - 10275

Bank Nifty Future VWAP: 10151.67
MP Values Bank Nifty Future: VAH - 10174, POC - 10145, VAL - 10116

TARGET BANKNIFTY
Buy BankNifty Future above 10175 - 10215 - 10305 - 10360 SL - 10152
Sell BankNifty Future below 10119 - 10085 - 10030 - 9950 SL - 10173

INTRADAY TRADE
Reliance Industries: Buy above 747 for targets of 750, 755, 765 SL 741
Reliance Industries: Sell below 739 for targets of 736, 731, 721 SL 744
Kotakbank: Buy above 585 for targets of 590, 599 SL 576
Tatacomm: Buy above 236 for targets of 239, 244 SL 233

SCORE SHEET
Hsil: Buy above 166 for targets of 168, 171 SL 164: Target 168.45 done
RajTv: Buy above 163 for targets of 166, 170 SL 160: SL Hit

POSITIONAL TRADE
Idea: Buy above 83.8 for target of 86 SL 82.3 (2-3 Days)
Punjlloyd: Buy above 55 for target of 59 SL 53.6 (1 Week)

Thanks and Regards

S&P Wealth Creators