Market outlook for 23/04/2013

Nifty closed up 51.30 points (0.89%) at 5834.40 while Nifty Future closed at 5832.85, discount of 1.55 points.
Bank Nifty closed up 287.95 points (2.34%) at 12576.20 while Future closed at 12567.85, discount of 8.35 points.

• FII bought in Cash (Net buy 915.82 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1272.66 Crore)
• DII sold in Cash (Net sell 442.54 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 832:469.

NIFTY TECHNICAL

Current Spot: 5834.40
Pivot: 5823
5DEMA: 5733
10DEMA: 5683
20DEMA: 5679
50DEMA: 5759
RSI (14 days): 60.85
Parabolic SAR: 5516
Supports: 5801 - 5768 - 5746
Resistance: 5856 - 5878 - 5911

Nifty Future VIX Range: 5781 - 5901
Nifty Future VWAP: 5816.53
MP Values Nifty Future: VAH - 5827, POC - 5814, VAL - 5801

TARGET NIFTY
Buy Nifty Future above 5837 - 5850 - 5870 - 5900 SL - 5814
Sell Nifty Future below 5813 - 5801 - 5780 - 5750 SL - 5827

BANKNIFTY TECHNICAL

Current Spot: 12576.20
Pivot: 12511
5DEMA: 12110
10DEMA: 11817
20DEMA: 11654
50DEMA: 11783
RSI (14 days): 72.14
Parabolic SAR: 11374
Supports: 12383 - 12190 - 12063
Resistance: 12704 - 12831 - 13024

Bank Nifty Future VIX Range: 12443 - 12839
Bank Nifty Future VWAP: 12497.25
MP Values Bank Nifty Future: VAH - 12538, POC - 12474, VAL - 11410

TARGET BANKNIFTY
Buy BankNifty Future above 12577 - 12650 - 12750 - 12880 SL - 12495
Sell BankNifty Future below 12490 - 12425 - 11325 - 11200 SL - 12538

INTRADAY TRADE
Reliance: Buy above 792 for targets of 800, 811 SL 785
Reliance: Sell below 784 for targets of 775, 766 SL 790
Amarajabat: Buy above 260 for targets of 263, 267 SL 256
RelInfra: Buy above 384 for targets of 389, 395 SL 377

SCORE SHEET
Lt: Buy above 1482 for targets of 1496, 1515 SL 1467: Target 1539.00 done
Raymond: Buy above 276 for targets of 279, 283 SL 272: Target 283.90 done

POSITIONAL TRADE
Apollotyre: Buy above 94 for target of 97 SL 92.3 (2-3 Days)
Kesoramind: Buy above 97 for target of 107 SL 93 (1 Week)

Thanks and Regards

S&P Wealth Creators