Market outlook for 27/05/2013

Nifty closed up 16.50 points (0.28%) at 5983.55 while Nifty Future closed at 5985.40, premium of 1.85 points.
Bank Nifty closed up 132.85 points (1.05%) at 12769.35 while Future closed at 12706.60, discount of 18.40 points.

• FII sold in Cash, yes SOLD (Net sell 238.56 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 1348.32 Crore)
• DII sold in Cash (Net sell 132.79 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 700:591.

NIFTY TECHNICAL

Current Spot: 5983.55
Pivot: 5979
5DEMA: 6040
10DEMA: 6056
20DEMA: 6017
50DEMA: 5916
RSI (14 days): 49.95
Parabolic SAR: 6224
Supports: 5942 - 5900 - 5863
Resistance: 6020 - 6057 - 6099

Nifty Future VIX Range: 5926 - 6056
Nifty Future VWAP: 5978.71
MP Values Nifty Future: VAH - 5998, POC - 5979, VAL - 5960

TARGET NIFTY
Buy Nifty Future above 5998 - 6015 - 6040 - 6080 SL - 5979
Sell Nifty Future below 5960 - 5940 - 5915 - 5875 SL - 5995

BANKNIFTY TECHNICAL

Current Spot: 12769.35
Pivot: 12727
5DEMA: 12870
10DEMA: 12880
20DEMA: 12727
50DEMA: 12353
RSI (14 days): 53.92
Parabolic SAR: 13398
Supports: 12625 - 12481 - 12379
Resistance: 12871 - 12973 - 13117

Bank Nifty Future VIX Range: 12524 - 12926
Bank Nifty Future VWAP: 12661.02
MP Values Bank Nifty Future: VAH - 12768, POC - 12705, VAL - 12636

TARGET BANKNIFTY
Buy BankNifty Future above 12716 - 12770 - 12870 - 12980 SL - 12655
Sell BankNifty Future below 12636 - 12560 - 12460 - 12350 SL - 12705

INTRADAY TRADE
Reliance: Buy above 791 for targets of 797, 808 SL 785
Reliance: Sell below 783 for targets of 777, 765 SL 789
CoalIndia: Buy above 311 for targets of 314, 318 SL 308
Ster: Buy above 94 for targets of 95, 96 SL 92.80

SCORE SHEET
TataMotors: Buy above 292 for targets of 294, 297 SL 289: Target 296.15 done
Glenmark: Buy above 574 for targets of 578, 586 SL 569: Call not Active

POSITIONAL TRADE
Lichsgfin: Buy above 275 for target of 285 SL 271 (2-3 Days)
Hexaware: Buy above 80 for target of 86 SL 76.9 (1 Week)

Thanks and Regards

S&P Wealth Creators