Market outlook for 28/05/2013

Nifty closed up 99.60 points (1.66%) at 6083.15 while Nifty Future closed at 6083.45, premium of 0.30 points.
Bank Nifty closed up 182.40 points (1.51%) at 12961.55 while Future closed at 12910.80, discount of 50.75 points.

• FII bought in Cash (Net buy 406.03 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 480.38 Crore)
• DII sold in Cash (Net sell 516.39 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 815:473.

NIFTY TECHNICAL

Current Spot: 6083.15
Pivot: 6053
5DEMA: 6054
10DEMA: 6061
20DEMA: 6023
50DEMA: 5918
RSI (14 days): 56.88
Parabolic SAR: 6212
Supports: 6006 - 5929 - 5881
Resistance: 6130 - 6177 - 6255

Nifty Future VIX Range: 6000 - 6137
Nifty Future VWAP: 6041.01
MP Values Nifty Future: VAH - 6073, POC - 6025, VAL - 5977

TARGET NIFTY
Buy Nifty Future above 6089 - 6115 - 6145 - 6190 SL - 6069
Sell Nifty Future below 6052 - 6025 - 5990 - 5955 SL - 6073

BANKNIFTY TECHNICAL

Current Spot: 12961.55
Pivot: 12904
5DEMA: 12900
10DEMA: 12895
20DEMA: 12749
50DEMA: 12368
RSI (14 days): 58.00
Parabolic SAR: 13365
Supports: 12793 - 12624 - 12513
Resistance: 13073 - 13183 - 13352

Bank Nifty Future VIX Range: 12685 - 13093
Bank Nifty Future VWAP: 12824.04
MP Values Bank Nifty Future: VAH - 12893, POC - 12814, VAL - 12735

TARGET BANKNIFTY
Buy BankNifty Future above 12921 - 13000 - 13200 - 12320 SL - 12814
Sell BankNifty Future below 12813 - 12730 - 12630 - 12510 SL - 12893

INTRADAY TRADE
Reliance: Buy above 830 for targets of 838, 850 SL 819
Reliance: Sell below 817 for targets of 811, 799 SL 823
CenturyTex: Buy above 305 for targets of 308, 312 SL 300
Sesagoa: Buy above 164.5 for targets of 167, 169 SL 163

SCORE SHEET
CoalIndia: Buy above 311 for targets of 314, 318 SL 308: Target 314.75 done
Ster: Buy above 94 for targets of 95, 96 SL 92.80: Target 96.65 done

POSITIONAL TRADE
Albk: Buy above 124 for target of 130 SL 121 (2-3 Days)
Tataglobal: Buy above 144 for target of 155 SL 140 (1 Week)

Thanks and Regards

S&P Wealth Creators