Tuesday, May 15, 2012

Market outlook for 16/05/2012

Nifty closed up 35.00 points (0.71%) at 4942.80 while Nifty Future closed at 4942.25, discount of 0.55 points.
Bank Nifty closed up 62.05 points (0.67%) at 9319.70 while Future closed at 9284.75, discount of 34.95 points.
  • FII sold in Cash (Net sell 184.28 Crore)
  • FII sold in index future, index option but bought in stock future (Net sell 305.04 Crore)
  • DII sold in Cash (Net sell 82.85 Crore)
  • Most Active Nifty Call Option: 5000 and 5100.
  • Most Active Nifty Put Options: 4900 and 4800.
  • Advance Decline for the day was 771:646.
NIFTY TECHNICAL
Current Spot: 4942.80
Pivot: 4922
5DEMA: 4958
10DEMA: 5017
20DEMA: 5095
50DEMA: 5214
RSI (14 days): 31.76
Parabolic SAR: 5041
Supports: 4889 - 4836 - 4803
Resistance: 4976 - 5009 - 5062
CAM Support: 4935 - 4927 - 4919 - 4895
CAM Resistance: 4951 - 4959 - 4967 - 4990
NF VIX Range: 4888 - 4997
Nifty Future VWAP: 4925.88
MP Values Nifty Future: VAH - 4954, POC - 4939, VAL - 4915

TARGET NIFTY
Buy Nifty Future above 4946 - 4975 - 5010 - 5070 SL - 4917
Sell Nifty Future below 4912 - 4890 - 4830 - 4795 SL - 4927

BANKNIFTY TECHNICAL
Current Spot: 9319.70
Pivot: 9282
5DEMA: 9404
10DEMA: 9591
20DEMA: 9828
50DEMA: 10141
RSI (14 days): 28.99
Parabolic SAR: 9754
Supports: 9203 - 9087 - 9008
Resistance: 9399 - 9478 - 9594
CAM Support: 9302 - 9284 - 9266 - 9212
CAM Resistance: 9338 - 9356 - 9373 - 9427
Bank Nifty VIX Range: 9135 - 9434
Bank Nifty Future VWAP: 9252.50
MP Values Bank Nifty Future: VAH - 9320, POC - 9271, VAL - 9219

TARGET BANKNIFTY
Buy BankNifty Future above 9292 - 9365 - 9450 - 9585 SL - 9230
Sell BankNifty Future below 9221 - 9155 - 9020 - 8935 SL - 9248

INTRADAY TRADE
Reliance Industries: Buy above 683 for targets of 687, 693, 701 SL 680
Reliance Industries: Sell below 678 for targets of 675, 669, 662 SL 683
AsianPaints: Buy above 3780 for targets of 3797, 3835 SL 3740
JswSteel: Buy above 657 for targets of 663, 678 SL 643

SCORE SHEET
Mcdowell-n: Buy above 633 for targets of 638, 648 SL 624: Target 669.95 done
MindTree: Buy above 606 for targets of 612, 622 SL 595: Target 619.00 done

POSITIONAL TRADE
IRB: Buy above 113 for target of 119 SL 109 (2-3 Days)
Kpit: Buy above 116 for target of 124 SL 112.5 (1 Week)

Thanks and Regards

S&P Wealth Creators

2 comments:

  1. Sanjay Sir,

    I am new at this blog and do not understand the terminology yet. Will you please throw some more light on SMR VAH POC etc?

    ReplyDelete
    Replies
    1. Please go to Write-ups Section for help.

      Delete

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