Market outlook for 01/08/11

Nifty closed down 5.75 points (0.10%) at 5482.00 while Nifty Future closed at 5488.05, premium of 6.05 points.
Bank Nifty closed up 65.15 points (0.60%) at 10893.65 while Future closed at 10910.80, premium of 17.15 points.

• FII sold in Cash (Net sell 464.03 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 574.35 Crore)
• DII bought in Cash (Net buy 411.82 Crore)
• US futures are ended negative.
• Global cues are flat.
• SGX nifty is in flat as of now.
• Most Active Nifty Call Option: 5500 and 5600.
• Most Active Nifty Put Options: 5500 and 5400.
• Advance Decline for the day was 488:919.

NIFTY TECHNICAL

Current Spot: 5482.00
Pivot: 5485
5DEMA: 5530
10DEMA: 5556
20DEMA: 5563
50DEMA: 5555
RSI (15 days): 43.73
Parabolic SAR: 5697
Supports: 5451 - 5419 - 5384
Resistance: 5517 - 5552 - 5583
NF VIX Range: 5430 - 5546

Nifty Future VWAP: 5492.98
MP Values Future: VAH - 5499, POC - 5482, VAL - 5465

TARGET NIFTY
Buy Nifty Future above 5496 - 5525 - 5564 - 5600 SL - 5487
Sell Nifty Future below 5480 - 5455 - 5420 - 5380 SL - 5495

BANKNIFTY TECHNICAL

Current Spot: 10893.65
Pivot: 10874
5DEMA: 10991
10DEMA: 11072
20DEMA: 11095
50DEMA: 11039
RSI (15 days): 44.33
Parabolic SAR: 11420
Supports: 10778 - 10663 - 10568
Resistance: 10989 - 11084 - 11199
Bank Nifty VIX Range: 10771 - 11051

Bank Nifty Future VWAP: 10886.20
MP Values Bank Nifty Future: VAH - 10886, POC - 10831, VAL - 10776

TARGET BANKNIFTY
Buy BankNifty Future above 10919 - 10999 - 11096 - 11217 SL - 10879
Sell BankNifty Future below 10868 - 10795 - 10673 - 10578 SL - 10891

INTRADAY TRADE
Reliance Industries: Buy above 837 for targets of 840, 845, 853 SL 831
Reliance Industries: Sell below 824 for targets of 821, 816, 808 SL 835
Aptecht: Buy above 139 for targets of 143, 148 SL 136
Neyvelilig: Buy above 100 for targets of 102, 105 SL 97

SCORE SHEET
SunTv: Buy above 342 for targets of 348, 358 SL 333: Call not activated
Panasonic: Buy above 170 for targets of 173, 180 SL 167: Call not activated

POSITIONAL TRADE
Aloktext: Buy above 25.20 for target of 26.40 SL 231 (2-3 Days)
Exideind: Buy above 155 for target of 165 SL 150 (1 Week)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators