Market outlook for 13/07/11

Nifty closed down 89.95 points (1.60%) at 5526.15 while Nifty Future closed at 5539.95, premium of 13.80 points.
Bank Nifty closed down 112.95 points (1.01%) at 11022.55 while Future closed at 11058.80, premium of 36.25 points.

• FII sold in Cash (Net sell 969.44 Crore)
• FII bought in stock option but sold in index future, stock future (Net buy 272.34 Crore)
• DII bought in Cash (Net buy 286.77 Crore)
• US futures are trading flat.
• Global cues are flat.
• SGX nifty is in positive as of now.
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 358:1069.

NIFTY TECHNICAL

Current Spot: 5526.15
Pivot: 5534
5DEMA: 5604
10DEMA: 5597
20DEMA: 5561
50DEMA: 5567
RSI (15 days): 47.93
Parabolic SAR: 5740
Supports: 5489 - 5451 - 5405
Resistance: 5572 - 5618 - 5655
VIX Range: 5467 - 5586

Nifty Future VWAP: 5547.85
MP Values Futures: VAH - 5567, POC - 5541, VAL - 5515

TARGET NIFTY
Buy Nifty Future above 5549 - 5585 - 5634 - 5677 SL - 5439
Sell Nifty Future below 5532 - 5500 - 5457 - 5408 SL - 5548

BANKNIFTY TECHNICAL

Current Spot: 11022.55
Pivot: 11032
5DEMA: 11177
10DEMA: 11166
20DEMA: 11065
50DEMA: 11045
RSI (15 days): 49.69
Parabolic SAR: 11451
Supports:10932 - 10841 - 10742
Resistance: 11122 - 11222 - 11313
VIX Range: 10892 - 11154

Bank Nifty Future VWAP: 11056.72
MP Values Bank Nifty Futures: VAH - 11113, POC - 11058, VAL - 11003

TARGET BANKNIFTY
Buy BankNifty Future above 11076 - 11155 - 11257 - 11350 SL - 11059
Sell BankNifty Future below 11042 - 10971 - 10878 - 10776 SL - 11073

INTRADAY TRADE
Reliance Industries: Buy above 855 for targets of 856, 859, 865 SL 848
Reliance Industries: Sell below 844 for targets of 843, 840, 834 SL 852
JswEnergy: Buy above 71 for targets of 72, 73.5 SL 69.5
Gati: Buy above 75 for targets of 76.5, 78 SL 72.4

SCORE SHEET
Timken: Buy above 238 for targets of 241, 247 SL 232: Target 260.80 achieved
Cesc: Buy above 336 for targets of 338, 343 SL 331: Target 338.40 achieved

POSITIONAL TRADE
Rushil: Buy above 162 for target of 182 SL 151 (One Week)
Anantraj: Buy above 85 for target of 93 SL 82 (2-3 Days)

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