Wednesday, July 13, 2011

Market outlook for 14/07/11

Nifty closed up 59.30 points (1.07%) at 5585.45 while Nifty Future closed at 5599.75, premium of 14.30 points.
Bank Nifty closed up 119.70 points (1.09%) at 11142.25 while Future closed at 11170.30, premium of 28.05 points.
  • FII bought in Cash (Net buy 315.95 Crore)
  • FII bought in index future, stock future but sold in stock option (Net buy 269.16 Crore)
  • DII sold in Cash (Net sell 368.91 Crore)
  • US futures are trading positive.
  • Global cues are flat to positive.
  • SGX nifty is in flat 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 1042:382.
NIFTY TECHNICAL
Current Spot: 5585.45
Pivot: 5574
5DEMA: 5598
10DEMA: 5595
20DEMA: 5563
50DEMA: 5568
RSI (15 days): 52.19
Parabolic SAR: 5736
Supports: 5553 - 5520 - 5498
Resistance: 5607 - 5629 - 5662
NF VIX Range: 5538 - 5661
Nifty Future VWAP: 5583.81
MP Values Futures: VAH - 5592, POC - 5578, VAL - 5564

TARGET NIFTY
Buy Nifty Future above 5604 - 5620 - 5644 - 5680 SL - 5584
Sell Nifty Future below 5578 - 5566 - 5529 - 5506 SL - 5594

BANKNIFTY TECHNICAL
Current Spot: 11142.25
Pivot: 11122
5DEMA: 11165
10DEMA: 11162
20DEMA: 11072
50DEMA: 11049
RSI (15 days): 53.53
Parabolic SAR: 11441
Supports:11081 - 11019 - 10977
Resistance: 11184 - 11226 - 11287
VIX Range: 11038 - 11303
Bank Nifty Future VWAP: 11156.62
MP Values Bank Nifty Futures: VAH - 11170, POC - 11144, VAL - 11118

TARGET BANKNIFTY
Buy BankNifty Future above 11179 - 11211 - 11257 - 11320 SL - 11146
Sell BankNifty Future below 11135 - 11111 - 11046 - 10999 SL - 11159

INTRADAY TRADE
Reliance Industries: Buy above 868 for targets of 870, 875, 883 SL 860
Reliance Industries: Sell below 858 for targets of 856, 851, 843 SL 864
Kotakbank: Buy above 493 for targets of 497, 504 SL 485
Gitanjali: Buy above 313 for targets of 317, 325 SL 308

SCORE SHEET
JswEnergy: Buy above 71 for targets of 72, 73.5 SL 69.5: Target 73.85 achieved
Gati: Buy above 75 for targets of 76.5, 78 SL 72.4: Target 77.90 achieved

POSITIONAL TRADE
Arvind: Buy above 86 for target of 93 SL 84 (One Week)
Idea: Buy above 81 for target of 85 SL 79.9 (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