Market outlook for 18/07/11

Nifty closed down 18.70 points (0.33%) at 5581.10 while Nifty Future closed at 5586.95, premium of 5.85 points.
Bank Nifty closed down 29.25 points (0.26%) at 11234.55 while Future closed at 11246.15, premium of 11.60 points.

• FII bought in Cash (Net buy 73.03 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 98.24 Crore)
• DII sold in Cash (Net sell 39.14 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 613:802.

NIFTY TECHNICAL

Current Spot: 5581.10
Pivot: 5592
5DEMA: 5593
10DEMA: 5593
20DEMA: 5568
50DEMA: 5563
RSI (15 days): 51.85
Parabolic SAR: 5726
Supports: 5552 - 5523 - 5483
Resistance: 5621 - 5661 - 5690
NF VIX Range: 5529 - 5645

Nifty Future VWAP: 5591.18
MP Values Futures: VAH - 5605, POC - 5582, VAL - 5564

TARGET NIFTY
Buy Nifty Future above 5601 - 5627 - 5661 - 5700 SL - 5592
Sell Nifty Future below 5579 - 5556 - 5526 - 5480 SL - 5600

BANKNIFTY TECHNICAL

Current Spot: 11234.55
Pivot: 11255
5DEMA: 11210
10DEMA: 11190
20DEMA: 11104
50DEMA: 11056
RSI (15 days): 56.04
Parabolic SAR: 11421
Supports:11175 - 11116 - 11036
Resistance: 11314 - 11394 - 11453
VIX Range: 11119 - 11373

Bank Nifty Future VWAP: 11268.57
MP Values Bank Nifty Futures: VAH - 11310, POC - 11269, VAL - 11228

TARGET BANKNIFTY
Buy BankNifty Future above 11278 - 11329 - 11418 - 11483 SL - 11259
Sell BankNifty Future below 11229 - 11187 - 11122 - 11033 SL - 11276

INTRADAY TRADE
Reliance Industries: Buy above 875 for targets of 877, 880, 887 SL 869
Reliance Industries: Sell below 867 for targets of 865, 862, 856 SL 874
Apollotyre: Buy above 81 for targets of 82, 83.2 SL 80.2
Auropharma: Buy above 173.9 for targets of 176, 179 SL 171

SCORE SHEET
Repro: Buy above 164 for targets of 167, 174 SL 157: Trade not executed
PFC: Buy above 215 for targets of 218, 225 SL 207: Trade not executed

POSITIONAL TRADE
Niittech: Buy above 210 for target of 220 SL 204 (2-3 Days)
Indorama: Buy above 47 for target of 52 SL 46.5 (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