Tuesday, July 19, 2011

Market outlook for 20/07/11

Nifty closed up 46.50 points (0.84%) at 5613.55 while Nifty Future closed at 5624.30, premium of 10.75 points.
Bank Nifty closed up 85.00 points (0.76%) at 11309.95 while Future closed at 11344.50, premium of 30.65 points.
  • FII bought in Cash (Net buy 293.29 Crore)
  • FII sold in index future, index option, stock future (Net sell 1238.27 Crore)
  • DII sell in Cash (Net sell 226.92 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 880:527.
NIFTY TECHNICAL
Current Spot: 5613.55
Pivot: 5599
5DEMA: 5594
10DEMA: 5593
20DEMA: 5572
50DEMA: 5559
RSI (15 days): 54.43
Parabolic SAR: 5717
Supports: 5571 - 5529 - 5501
Resistance: 5642 - 5670 - 5712
NF VIX Range: 5568 - 5681
Nifty Future VWAP: 5608.54
MP Values Futures: VAH - 5642, POC - 5627, VAL - 5593

TARGET NIFTY
Buy Nifty Future above 5629 - 5668 - 5714 - 5768 SL - 5613
Sell Nifty Future below 5608 - 5573 - 5518 - 5472 SL - 5619

BANKNIFTY TECHNICAL
Current Spot: 11309.95
Pivot: 11291
5DEMA: 11249
10DEMA: 11218
20DEMA: 11134
50DEMA: 11062
RSI (15 days): 58.54
Parabolic SAR: 11402
Supports:11228 - 11142 - 11079
Resistance: 11377 - 11440 - 11526
VIX Range: 11220 - 11469
Bank Nifty Future VWAP: 11308.81
MP Values Bank Nifty Futures: VAH - 11343, POC - 11278, VAL - 11222

TARGET BANKNIFTY
Buy BankNifty Future above 11353 - 11403 - 11468 - 11562 SL - 11309
Sell BankNifty Future below 11298 - 11256 - 11163 - 11098 SL - 11321

INTRADAY TRADE
Reliance Industries: Buy above 882 for targets of 884, 887, 892 SL 873
Reliance Industries: Sell below 871 for targets of 869, 866, 861 SL 878
Hanung: Buy above 158.5 for targets of 161, 165 SL 157
Exideind: Buy above 173.5 for targets of 174.3, 176 SL 171

SCORE SHEET
Apil: Buy above 610 for targets of 616, 630 SL 597: Call not Activated
Recltd: Buy above 231 for targets of 233, 237 SL 227: Call not Activated

POSITIONAL TRADE
Ingvystabk: Buy above 366 for target of 379 SL 361 (2-3 Days)
Aptecht: Buy above 133 for target of 146 SL 126 (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