Market outlook for 21/07/11

Nifty closed down 46.50 points (0.83%) at 5567.05 while Nifty Future closed at 5569.55, premium of 2.50 points.
Bank Nifty closed down 149.15 points (1.32%) at 11164.70 while Future closed at 11179.45, premium of 14.75 points.

• FII sold in Cash (Net sell 90.44 Crore)
• FII sold in stock future but bought in index future, index option (Net sell 257.65 Crore)
• DII bought in Cash (Net buy 20.48 Crore)
• US futures are trading flat.
• Global cues are flat.
• 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 473:961.

NIFTY TECHNICAL

Current Spot: 5567.05
Pivot: 5589
5DEMA: 5585
10DEMA: 5588
20DEMA: 5572
50DEMA: 5568
RSI (15 days): 50.15
Parabolic SAR: 5713
Supports: 5533 - 5499 - 5443
Resistance: 5623 - 5679 - 5714
NF VIX Range: 5514 - 5625

Nifty Future VWAP: 5600.87
MP Values Futures: VAH - 5623, POC - 5593, VAL - 5563

TARGET NIFTY
Buy Nifty Future above 5598 - 5631 - 5696 - 5736 SL - 5589
Sell Nifty Future below 5561 - 5532 - 5492 - 5427 SL - 5597

BANKNIFTY TECHNICAL

Current Spot: 11164.70
Pivot: 11232
5DEMA: 11221
10DEMA: 11209
20DEMA: 11138
50DEMA: 11082
RSI (15 days): 52.30
Parabolic SAR: 11393
Supports:11075 - 10986 - 10829
Resistance: 11321 - 11478 - 11567
VIX Range: 11055 - 11304

Bank Nifty Future VWAP: 11271.76
MP Values Bank Nifty Futures: VAH - 11336, POC - 11260, VAL - 11184

TARGET BANKNIFTY
Buy BankNifty Future above 11255 - 11331 - 11488 - 11578 SL - 11232
Sell BankNifty Future below 11163 - 11095 - 11005 - 10848 SL - 11252

INTRADAY TRADE
Reliance Industries: Buy above 882 for targets of 884, 888, 894 SL 875
Reliance Industries: Sell below 872 for targets of 870, 866, 860 SL 879
Petronet: Buy above 154 for targets of 156, 159 SL 151
Lovable: Buy above 439 for targets of 445, 456 SL 434

SCORE SHEET
Hanung: Buy above 158.5 for targets of 161, 165 SL 157: Call not activated
Exideind: Buy above 173.5 for targets of 174.3, 176 SL 171: Target 174.65 achieved

POSITIONAL TRADE
Rushil: Buy above 151 for target of 161 SL 145 (2-3 Days)
Subex: Buy above 65 for target of 71 SL 64 (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