Thursday, July 21, 2011

Market outlook for 22/07/11

Nifty closed down 25.45 points (0.46%) at 5541.60 while Nifty Future closed at 5544.20, premium of 2.60 points.
Bank Nifty closed down 114.90 points (1.03%) at 11049.80 while Future closed at 11067.45, premium of 17.65 points.
  • FII sold in Cash (Net sell 577.64 Crore)
  • FII sold in index future, index option and stock future (Net sell 364.58 Crore)
  • DII bought in Cash (Net buy 408.36 Crore)
  • US futures are trading in Green.
  • Global cues are flat to Positive.
  • SGX nifty is in positive as of now.
  • Most Active Nifty Call Option: 5500 and 5600.
  • Most Active Nifty Put Options: 5600 and 5500.
  • Advance Decline for the day was 486:935.
NIFTY TECHNICAL
Current Spot: 5541.60
Pivot: 5551
5DEMA: 5571
10DEMA: 5580
20DEMA: 5569
50DEMA: 5569
RSI (15 days): 47.94
Parabolic SAR: 5708
Supports: 5523 - 5505 - 5477
Resistance: 5569 - 5597 - 5616
NF VIX Range: 5489 - 5600
Nifty Future VWAP: 5555.32
MP Values Futures: VAH - 5568, POC - 5551, VAL - 5536

TARGET NIFTY
Buy Nifty Future above 5558 - 5573 - 5605 - 5627 SL - 5549
Sell Nifty Future below 5536 - 5525 - 5504 - 5472 SL - 5557

BANKNIFTY TECHNICAL
Current Spot: 11049.80
Pivot: 11088
5DEMA: 11164
10DEMA: 11180
20DEMA: 11129
50DEMA: 11088
RSI (15 days): 48.06
Parabolic SAR: 11389
Supports:10983 - 10917 - 10812
Resistance: 11155 - 11260 - 11326
VIX Range: 10945 - 11190
Bank Nifty Future VWAP: 11120.85
MP Values Bank Nifty Futures: VAH - 11188, POC - 11133, VAL - 11078

TARGET BANKNIFTY
Buy BankNifty Future above 11119 - 11181 - 11300 - 11376 SL - 11098
Sell BankNifty Future below 11051 - 10997 - 10921 - 10802 SL - 11116

INTRADAY TRADE
Reliance Industries: Buy above 869 for targets of 871, 875, 883 SL 863
Reliance Industries: Sell below 857 for targets of 855, 851, 853 SL 867
Albk: Buy above 210 for targets of 212, 216 SL 207
Sksmicro: Buy above 552 for targets of 558, 569 SL 534

SCORE SHEET
Petronet: Buy above 154 for targets of 156, 159 SL 151: Target 169.25 achieved
Lovable: Buy above 439 for targets of 445, 456 SL 434: Target 451.00 achieved

POSITIONAL TRADE
Rushil: Buy above 172 for target of 181 SL 162 (2-3 Days)
Amtekindia: Buy above 115 for target of 126 SL 112 (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