Market outlook for 27/07/11

Nifty closed down 105.45 points (1.86%) at 5574.85 while Nifty Future closed at 5574.35, discount of 0.50 points.
Bank Nifty down 277.25 points (2.43%) at 11114.55 while Future closed at 11110.10, discount of 4.45 points.

• FII sold in Cash (Net sell 177.75 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 687.34 Crore)
• DII bought in Cash (Net buy 31.49 Crore)
• US futures are trading flat to negative.
• 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: 5700 and 5600.
• Advance Decline for the day was 361:1057.

NIFTY TECHNICAL

Current Spot: 5574.85
Pivot: 5612
5DEMA: 5606
10DEMA: 5600
20DEMA: 5584
50DEMA: 5575
RSI (15 days): 49.76
Parabolic SAR: 5497
Supports: 5523 - 5470 - 5380
Resistance: 5665 - 5755 - 5807
NF VIX Range: 5512 - 5637

Nifty Future VWAP: 5615.43
MP Values Futures: VAH - 5638, POC - 5591, VAL - 5561

TARGET NIFTY
Buy Nifty Future above 5617 - 5668 - 5763 - 5821 SL - 5609
Sell Nifty Future below 5566 - 5520 - 5462 - 5366 SL - 5616

BANKNIFTY TECHNICAL

Current Spot: 11114.55
Pivot: 11205
5DEMA: 11217
10DEMA: 11213
20DEMA: 11163
50DEMA: 11106
RSI (15 days): 49.36
Parabolic SAR: 10951
Supports: 10978 - 10842 - 10616
Resistance: 11341 - 11567 - 11703
Bank Nifty VIX Range: 10980 - 11241

Bank Nifty Future VWAP: 11186.41
MP Values Bank Nifty Futures: VAH - 11225, POC - 11111, VAL - 11058

TARGET BANKNIFTY
Buy BankNifty Future above 11209 - 11339 - 11573 - 11716 SL - 11185
Sell BankNifty Future below 11093 - 10973 - 10829 - 10595 SL - 11207

INTRADAY TRADE
Reliance Industries: Buy above 881 for targets of 883, 886, 891 SL 875
Reliance Industries: Sell below 867 for targets of 865, 861, 855 SL 879
Auropharma: Buy above 187 for targets of 189, 192 SL 184
TataCoffee: Buy above 875 for targets of 885, 905 SL 867

SCORE SHEET
Orientbank: Buy above 376 for targets of 381, 390 SL 366: Call not activated
Navinfluor: Buy above 371 for targets of 375, 385 SL 363: Target 374.90 achieved

POSITIONAL TRADE
Utvsof: Buy above 990 for target of 1115 SL 975 (2-3 Days)
Ballarpur: Buy above 37 for target of 40 SL 36.1 (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