Market outlook for 28/07/11

Nifty closed down 28.05 points (0.50%) at 5546.80 while Nifty Future closed at 5547.90, premium of 1.10 points.
Bank Nifty down 114.40 points (1.03%) at 11000.15 while Future closed at 11016.25, premium of 16.10 points.

• FII sold small in Cash (Net sell 12.93 Crore)
• FII sold huge in index future, stock future but bought small in index option (Net sell 1283.65 Crore)
• DII sold negligible in Cash (Net sell 0.19 Crore)
• US futures are trading negative.
• Global cues are flat to negative.
• SGX nifty is negative 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 592:828.

NIFTY TECHNICAL

Current Spot: 5546.80
Pivot: 5553
5DEMA: 5586
10DEMA: 5591
20DEMA: 5581
50DEMA: 5571
RSI (15 days): 47.83
Parabolic SAR: 5501
Supports: 5515 - 5483 - 5445
Resistance: 5585 - 5624 - 5655
NF VIX Range: 5487 - 5608

Nifty Future VWAP: 5548.89
MP Values Future: VAH - 5564, POC - 5543, VAL - 5522

TARGET NIFTY
Buy Nifty Future above 5556 - 5582 - 5619 - 5653 SL - 5546
Sell Nifty Future below 5540 - 5517 - 5484 - 5447 SL - 5554

BANKNIFTY TECHNICAL

Current Spot: 11000.15
Pivot: 11034
5DEMA: 11145
10DEMA: 11174
20DEMA: 11148
50DEMA: 11096
RSI (15 days): 46.22
Parabolic SAR: 10961
Supports: 10928 - 10856 - 10750
Resistance: 11106 - 11212 - 11284
Bank Nifty VIX Range: 10857 - 11143

Bank Nifty Future VWAP: 11023.19
MP Values Bank Nifty Future: VAH - 11062, POC - 11020, VAL - 10988

TARGET BANKNIFTY
Buy BankNifty Future above 11043 - 11104 - 11198 - 11272 SL - 11020
Sell BankNifty Future below 10999 - 10947 - 10873 - 10779 SL - 11041

INTRADAY TRADE
Reliance Industries: Buy above 869 for targets of 871, 874, 879 SL 863
Reliance Industries: Sell below 858 for targets of 856, 853, 848 SL 866
Hercules: Buy above 355 for targets of 361, 373 SL 342
Gitanjali: Buy above 323 for targets of 326, 330 SL 318

SCORE SHEET
Auropharma: Buy above 187 for targets of 189, 192 SL 184: Target 188.90 achieved
TataCoffee: Buy above 875 for targets of 885, 905 SL 867: Target 885.00 achieved

POSITIONAL TRADE
CoalIndia: Buy above 402 for target of 420 SL 390 (2-3 Days)
ShanthiGear: Buy above 46 for target of 50 SL 45.5 (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