Market outlook for 09/08/11

Nifty closed down 92.75 points (1.78%) at 5118.50 while Nifty Future closed at 5126.20, premium of 7.70 points.
Bank Nifty closed down 122.20 points (1.18%) at 10232.30 while Future closed at 10242.90, premium of 10.60 points.

• FII sold huge in Cash (Net sell 1385.78 Crore) 
• FII bought huge in index future, stock future and index option (Net buy 1203.48 Crore) 
• DII bought in Cash (Net buy 1320.38 Crore) 
• US futures are trading flat to negative. 
• Global cues are flat to negative. 
• SGX nifty is in flat to negative as of now. 
• Most Active Nifty Call Option: 5200 and 5300. 
• Most Active Nifty Put Options: 5100 and 5000. 
• Advance Decline for the day was 255:1208. 

NIFTY TECHNICAL

Current Spot: 5118.50
Pivot: 5126 5
DEMA: 5275
10DEMA: 5372
20DEMA: 5452
50DEMA: 5498
RSI (15 days): 26.75
Parabolic SAR: 5518
Supports: 5047 - 4975 - 4897
Resistance: 5197 - 5276 - 5347
NF VIX Range: 5065 - 5188

Nifty Future VWAP: 5122.47
MP Values Nifty Future: VAH - 5156, POC - 5078, VAL - 5059

TARGET NIFTY
Buy Nifty Future above 5134 - 5201 - 5279 - 5352 SL - 5122
Sell Nifty Future below 5119 - 5056 - 4982 - 4905 SL - 5133

BANKNIFTY TECHNICAL

Current Spot: 10232.30
Pivot: 10262 5
DEMA: 10476
10DEMA: 10669
20DEMA: 10842
50DEMA: 10928
RSI (15 days): 30.23
Parabolic SAR: 11014
Supports: 10043 - 9853 - 9634
Resistance: 10452 - 10671 - 10861
Bank Nifty VIX Range: 10110 - 10376

Bank Nifty Future VWAP: 10272.94
MP Values Bank Nifty Future: VAH - 10354, POC - 10150, VAL - 10081

TARGET BANKNIFTY
Buy BankNifty Future above 10278 - 10460 - 10680 - 10880 SL - 10259
Sell BankNifty Future below 10228 - 10053 - 9857 - 9634 SL - 10276

INTRADAY TRADE
Reliance Industries: Buy above 785 for targets of 789, 795, 807 SL 779
Reliance Industries: Sell below 777 for targets of 773, 767, 755 SL 783
IOC: Buy above 341 for targets of 344, 350 SL 336
Lovable: Buy above 393 for targets of 400, 413 SL 379

SCORE SHEET
JswSteel: Buy above 705 for targets of 712, 727 SL 687: Target 709.00 achieved
HindPetro: Buy above 405 for targets of 410, 420 SL 399: Target 414.00 achieved

POSITIONAL TRADE
Gvkpil: Buy above 17.9 for target of 19.2 SL 17.5 (2-3 Days)
Aanjaeya: Buy above 465 for target of 529 SL 433 (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