Market outlook for 12/08/11

Nifty closed down 22.70 points (0.44%) at 5138.30 while Nifty Future closed at 5137.25, discount of 1.05 points.
Bank Nifty closed down 124.40 points (1.19%) at 10338.90 while Future closed at 10344.05, premium of 5.25 points.

• FII sold in Cash (Net sell 59.79 Crore)
• FII sold in index future, stock future but bought index option (Net sell 72.07 Crore)
• DII bought in Cash (Net buy 266.25 Crore)
• US futures are trading in Green.
• Global cues are flat to positive.
• SGX nifty is in flat to positive 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 623:817.

NIFTY TECHNICAL

Current Spot: 5138.30
Pivot: 5148
5DEMA: 5174
10DEMA: 5262
20DEMA: 5367
50DEMA: 5457
RSI (15 days): 32.06
Parabolic SAR: 5293
Supports: 5111 - 5084 - 5047
Resistance: 5175 - 5212 - 5239
NF VIX Range: 5074 - 5200

Nifty Future VWAP: 5154.30
MP Values Nifty Future: VAH - 5178, POC - 5161, VAL - 5144

TARGET NIFTY
Buy Nifty Future above 5153 - 5173 - 5211 - 5238 SL - 5142
Sell Nifty Future below 5130 - 5113 - 5086 - 5048 SL - 5151

BANKNIFTY TECHNICAL

Current Spot: 10330.40
Pivot: 10393
5DEMA: 10386
10DEMA: 10521
20DEMA: 10711
50DEMA: 10860
RSI (15 days): 36.98
Parabolic SAR: 10584
Supports: 10269 - 10200 - 10076
Resistance: 10463 - 10586 - 10656
Bank Nifty VIX Range: 10205 - 10483

Bank Nifty Future VWAP: 10419.57
MP Values Bank Nifty Future: VAH - 10476, POC - 10435, VAL - 10394

TARGET BANKNIFTY
Buy BankNifty Future above 10406 - 10465 - 10592 - 10664 SL - 10389
Sell BankNifty Future below 10329 - 10277 - 10205 - 10078 SL - 10404

INTRADAY TRADE
Reliance Industries: Buy above 778 for targets of 781, 786, 794 SL 772
Reliance Industries: Sell below 768 for targets of 765, 760, 752 SL 776
BataIndia: Buy above 686 for targets of 691, 700 SL 677
Jisjaleqs: Buy above 171 for targets of 174, 180 SL 167

SCORE SHEET

POSITIONAL TRADE
DishTV: Buy above 83 for target of 87 SL 81 (2-3 Days)
Rushil: Buy above 111 for target of 121 SL 108 (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