Market outlook for 16/08/11

Nifty closed down 65.35 points (1.27%) at 5072.95 while Nifty Future closed at 5079.85, premium of 6.90 points.
Bank Nifty closed down 156.10 points (1.51%) at 10182.70 while Future closed at 10195.60, premium of 12.90 points.

• FII sold in Cash (Net sell 471.09 Crore)
• FII sold in index future but bought index option, stock future (Net sell 325.00 Crore)
• DII bought in Cash (Net buy 99.02 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 569:855.

NIFTY TECHNICAL

Current Spot: 5072.95
Pivot: 5107
5DEMA: 5140
10DEMA: 5227
20DEMA: 5339
50DEMA: 5437
RSI (15 days): 29.67
Parabolic SAR: 5238
Supports: 5019 - 4966 - 4878
Resistance: 5160 - 5248 - 5302
NF VIX Range: 5019 - 5140

Nifty Future VWAP: 5103.83
MP Values Nifty Future: VAH - 5131, POC - 5086, VAL - 5053

TARGET NIFTY
Buy Nifty Future above 5108 - 5154 - 5231 - 5283 SL - 5095
Sell Nifty Future below 5072 - 5030 - 4978 - 4901 SL - 5107

BANKNIFTY TECHNICAL

Current Spot: 10182.70
Pivot: 10261
5DEMA: 10318
10DEMA: 10459
20DEMA: 10661
50DEMA: 10821
RSI (15 days): 34.09
Parabolic SAR: 10517
Supports: 10053 - 9924 - 9716
Resistance: 10391 - 10599 - 10728
Bank Nifty VIX Range: 10058 - 10334

Bank Nifty Future VWAP: 10273.70
MP Values Bank Nifty Future: VAH - 10352, POC - 10227, VAL - 10142

TARGET BANKNIFTY
Buy BankNifty Future above 10268 - 10375 - 10555 - 10670 SL - 10245
Sell BankNifty Future below 10184 - 10085 - 9965 - 9780 SL - 10266

INTRADAY TRADE
Reliance Industries: Buy above 771 for targets of 775, 781, 791 SL 765
Reliance Industries: Sell below 759 for targets of 755, 749, 739 SL 769
Orchidchem: Buy above 200 for targets of 203, 208 SL 193
Sintex: Buy above 153 for targets of 155, 158 SL 151

SCORE SHEET
BataIndia: Buy above 686 for targets of 691, 700 SL 677: Target 704.80 achieved
Jisjaleqs: Buy above 171 for targets of 174, 180 SL 167: Target 173.75 achieved

POSITIONAL TRADE
BataIndia: Buy above 701 for target of 720 SL 694 (2-3 Days)
Deltacorp: Buy above 100 for target of 111 SL 97 (1 Week)

This Blog is meant for sharing my trading ideas only and no calls to be taken as trading recommendation. Visitors please consult there own advisers for safe trading.

Thanks and Regards

S&P Wealth Creators