Market outlook for 17/08/11

Nifty closed down 37.15 points (0.73%) at 5035.80 while Nifty Future closed at 5027.70, discount of 8.10 points.
Bank Nifty closed down 126.30 points (1.24%) at 10056.40 while Future closed at 10055.00, discount of 1.40 points.

• FII sold in Cash (Net sell 261.12 Crore)
• FII sold in index option but bought index future, stock future (Net sell 307.68 Crore)
• DII bought in Cash (Net buy 251.67 Crore)
• US futures are trading flat to negative.
• Global cues are flat to negative.
• SGX nifty is in flat as of now.
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 321:1120.

NIFTY TECHNICAL

Current Spot: 5035.80
Pivot: 5061
5DEMA: 5106
10DEMA: 5193
20DEMA: 5310
50DEMA: 5422
RSI (15 days): 28.29
Parabolic SAR: 5194
Supports: 4990 - 4944 - 4873
Resistance: 5107 - 5178 - 5224
NF VIX Range: 4968 - 5087

Nifty Future VWAP: 5075.50
MP Values Nifty Future: VAH - 5116, POC - 5074, VAL - 5032

TARGET NIFTY
Buy Nifty Future above 5062 - 5107 - 5188 - 5240 SL - 5045
Sell Nifty Future below 5020 - 4980 - 4930 - 4845 SL - 5060

BANKNIFTY TECHNICAL

Current Spot: 10056.40
Pivot: 10132
5DEMA: 10231
10DEMA: 10386
20DEMA: 10603
50DEMA: 10793
RSI (15 days): 31.82
Parabolic SAR: 10469
Supports: 9948 - 9839 - 9656
Resistance: 10240 - 10424 - 10532
Bank Nifty VIX Range: 9919 - 10191

Bank Nifty Future VWAP: 10166.36
MP Values Bank Nifty Future: VAH - 10299, POC - 10249, VAL - 10125

TARGET BANKNIFTY
Buy BankNifty Future above 10136 - 10235 - 10420 - 10530 SL - 10113
Sell BankNifty Future below 10040 - 9950 - 9835 - 9650 SL - 10133

INTRADAY TRADE
Reliance Industries: Buy above 766 for targets of 768, 771, 776 SL 760
Reliance Industries: Sell below 755 for targets of 753, 750, 745 SL 764
Jublifood: Buy above 910 for targets of 918, 938 SL 890
Vipind: Buy above 792 for targets of 798, 810 SL 786

SCORE SHEET
Orchidchem: Buy above 200 for targets of 203, 208 SL 193: Target 208.90 achieved
Sintex: Buy above 153 for targets of 155, 158 SL 151: Target 155.20 achieved

POSITIONAL TRADE
Inventure: Buy above 234 for target of 268 SL 213 (2-3 Days)
Rushil: Buy above 123 for target of 135 SL 119 (1 Week)

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

Thanks and Regards

S&P Wealth Creators