Market outlook for 18/08/11

Nifty closed up 20.80 points (0.41%) at 5056.60 while Nifty Future closed at 5065.70, premium of 10.15 points.
Bank Nifty closed down 103.20 points (1.03%) at 9953.20 while Future closed at 9954.90, premium of 1.70 points.

• FII sold in Cash (Net sell 407.68 Crore)
• FII sold in index option, index future but bought in stock future (Net sell 176.93 Crore)
• DII bought in Cash (Net buy 169.42 Crore)
• US futures are trading flat to positive.
• Global cues are flat to positive.
• 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 377:1054.

NIFTY TECHNICAL

Current Spot: 5056.60
Pivot: 5062
5DEMA: 5089
10DEMA: 5168
20DEMA: 5286
50DEMA: 5403
RSI (15 days): 30.31
Parabolic SAR: 5155
Supports: 5012 - 4967 - 4917
Resistance: 5107 - 5157 - 5202
NF VIX Range: 5007 - 5127

Nifty Future VWAP: 5065.93
MP Values Nifty Future: VAH - 5099, POC - 5071, VAL - 5043

TARGET NIFTY
Buy Nifty Future above 5073 - 5121 - 5178 - 5235 SL - 5062
Sell Nifty Future below 5059 - 5015 - 4960 - 4905 SL - 5071

BANKNIFTY TECHNICAL

Current Spot: 9953.20
Pivot: 9999
5DEMA: 10138
10DEMA: 10307
20DEMA: 10541
50DEMA: 10742
RSI (15 days): 30.24
Parabolic SAR: 10373
Supports: 9824 - 9695 - 9521
Resistance: 10128 - 10302 - 10431
Bank Nifty VIX Range: 9822 - 10087

Bank Nifty Future VWAP: 10002.94
MP Values Bank Nifty Future: VAH - 10118, POC - 10034, VAL - 9950

TARGET BANKNIFTY
Buy BankNifty Future above 10008 - 10140 - 10330 - 10475 SL - 9985
Sell BankNifty Future below 9940 - 9815 - 9670 - 9490 SL - 10005

INTRADAY TRADE
Reliance Industries: Buy above 764 for targets of 767, 772, 780 SL 758
Reliance Industries: Sell below 751 for targets of 748, 743, 733 SL 762
IFBAgro: Buy above 162 for targets of 165, 172 SL 155
Dabur: Buy above 104.5 for targets of 105, 106 SL 103

SCORE SHEET
Jublfood: Buy above 910 for targets of 918, 938 SL 890: Target 953.95 achieved
Vipind: Buy above 792 for targets of 798, 810 SL 786: Target 850.00 achieved

POSITIONAL TRADE
Polaris: Buy above 134 for target of 140 SL 130 (2-3 Days)
Ambujacem: Buy above 134 for target of 145 SL 129 (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