Market outlook for 19/08/11

Nifty closed down 112.45 points (2.22%) at 4944.15 while Nifty Future closed at 4938.05, discount of 6.10 points.
Bank Nifty closed down 351.70 points (3.53%) at 9601.50 while Future closed at 9571.30, discount of 30.20 points.

• FII sold in Cash (Net sell 488.67 Crore)
• FII sold in index future, index option but bought small in stock future (Net sell 560.25 Crore)
• DII bought in Cash (Net buy 330.42 Crore)
• US futures are trading in RED.
• Global cues are negative.
• SGX nifty is in negative as of now.
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 5000 and 4900.
• Advance Decline for the day was 227:1213.

NIFTY TECHNICAL

Current Spot: 4944.15
Pivot: 4985
5DEMA: 5041
10DEMA: 5127
20DEMA: 5253
50DEMA: 5384
RSI (15 days): 26.33
Parabolic SAR: 5119
Supports: 4891 - 4839 - 4745
Resistance: 5038 - 5131 - 5184
NF VIX Range: 4874 - 5002

Nifty Future VWAP: 4983.37
MP Values Nifty Future: VAH - 5028, POC - 4992, VAL - 4956

TARGET NIFTY
Buy Nifty Future above 4984 - 5030 - 5125 - 5180 SL - 4972
Sell Nifty Future below 4931 - 4890 - 4835 - 4740 SL - 5071

BANKNIFTY TECHNICAL

Current Spot: 9601.50
Pivot: 9723
5DEMA: 9959
10DEMA: 10179
20DEMA: 10451
50DEMA: 10693
RSI (15 days): 25.28
Parabolic SAR: 10228
Supports: 9444 - 9286 - 9006
Resistance: 9881 - 10160 - 10318
Bank Nifty VIX Range: 9418 - 9725

Bank Nifty Future VWAP: 9696.41
MP Values Bank Nifty Future: VAH - 9810, POC - 9687, VAL - 9564

TARGET BANKNIFTY
Buy BankNifty Future above 9708 - 9855 - 10140 - 10300 SL - 9691
Sell BankNifty Future below 9557 - 9417 - 9258 - 8970 SL - 9706

INTRADAY TRADE
Reliance Industries: Buy above 750 for targets of 753, 758, 766 SL 744
Reliance Industries: Sell below 737 for targets of 734, 729, 721 SL 748
Federalbnk: Buy above 370 for targets of 372, 375 SL 155
DLF: Buy above 183 for targets of 185, 188 SL 181

SCORE SHEET
IFBAgro: Buy above 162 for targets of 165, 172 SL 155: Target 172.95 achieved
Dabur: Buy above 104.5 for targets of 105, 106 SL 103: Target 106.80 achieved

POSITIONAL TRADE
Gtl: Buy above 53 for target of 57 SL 51.5 (2-3 Days)
Edserv: Buy above 118 for target of 131 SL 115 (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