Market outlook for 22/08/11

Nifty closed down 98.50 points (1.99%) at 4845.65 while Nifty Future closed at 4850.85, premium of 5.20 points.
Bank Nifty closed down 196.65 points (2.05%) at 9404.85 while Future closed at 9431.15, premium of 26.30 points.

• FII sold in Cash (Net sell 902.61 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 885.36 Crore)
• DII bought in Cash (Net buy 423.25 Crore)
• US futures are trading flat.
• Global cues are flat to negative.
• SGX nifty is in flat as of now.
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 4900 and 4800.
• Advance Decline for the day was 341:1106.

NIFTY TECHNICAL

Current Spot: 4845.65
Pivot: 4845
5DEMA: 4976
10DEMA: 5076
20DEMA: 5214
50DEMA: 5360
RSI (15 days): 23.44
Parabolic SAR: 5079
Supports: 4797 - 4748 - 4699
Resistance: 4894 - 4943 - 4992
NF VIX Range: 4786 - 4915

Nifty Future VWAP: 4853.60
MP Values Nifty Future: VAH - 4877, POC - 4853, VAL - 4829

TARGET NIFTY
Buy Nifty Future above 4855 - 4900 - 4950 - 5001 SL - 4845
Sell Nifty Future below 4844 - 4802 - 4753 - 4700 SL - 4854

BANKNIFTY TECHNICAL

Current Spot: 9404.85
Pivot: 9424
5DEMA: 9775
10DEMA: 10038
20DEMA: 10351
50DEMA: 10624
RSI (15 days): 23.15
Parabolic SAR: 10038
Supports: 9261 - 9117 - 8953
Resistance: 9568 - 9732 - 9876
Bank Nifty VIX Range: 9280 - 9582

Bank Nifty Future VWAP: 9448.61
MP Values Bank Nifty Future: VAH - 9507, POC - 9421, VAL - 9335

TARGET BANKNIFTY
Buy BankNifty Future above 9451 - 9580 - 9735 - 9880 SL - 9429
Sell BankNifty Future below 9417 - 9293 - 9150 - 8995 SL - 9448

INTRADAY TRADE
Reliance Industries: Buy above 734 for targets of 737, 742, 750 SL 729
Reliance Industries: Sell below 727 for targets of 724, 719, 711 SL 733
Lichsgfin: Buy above 209 for targets of 212, 218 SL 205
JswSteel: Buy above 669 for targets of 677, 689 SL 655

SCORE SHEET
Federalbnk: Buy above 370 for targets of 372, 375 SL 155: Call not activated
DLF: Buy above 183 for targets of 185, 188 SL 181: Target 187.95 achieved

POSITIONAL TRADE
Ashokley: Buy above 25.5 for target of 27 SL 24.9 (2-3 Days)
Hindzinc: Buy above 125 for target of 136 SL 122 (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