Market outlook for 25/08/11

Nifty closed down 60.00 points (1.21%) at 4888.90 while Nifty Future closed at 4883.85, discount of 5.05 points.
Bank Nifty closed down 156.85 points (1.65%) at 9331.85 while Future closed at 9318.60, discount of 13.25 points.

• FII sold in Cash (Net sell 883.48 Crore)
• FII bought in index future, index option and stock future (Net buy 1938.95 Crore)
• DII bought in Cash (Net buy 561.10 Crore)
• US futures are trading positive.
• Global cues are flat to positive.
• SGX nifty is positive 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 600:825.

NIFTY TECHNICAL

Current Spot: 4888.90
Pivot: 4909
5DEMA: 4929
10DEMA: 5001
20DEMA: 5136
50DEMA: 5310
RSI (15 days): 30.03
Parabolic SAR: 4966
Supports: 4855 - 4822 - 4768
Resistance: 4942 - 4996 - 5030
NF VIX Range: 4821 - 4947

Nifty Future VWAP: 4917.76
MP Values Nifty Future: VAH - 4933, POC - 4910, VAL - 4887

TARGET NIFTY
Buy Nifty Future above 4908 - 4939 - 4997 - 5034 SL - 4898
Sell Nifty Future below 4877 - 4849 - 4812 - 4755 SL - 4907

BANKNIFTY TECHNICAL

Current Spot: 9331.85
Pivot: 9390
5DEMA: 9509
10DEMA: 9751
20DEMA: 10106
50DEMA: 10491
RSI (15 days): 24.33
Parabolic SAR: 9641
Supports: 9217 - 9103 - 8931
Resistance: 9504 - 9676 - 9791
Bank Nifty VIX Range: 9177 - 9460

Bank Nifty Future VWAP: 9434.97
MP Values Bank Nifty Future: VAH - 9479, POC - 9386, VAL - 9293

TARGET BANKNIFTY
Buy BankNifty Future above 9394 - 9494 - 9674 - 9786 SL - 9382
Sell BankNifty Future below 9305 - 9211 - 9099 - 8919 SL - 9392

INTRADAY TRADE
Reliance Industries: Buy above 766 for targets of 768, 771, 776 SL 760
Reliance Industries: Sell below 757 for targets of 755, 752, 747 SL 764
Mphasis: Buy above 399 for targets of 405, 414 SL 392
BataIndia: Buy above 726 for targets of 733, 745 SL 718

SCORE SHEET
Petronet: Buy above 184 for targets of 185.5, 188 SL 181: Target 185.80 achieved
RIIL: Buy above 422 for targets of 427, 435 SL 412: Target 433.50 achieved

POSITIONAL TRADE
Lovable: Buy above 550 for target of 575 SL 543 (2-3 Days)
Mundraport: Buy above 148 for target of 157 SL 144 (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