Market outlook for 11/07/2012

Nifty closed up 70.20 points (1.33%) at 5345.35 while Nifty Future closed at 5358.15, premium of 12.80 points.
Bank Nifty closed up 163.50 points (1.54%) at 10751.55 while Future closed at 10759.50, premium of 7.95 points.

• FII bought in Cash (Net buy 606.54 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 1294.02 Crore)
• DII sold in Cash (Net sell 488.33 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 975:503.

NIFTY TECHNICAL

Current Spot: 5345.35
Pivot: 5326
5DEMA: 5307
10DEMA: 5270
20DEMA: 5206
50DEMA: 5139
RSI (14 days): 68.06
Parabolic SAR: 5258
Supports: 5304 - 5262 - 5240
Resistance: 5368 - 5390 - 5432
CAM Support: 5339 - 5334 - 5328 - 5310
CAM Resistance: 5351 - 5357 - 5363 - 5381
Nifty Future VIX Range: 5295 - 5395

Nifty Future VWAP: 5326.26
MP Values Nifty Future: VAH - 5363, POC - 5354, VAL - 5314

TARGET NIFTY
Buy Nifty Future above 5362 - 5385 - 5415 - 5460 SL - 5329
Sell Nifty Future below 5326 - 5305 - 5255 - 5225 SL - 5339

BANKNIFTY TECHNICAL

Current Spot: 10751.55
Pivot: 10711
5DEMA: 10616
10DEMA: 10471
20DEMA: 10263
50DEMA: 10046
RSI (14 days): 70.95
Parabolic SAR: 10478
Supports: 10655 - 10559 - 10504
Resistance: 10807 - 10863 - 10959
CAM Support: 10738 - 10724 - 10710 - 10668
CAM Resistance: 10765 - 10779 - 10793 - 10835
Bank Nifty Future VIX Range: 10597 - 10922

Bank Nifty Future VWAP: 10685.27
MP Values Bank Nifty Future: VAH - 10726, POC - 10660, VAL - 10594

TARGET BANKNIFTY
Buy BankNifty Future above 10768 - 10825 - 10890 - 11010 SL - 10701
Sell BankNifty Future below 10690 - 10640 - 10520 - 10450 SL - 10722

INTRADAY TRADE
Reliance Industries: Buy above 742 for targets of 744, 746, 753 SL 736
Reliance Industries: Sell below 734 for targets of 732, 728, 721 SL 739
Gmdcltd: Buy above 195.5 for targets of 197.5, 200 SL 192.5
RelInfra: Buy above 572 for targets of 577, 585 SL 563

SCORE SHEET
Enginersin: Buy above 240 for targets of 243, 247 SL 237: Call not active
Anantraj: Buy above 57.5 for targets of 58.5, 60 SL 56.5: Call not active

POSITIONAL TRADE
VGuard: Buy above 273 for target of 282 SL 268 (2-3 Days)
Dcm: Buy above 139 for target of 150 SL 137 (1 Week)

Thanks and Regards

S&P Wealth Creators