Thursday, July 12, 2012

Market outlook for 13/07/2012

Nifty closed down 71.05 points (1.34%) at 5235.25 while Nifty Future closed at 5251.40, premium of 16.15 points.
Bank Nifty closed down 97.00 points (0.91%) at 10616.30 while Future closed at 10632.70, premium of 16.40 points.
  • FII bought in Cash (Net buy 268.54 Crore)
  • FII bought in index option but sold in index future, stock future (Net buy 997.69 Crore)
  • DII sold in Cash (Net sell 537.98 Crore)
  • Most Active Nifty Call Option: 5300 and 5400.
  • Most Active Nifty Put Options: 5300 and 5200.
  • Advance Decline for the day was 460:1002.
NIFTY TECHNICAL
Current Spot: 5235.25
Pivot: 5238
5DEMA: 5283
10DEMA: 5269
20DEMA: 5217
50DEMA: 5151
RSI (14 days): 54.50
Parabolic SAR: 5349
Supports: 5215 - 5194 - 5171
Resistance: 5259 - 5282 - 5303
CAM Support: 5231 - 5227 - 5223 - 5211
CAM Resistance: 5239 - 5243 - 5247 - 5259
Nifty Future VIX Range: 5195 - 5308
Nifty Future VWAP: 5255.03
MP Values Nifty Future: VAH - 5269, POC - 5257, VAL - 5245

TARGET NIFTY
Buy Nifty Future above 5257 - 5275 - 5300 - 5325 SL - 5248
Sell Nifty Future below 5244 - 5229 - 5205 - 5180 SL - 5256

BANKNIFTY TECHNICAL
Current Spot: 10616.30
Pivot: 10617
5DEMA: 10638
10DEMA: 10533
20DEMA: 10336
50DEMA: 10108
RSI (14 days): 64.18
Parabolic SAR: 10557
Supports: 10557 - 10498 - 10438
Resistance: 10676 - 10735 - 10794
CAM Support: 10605 - 10595 - 10584 - 10551
CAM Resistance: 10627 - 10638 - 10649 - 10682
Bank Nifty Future VIX Range: 10480 - 10786
Bank Nifty Future VWAP: 10630.93
MP Values Bank Nifty Future: VAH - 10669, POC - 10643, VAL - 10617

TARGET BANKNIFTY
Buy BankNifty Future above 10641 - 10685 - 10750 - 10815 SL - 10619
Sell BankNifty Future below 10613 - 10575 - 10515 - 10455 SL - 10635

INTRADAY TRADE
Reliance Industries: Buy above 726 for targets of 728, 732, 739 SL 721
Reliance Industries: Sell below 719 for targets of 717, 713, 706 SL 725
Mcdowell-n: Buy above 770 for targets of 777, 790 SL 761
HindPetro: Buy above 355 for targets of 359, 364 SL 349

SCORE SHEET
Onelifecap: Buy above 466 for targets of 471, 486 SL 455: Target 472.00 done
IndiaBulls: Buy above 252 for targets of 255, 260 SL 249: Call not active

POSITIONAL TRADE
Nitinfire: Buy above 61 for target of 65 SL 59 (2-3 Days)
Unitech: Buy above 25.5 for target of 28 SL 24.7 (1 Week)

Thanks and Regards

S&P Wealth Creators

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