Market outlook for 16/07/2012

Nifty closed down 8.00 points (0.15%) at 5227.25 while Nifty Future closed at 5240.45, premium of 13.20 points.
Bank Nifty closed down 21.85 points (0.21%) at 10594.45 while Future closed at 10617.15, premium of 22.70 points.

• FII bought in Cash (Net buy 281.13 Crore)
• FII sold in index future, stock future and index option (Net sell 491.98 Crore)
• DII sold in Cash (Net sell 370.41 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 676:811.

NIFTY TECHNICAL

Current Spot: 5227.25
Pivot: 5237
5DEMA: 5264
10DEMA: 5262
20DEMA: 5218
50DEMA: 5151
RSI (14 days): 53.75
Parabolic SAR: 5346
Supports: 5207 - 5187 - 5157
Resistance: 5257 - 5287 - 5308
CAM Support: 5223 - 5218 - 5213 - 5200
CAM Resistance: 5232 - 5236 - 5241 - 5255
Nifty Future VIX Range: 5186 - 5295

Nifty Future VWAP: 5255.35
MP Values Nifty Future: VAH - 5265, POC - 5248, VAL - 5231

TARGET NIFTY
Buy Nifty Future above 5253 - 5266 - 5290 - 5315 SL - 5241
Sell Nifty Future below 5233 - 5223 - 5205 - 5175 SL - 5251

BANKNIFTY TECHNICAL

Current Spot: 10594.45
Pivot: 10626
5DEMA: 10623
10DEMA: 10545
20DEMA: 10360
50DEMA: 10130
RSI (14 days): 63.10
Parabolic SAR: 10557
Supports: 10537 - 10480 - 10391
Resistance: 10683 - 10773 - 10830
CAM Support: 10581 - 10568 - 10554 - 10514
CAM Resistance: 10608 - 10621 - 10635 - 10675
Bank Nifty Future VIX Range: 10469 - 10765

Bank Nifty Future VWAP: 10674.43
MP Values Bank Nifty Future: VAH - 10732, POC - 10685, VAL - 10638

TARGET BANKNIFTY
Buy BankNifty Future above 10656 - 10695 - 10780 - 10840 SL - 10623
Sell BankNifty Future below 10603 - 10570 - 10515 - 10425 SL - 10653

INTRADAY TRADE
Reliance Industries: Buy above 724 for targets of 726, 730, 735 SL 718
Reliance Industries: Sell below 716 for targets of 714, 710, 705 SL 722
Orchidchem: Buy above 121.5 for targets of 123, 125 SL 120
Sintex: Buy above 66.8 for targets of 67.7, 69 SL 65.2

SCORE SHEET
Mcdowell-n: Buy above 770 for targets of 777, 790 SL 761: Target 783.70 done
HindPetro: Buy above 355 for targets of 359, 364 SL 349: SL Hit

POSITIONAL TRADE
Dcb: Buy above 47.4 for target of 50 SL 46.5 (2-3 Days)
Sail: Buy above 93 for target of 100 SL 91.5 (1 Week)

Thanks and Regards

S&P Wealth Creators