Market outlook for 17/07/2012

Nifty closed down 30.00 points (0.57%) at 5197.25 while Nifty Future closed at 5206.85, premium of 9.60 points.
Bank Nifty closed down 26.25 points (0.25%) at 10568.20 while Future closed at 10578.40, premium of 10.20 points.

• FII bought in Cash (Net buy 257.17 Crore)
• FII sold in index option, stock future but bought small in index future (Net sell 909.52 Crore)
• DII sold in Cash (Net sell 40.59 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 356:713.

NIFTY TECHNICAL

Current Spot: 5197.25
Pivot: 5212
5DEMA: 5242
10DEMA: 5250
20DEMA: 5216
50DEMA: 5153
RSI (14 days): 50.55
Parabolic SAR: 5340
Supports: 5176 - 5155 - 5120
Resistance: 5233 - 5268 - 5289
CAM Support: 5192 - 5187 - 5182 - 5166
CAM Resistance: 5202 - 5208 - 5213 - 5228
Nifty Future VIX Range: 5153 - 5260

Nifty Future VWAP: 5231.29
MP Values Nifty Future: VAH - 5253, POC - 5236, VAL - 5219

TARGET NIFTY
Buy Nifty Future above 5218 - 5250 - 5290 - 5335 SL - 5202
Sell Nifty Future below 5199 - 5170 - 5135 - 5085 SL - 5217

BANKNIFTY TECHNICAL

Current Spot: 10568.20
Pivot: 10605
5DEMA: 10605
10DEMA: 10549
20DEMA: 10380
50DEMA: 10147
RSI (14 days): 61.79
Parabolic SAR: 10783
Supports: 10516 - 10464 - 10376
Resistance: 10656 - 10745 - 10797
CAM Support: 10555 - 10543 - 10530 - 10491
CAM Resistance: 10581 - 10594 - 10607 - 10645
Bank Nifty Future VIX Range: 10435 - 10722

Bank Nifty Future VWAP: 10633.39
MP Values Bank Nifty Future: VAH - 10670, POC - 10622, VAL - 10574

TARGET BANKNIFTY
Buy BankNifty Future above 10624 - 10675 - 10770 - 10840 SL - 10601
Sell BankNifty Future below 10563 - 10520 - 10455 - 10355 SL - 10621

INTRADAY TRADE
Reliance Industries: Buy above 722 for targets of 724, 727, 732 SL 718
Reliance Industries: Sell below 716 for targets of 714, 711, 706 SL 722
Bhartiartl: Buy above 320 for targets of 323, 328 SL 316
Titan: Buy above 221 for targets of 223, 227 SL 219

SCORE SHEET
Orchidchem: Buy above 121.5 for targets of 123, 125 SL 120: Target 124.80 done
Sintex: Buy above 66.8 for targets of 67.7, 69 SL 65.2: Target 68.45 done

POSITIONAL TRADE
AxisBank: Buy above 1049 for target of 1083 SL 1043 (2-3 Days)
Rssoftware: Buy above 106 for target of 115 SL 104 (1 Week)

Thanks and Regards

S&P Wealth Creators