Tuesday, July 17, 2012

Market outlook for 18/07/2012

Nifty closed down 4.40 points (0.08%) at 5192.85 while Nifty Future closed at 5198.65, premium of 5.80 points.
Bank Nifty closed down 10.15 points (0.10%) at 10558.05 while Future closed at 10560.45, premium of 2.40 points.
  • FII bought in Cash (Net buy 474.95 Crore)
  • FII sold in index option, stock future but bought in index future (Net sell 416.72 Crore)
  • DII sold in Cash (Net sell 266.21 Crore)
  • Most Active Nifty Call Option: 5200 and 5300.
  • Most Active Nifty Put Options: 5200 and 5100.
  • Advance Decline for the day was 429:1051.
NIFTY TECHNICAL
Current Spot: 5192.85
Pivot: 5204
5DEMA: 5226
10DEMA: 5240
20DEMA: 5214
50DEMA: 5159
RSI (14 days): 49.91
Parabolic SAR: 5330
Supports: 5171 - 5149 - 5116
Resistance: 5226 - 5259 - 5281
CAM Support: 5188 - 5183 - 5178 - 5163
CAM Resistance: 5198 - 5203 - 5208 - 5223
Nifty Future VIX Range: 5147 - 5250
Nifty Future VWAP: 5216.91
MP Values Nifty Future: VAH - 5236, POC - 5218, VAL - 5200

TARGET NIFTY
Buy Nifty Future above 5216 - 5232 - 5265 - 5290 SL - 5202
Sell Nifty Future below 5191 - 5178 - 5155 - 5120 SL - 5214

BANKNIFTY TECHNICAL
Current Spot: 10558.05
Pivot: 10584
5DEMA: 10589
10DEMA: 10551
20DEMA: 10397
50DEMA: 10170
RSI (14 days): 61.14
Parabolic SAR: 10777
Supports: 10494 - 10429 - 10339
Resistance: 10648 - 10738 - 10803
CAM Support: 10544 - 10530 - 10516 - 10473
CAM Resistance: 10572 - 10586 - 10601 - 10643
Bank Nifty Future VIX Range: 10422 - 10699
Bank Nifty Future VWAP: 10593.39
MP Values Bank Nifty Future: VAH - 10602, POC - 10564, VAL - 10533

TARGET BANKNIFTY
Buy BankNifty Future above 10596 - 10645 - 10735 - 10795 SL - 10571
Sell BankNifty Future below 10545 - 10505 - 10445 - 10355 SL - 10593

INTRADAY TRADE
Reliance Industries: Buy above 725 for targets of 727, 730, 735 SL 720
Reliance Industries: Sell below 717 for targets of 715, 712, 707 SL 723
Hercules: Buy above 155 for targets of 158, 165 SL 149
Kesoramind: Buy above 157 for targets of 159, 163 SL 154

SCORE SHEET
Bhartiartl: Buy above 320 for targets of 323, 328 SL 316: Target 328.80 done
Titan: Buy above 221 for targets of 223, 227 SL 219: Target 223.55 done

POSITIONAL TRADE
Cadilahc: Buy above 835 for target of 870 SL 826 (2-3 Days)
Goacarbon: Buy above 116 for target of 126 SL 111 (1 Week)

Thanks and Regards

S&P Wealth Creators

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