Market outlook for 19/07/2012

Nifty closed up 23.45 points (0.45%) at 5216.30 while Nifty Future closed at 5223.55, premium of 7.25 points.
Bank Nifty closed up 49.05 points (0.46%) at 10607.10 while Future closed at 10628.10, premium of 21.00 points.

• FII bought in Cash (Net buy 276.40 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 528.39 Crore)
• DII sold in Cash (Net sell 165.75 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 746:731.

NIFTY TECHNICAL

Current Spot: 5216.30
Pivot: 5203
5DEMA: 5223
10DEMA: 5235
20DEMA: 5214
50DEMA: 5162
RSI (14 days): 52.39
Parabolic SAR: 5317
Supports: 5183 - 5149 - 5129
Resistance: 5236 - 5257 - 5290
CAM Support: 5211 - 5206 - 5202 - 5187
CAM Resistance: 5221 - 5226 - 5231 - 5246
Nifty Future VIX Range: 5173 - 5274

Nifty Future VWAP: 5208.68
MP Values Nifty Future: VAH - 5225, POC - 5206, VAL - 5187

TARGET NIFTY
Buy Nifty Future above 5227 - 5246 - 5270 - 5305 SL - 5209
Sell Nifty Future below 5205 - 5191 - 5155 - 5130 SL - 5217

BANKNIFTY TECHNICAL

Current Spot: 10607.10
Pivot: 10578
5DEMA: 10595
10DEMA: 10561
20DEMA: 10417
50DEMA: 10186
RSI (14 days): 62.73
Parabolic SAR: 10766
Supports: 10527 - 10448 - 10397
Resistance: 10658 - 10709 - 10789
CAM Support: 10595 - 10583 - 10571 - 10535
CAM Resistance: 10619 - 10631 - 10643 - 10679
Bank Nifty Future VIX Range: 10492 - 10765

Bank Nifty Future VWAP: 10584.77
MP Values Bank Nifty Future: VAH - 10617, POC - 10570, VAL - 10523

TARGET BANKNIFTY
Buy BankNifty Future above 10636 - 10680 - 10740 - 10830 SL - 10591
Sell BankNifty Future below 10581 - 10545 - 10455 - 10395 SL - 10613

INTRADAY TRADE
Reliance Industries: Buy above 720 for targets of 722, 725, 729 SL 715
Reliance Industries: Sell below 713 for targets of 711, 708, 704 SL 718
Pantaloonr: Buy above 187 for targets of 190, 195 SL 182
Mcleodruss: Buy above 330 for targets of 333, 338 SL 325

SCORE SHEET
Hercules: Buy above 155 for targets of 158, 165 SL 149: Target 160.75 done
Kesoramind: Buy above 157 for targets of 159, 163 SL 154: Opened at 163, Call not active

POSITIONAL TRADE
BajajFinsv: Buy above 715 for target of 742 SL 704 (2-3 Days)
AdaniEnt: Buy above 201 for target of 220 SL 197 (1 Week)

Thanks and Regards

S&P Wealth Creators