Market outlook for 20/07/2012

Nifty closed up 26.40 points (0.51%) at 5242.70 while Nifty Future closed at 5257.00, premium of 14.30 points.
Bank Nifty closed up 14.95 points (0.14%) at 10622.05 while Future closed at 10640.00, premium of 17.95 points.

• FII bought in Cash (Net buy 125.78 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 757.70 Crore)
• DII sold in Cash (Net sell 228.84 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 800:678.

NIFTY TECHNICAL

Current Spot: 5242.70
Pivot: 5245
5DEMA: 5229
10DEMA: 5237
20DEMA: 5217
50DEMA: 5167
RSI (14 days): 55.01
Parabolic SAR: 5302
Supports: 5131 - 5120 - 5207
Resistance: 5256 - 5269 - 5281
CAM Support: 5240 - 5238 - 5236 - 5229
CAM Resistance: 5245 - 5247 - 5249 - 5256
Nifty Future VIX Range: 5207 - 5307

Nifty Future VWAP: 5256.97
MP Values Nifty Future: VAH - 5261, POC - 5255, VAL - 5249

TARGET NIFTY
Buy Nifty Future above 5261 - 5270 - 5285 - 5305 SL - 5251
Sell Nifty Future below 5248 - 5240 - 5225 - 5205 SL - 5259

BANKNIFTY TECHNICAL

Current Spot: 10622.05
Pivot: 10646
5DEMA: 10604
10DEMA: 10572
20DEMA: 10437
50DEMA: 10207
RSI (14 days): 63.10
Parabolic SAR: 10750
Supports: 10583 - 10544 - 10481
Resistance: 10685 - 10748 - 10787
CAM Support: 10613 - 10603 - 10594 - 10566
CAM Resistance: 10631 - 10641 - 10650 - 10678
Bank Nifty Future VIX Range: 10508 - 10772

Bank Nifty Future VWAP: 10671.17
MP Values Bank Nifty Future: VAH - 10711, POC - 10683, VAL - 10655

TARGET BANKNIFTY
Buy BankNifty Future above 10670 - 10695 - 10750 - 10785 SL - 10646
Sell BankNifty Future below 10624 - 10605 - 10575 - 10515 SL - 10667

INTRADAY TRADE
Reliance Industries: Buy above 730 for targets of 732, 735, 740 SL 723
Reliance Industries: Sell below 722 for targets of 720, 717, 712 SL 727
Cairn: Buy above 325 for targets of 328, 335 SL 321
DishTv: Buy above 71.3 for targets of 72, 73.6 SL 70.5

SCORE SHEET
Pantaloonr: Buy above 187 for targets of 190, 195 SL 182: Target 190.95 done
Mcleodruss: Buy above 330 for targets of 333, 338 SL 325: Target 333.45 done

POSITIONAL TRADE
IDFC: Buy above 140 for target of 148 SL 137 (2-3 Days)
Mcdowell-N: Buy above 810 for target of 860 SL 797 (1 Week)

Thanks and Regards

S&P Wealth Creators