Market outlook for 24/07/2012

Nifty closed down 87.15 points (1.67%) at 5117.95 while Nifty Future closed at 5120.40, premium of 2.45 points.
Bank Nifty closed down 207.00 points (1.97%) at 10274.60 while Future closed at 10306.65, premium of 32.05 points.

• FII bought in Cash (Net buy 109.17 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 2099.68 Crore)
• DII sold in Cash (Net sell 353.75 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 360:1133.

NIFTY TECHNICAL

Current Spot: 5117.95
Pivot: 5130
5DEMA: 5187
10DEMA: 5210
20DEMA: 5206
50DEMA: 5157
RSI (14 days): 42.14
Parabolic SAR: 5271
Supports: 5096 - 5074 - 5040
Resistance: 5152 - 5186 - 5208
Nifty Future VIX Range: 5068 - 5173

Nifty Future VWAP: 5143.80
MP Values Nifty Future: VAH - 5173, POC - 5154, VAL - 5133

TARGET NIFTY
Buy Nifty Future above 5139 - 5157 - 5195 - 5220 SL - 5119
Sell Nifty Future below 5113 - 5099 - 5075 - 5040 SL - 5138

BANKNIFTY TECHNICAL

Current Spot: 10274.60
Pivot: 10310
5DEMA: 10467
10DEMA: 10504
20DEMA: 10425
50DEMA: 10197
RSI (14 days): 46.56
Parabolic SAR: 10695
Supports: 10218 - 10162 - 10070
Resistance: 10367 - 10459 - 10515
Bank Nifty Future VIX Range: 10173 - 10440

Bank Nifty Future VWAP: 10356.06
MP Values Bank Nifty Future: VAH - 10403, POC - 10354, VAL - 10305

TARGET BANKNIFTY
Buy BankNifty Future above 10350 - 10395 - 10490 - 10550 SL - 10327
Sell BankNifty Future below 10291 - 10255 - 10195 - 10100 SL - 10348

INTRADAY TRADE
Reliance Industries: Buy above 723 for targets of 725, 730, 736 SL 718
Reliance Industries: Sell below 716 for targets of 714, 709, 703 SL 721
Zeel: Buy above 153.5 for targets of 155, 157 SL 152
Jkcement: Buy above 222 for targets of 225, 230 SL 217

SCORE SHEET
Maruti: Buy above 1150 for targets of 1160, 1180 SL 1128: Call not active
KtkBank: Buy above 102.5 for targets of 104, 106 SL 100.70: Target 103.70 done

POSITIONAL TRADE
Onelifecap: Buy above 518 for target of 545 SL 503 (2-3 Days)
Den: Buy above 128 for target of 136 SL 125 (1 Week)

Thanks and Regards

S&P Wealth Creators