Market outlook for 25/07/2012

Nifty closed up 10.25 points (0.25%) at 5128.20 while Nifty Future closed at 5135.35, premium of 7.15 points.
Bank Nifty closed up 24.40 points (0.24%) at 10299.00 while Future closed at 10328.05, premium of 29.05 points.

• FII sold in Cash (Net sell 252.91 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 140.06 Crore)
• DII bought in Cash (Net buy 39.23 Crore)
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 698:768.

NIFTY TECHNICAL

Current Spot: 5128.20
Pivot: 5125
5DEMA: 5167
10DEMA: 5195
20DEMA: 5199
50DEMA: 5158
RSI (14 days): 43.26
Parabolic SAR: 5251
Supports: 5106 - 5084 - 5066
Resistance: 5147 - 5166 - 5188
Nifty Future VIX Range: 5084 - 5186

Nifty Future VWAP: 5134.17
MP Values Nifty Future: VAH - 5144, POC - 5136, VAL - 5128

TARGET NIFTY
Buy Nifty Future above 5139 - 5155 - 5175 - 5200 SL - 5126
Sell Nifty Future below 5124 - 5113 - 5090 - 5070 SL - 5135

BANKNIFTY TECHNICAL

Current Spot: 10299.00
Pivot: 10295
5DEMA: 10411
10DEMA: 10467
20DEMA: 10413
50DEMA: 10199
RSI (14 days): 47.61
Parabolic SAR: 10649
Supports: 10241 - 10183 - 10129
Resistance: 10353 - 10407 - 10465
Bank Nifty Future VIX Range: 10198 - 10458

Bank Nifty Future VWAP: 10330.06
MP Values Bank Nifty Future: VAH - 10365, POC - 10340, VAL - 10315

TARGET BANKNIFTY
Buy BankNifty Future above 10336 - 10380 - 10435 - 10500 SL - 10307
Sell BankNifty Future below 10305 - 10270 - 10205 - 10150 SL - 10328

INTRADAY TRADE
Reliance Industries: Buy above 726 for targets of 728, 731, 736 SL 721
Reliance Industries: Sell below 721 for targets of 719, 716, 710 SL 725
Ster: Buy above 102.4 for targets of 103.5, 105 SL 101
Lichsgfin: Buy above 252 for targets of 255, 261 SL 249

SCORE SHEET
Zeel: Buy above 153.5 for targets of 155, 157 SL 152: Target 154.80 done
Jkcement: Buy above 222 for targets of 225, 230 SL 217: Target 225.50 done

POSITIONAL TRADE
Wockpharma: Buy above 971 for target of 1007 SL 954 (2-3 Days)
Lupin: Buy above 582 for target of 630 SL 566 (1 Week)

Thanks and Regards

S&P Wealth Creators