Market outlook for 26/07/2012

Nifty closed down 18.60 points (0.36%) at 5109.60 while Nifty Future closed at 5112.55, premium of 2.95 points.
Bank Nifty closed down 31.15 points (0.30%) at 10267.85 while Future closed at 10289.15, premium of 21.30 points.

• FII sold in Cash (Net sell 372.21 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 26.51 Crore)
• DII sold in Cash (Net sell 10.47 Crore)
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 481:993.

NIFTY TECHNICAL

Current Spot: 5109.60
Pivot: 5103
5DEMA: 5148
10DEMA: 5180
20DEMA: 5190
50DEMA: 5155
RSI (14 days): 41.56
Parabolic SAR: 5227
Supports: 5084 - 5058 - 5039
Resistance: 5129 - 5148 - 5174
Nifty Future VIX Range: 5063 - 5162

Nifty Future VWAP: 5103.07
MP Values Nifty Future: VAH - 5125, POC - 5112, VAL - 5098

TARGET NIFTY
Buy Nifty Future above 5116 - 5130 - 5150 - 5175 SL - 5102
Sell Nifty Future below 5098 - 5088 - 5060 - 5040 SL - 5115

BANKNIFTY TECHNICAL

Current Spot: 10267.85
Pivot: 10269
5DEMA: 10363
10DEMA: 10431
20DEMA: 10399
50DEMA: 10198
RSI (14 days): 46.31
Parabolic SAR: 10598
Supports: 10223 - 10179 - 10133
Resistance: 10314 - 10360 - 10405
Bank Nifty Future VIX Range: 10163 - 10415

Bank Nifty Future VWAP: 10289.97
MP Values Bank Nifty Future: VAH - 10326, POC - 10298, VAL - 10270

TARGET BANKNIFTY
Buy BankNifty Future above 10311 - 10355 - 10430 - 10485 SL - 10289
Sell BankNifty Future below 10274 - 10240 - 10180 - 10105 SL - 10309

INTRADAY TRADE
Reliance Industries: Buy above 721 for targets of 723, 728, 735 SL 717
Reliance Industries: Sell below 715 for targets of 713, 708, 702 SL 720
DLF: Buy above 204 for targets of 206, 209 SL 202
Ambujacem: Buy above 175 for targets of 177, 181 SL 172

SCORE SHEET
Ster: Buy above 102.4 for targets of 103.5, 105 SL 101: Call not active
Lichsgfin: Buy above 252 for targets of 255, 261 SL 249: Call not active

POSITIONAL TRADE
YesBank: Buy above 347 for target of 361 SL 344 (2-3 Days)
Hcltech: Buy above 515 for target of 550 SL 509 (1 Week)

Thanks and Regards

S&P Wealth Creators