Market outlook for 27/07/2012

Nifty closed down 66.60 points (1.30%) at 5043.00 while Nifty Future closed at 5081.30, premium of 38.30 points.
Bank Nifty closed down 184.05 points (1.79%) at 10083.80 while Future closed at 10151.85, premium of 68.05 points.

• FII sold huge in Cash (Net sell 1180.70 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 5.13 Crore)
• DII bought in Cash (Net buy 422.70 Crore)
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 312:1159.

NIFTY TECHNICAL

Current Spot: 5043.00
Pivot: 5067
5DEMA: 5113
10DEMA: 5155
20DEMA: 5176
50DEMA: 5149
RSI (14 days): 36.07
Parabolic SAR: 5195
Supports: 5008 - 4973 - 4914
Resistance: 5102 - 5161 - 5196
Nifty Future VIX Range: 5031 - 5132

Nifty Future VWAP: 5107.70
MP Values Nifty Future: VAH - 5148, POC - 5125, VAL - 5087

TARGET NIFTY
Buy Nifty Future above 5104 - 5130 - 5170 - 5200 SL - 5092
Sell Nifty Future below 5074 - 5055 - 5025 - 4980 SL - 5102

BANKNIFTY TECHNICAL

Current Spot: 10083.80
Pivot: 10151
5DEMA: 10270
10DEMA: 10368
20DEMA: 10369
50DEMA: 10191
RSI (14 days): 39.52
Parabolic SAR: 10522
Supports: 9989 - 9893 - 9731
Resistance: 10247 - 10409 - 10504
Bank Nifty Future VIX Range: 10021 - 10282

Bank Nifty Future VWAP: 10225.30
MP Values Bank Nifty Future: VAH - 10334, POC - 10265, VAL - 10165

TARGET BANKNIFTY
Buy BankNifty Future above 10210 - 10275 - 10410 - 10485 SL - 10179
Sell BankNifty Future below 10137 - 10075 - 10000 - 9870 SL - 10208

INTRADAY TRADE
Reliance Industries: Buy above 716 for targets of 718, 723, 730 SL 711
Reliance Industries: Sell below 708 for targets of 706, 701, 694 SL 714
SunTv: Buy above 298 for targets of 301, 307 SL 292
JetAirways: Buy above 340 for targets of 344, 352 SL 336

SCORE SHEET
DLF: Buy above 204 for targets of 206, 209 SL 202: SL Hit
Ambujacem: Buy above 175 for targets of 177, 181 SL 172: Target 180.80 done

POSITIONAL TRADE
IvrclInfra: Buy above 44.3 for target of 48 SL 43.3 (2-3 Days)
Adaniports: Buy above 119 for target of 125 SL 117 (1 Week)

Thanks and Regards

S&P Wealth Creators