Market outlook for 30/07/2012

Nifty closed up 56.85 points (1.13%) at 5099.85 while Nifty Future closed at 5123.55, premium of 23.70 points.
Bank Nifty closed up 56.75 points (0.56%) at 10140.55 while Future closed at 10206.50, premium of 65.95 points.

• FII bought in Cash (Net buy 563.72 Crore)
• FII bought in index future, stock future and in index option (Net buy 2629.65 Crore)
• DII sold in Cash (Net sell 254.44 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 493:989.

NIFTY TECHNICAL

Current Spot: 5099.85
Pivot: 5109
5DEMA: 5109
10DEMA: 5145
20DEMA: 5169
50DEMA: 5147
RSI (14 days): 42.94
Parabolic SAR: 5166
Supports: 5068 - 5037 - 4996
Resistance: 5141 - 5182 - 5213
Nifty Future VIX Range: 5070 - 5177

Nifty Future VWAP: 5139.90
MP Values Nifty Future: VAH - 5158, POC - 5133, VAL - 5108

TARGET NIFTY
Buy Nifty Future above 5137 - 5168 - 5215 - 5250 SL - 5122
Sell Nifty Future below 5116 - 5089 - 5055 - 5010 SL - 5135

BANKNIFTY TECHNICAL

Current Spot: 10140.55
Pivot: 10215
5DEMA: 10227
10DEMA: 10326
20DEMA: 10347
50DEMA: 10191
RSI (14 days): 42.25
Parabolic SAR: 10448
Supports: 10028 - 9916 - 9729
Resistance: 10327 - 10514 - 10626
Bank Nifty Future VIX Range: 10076 - 10337

Bank Nifty Future VWAP: 10325.32
MP Values Bank Nifty Future: VAH - 10435, POC - 10342, VAL - 10249

TARGET BANKNIFTY
Buy BankNifty Future above 10286 - 10375 - 10510 - 10605 SL - 10254
Sell BankNifty Future below 10191 - 10095 - 10000 - 9860 SL - 10284

INTRADAY TRADE
Reliance Industries: Buy above 725 for targets of 727, 730, 735 SL 720
Reliance Industries: Sell below 718 for targets of 716, 713, 708 SL 723
TataSteel: Buy above 400 for targets of 404, 409 SL 396
Hindalco: Buy above 117.8 for targets of 118.6, 120 SL 117

SCORE SHEET
SunTv: Buy above 298 for targets of 301, 307 SL 292: Call not Active
JetAirways: Buy above 340 for targets of 344, 352 SL 336: Target 347.70 done

POSITIONAL TRADE
HdfcBank: Buy above 586 for target of 617 SL 578 (2-3 Days)
Hdil: Buy above 76 for target of 84 SL 75 (1 Week)

Thanks and Regards

S&P Wealth Creators