Market outlook for 31/07/2012

Nifty closed up 99.95 points (1.96%) at 5199.80 while Nifty Future closed at 5216.70, premium of 16.90 points.
Bank Nifty closed up 271.60 points (2.68%) at 10412.15 while Future closed at 10472.25, premium of 60.10 points.

• FII bought in Cash (Net buy 928.95 Crore)
• FII bought in index future, stock future and in index option (Net buy 2174.67 Crore)
• DII sold in Cash (Net sell 233.72 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 981:504.

NIFTY TECHNICAL

Current Spot: 5199.80
Pivot: 5179
5DEMA: 5139
10DEMA: 5155
20DEMA: 5172
50DEMA: 5154
RSI (14 days): 52.41
Parabolic SAR: 5032
Supports: 5151 - 5102 - 5074
Resistance: 5228 - 5256 - 5305
Nifty Future VIX Range: 5159 - 5274

Nifty Future VWAP: 5187.54
MP Values Nifty Future: VAH - 5210, POC - 5188, VAL - 5166

TARGET NIFTY
Buy Nifty Future above 5221 - 5240 - 5265 - 5305 SL - 5194
Sell Nifty Future below 5189 - 5173 - 5135 - 5100 SL - 5205

BANKNIFTY TECHNICAL

Current Spot: 10412.15
Pivot: 10354
5DEMA: 10289
10DEMA: 10342
20DEMA: 10353
50DEMA: 10209
RSI (14 days): 53.14
Parabolic SAR: 10427
Supports: 10281 - 10149 - 10076
Resistance: 10485 - 10558 - 10690
Bank Nifty Future VIX Range: 10326 - 10618

Bank Nifty Future VWAP: 10408.51
MP Values Bank Nifty Future: VAH - 10483, POC - 10430, VAL - 10377

TARGET BANKNIFTY
Buy BankNifty Future above 10480 - 10545 - 10620 - 10755 SL - 10399
Sell BankNifty Future below 10391 - 10335 - 10190 - 10110 SL - 10419

INTRADAY TRADE
Reliance Industries: Buy above 731 for targets of 733, 735, 740 SL 726
Reliance Industries: Sell below 725 for targets of 723, 720, 715 SL 730
Dcm: Buy above 157.5 for targets of 159, 162 SL 155
RelInfra: Buy above 502 for targets of 507, 516 SL 492

SCORE SHEET
TataSteel: Buy above 400 for targets of 404, 409 SL 396: Target 411.60 done
Hindalco: Buy above 117.8 for targets of 118.6, 120 SL 117: Target 118.95 done

POSITIONAL TRADE
JpAssociat: Buy above 74 for target of 77 SL 72.60 (2-3 Days)
Idfc: Buy above 134 for target of 144 SL 131 (1 Week)

Thanks and Regards

S&P Wealth Creators