Monday, August 6, 2012

Market outlook for 07/08/2012

Nifty closed up 66.85 points (1.28%) at 5282.55 while Nifty Future closed at 5296.85, premium of 14.30 points.
Bank Nifty closed up 146.80 points (1.42%) at 10462.40 while Future closed at 10498.50, premium of 36.10 points.
  • FII bought in Cash (Net buy 555.73 Crore)
  • FII bought in index future, stock future and index option (Net buy 1018.99 Crore)
  • DII sold in Cash (Net sell 4.23 Crore)
  • Most Active Nifty Call Option: 5300 and 5400.
  • Most Active Nifty Put Options: 5300 and 5200.
  • Advance Decline for the day was 926:563.
NIFTY TECHNICAL
Current Spot: 5282.55
Pivot: 5279
5DEMA: 5233
10DEMA: 5211
20DEMA: 5199
50DEMA: 5160
RSI (14 days): 59.13
Parabolic SAR: 5082
Supports: 5265 - 5247 - 5232
Resistance: 5297 - 5311 - 5329
Nifty Future VIX Range: 5244 - 5349
Nifty Future VWAP: 5294.82
MP Values Nifty Future: VAH - 5305, POC - 5296, VAL - 5287

TARGET NIFTY
Buy Nifty Future above 5301 - 5310 - 5325 - 5345 SL - 5290
Sell Nifty Future below 5288 - 5280 - 5265 - 5251 SL - 5299

BANKNIFTY TECHNICAL
Current Spot: 10462.40
Pivot: 10464
5DEMA: 10385
10DEMA: 10376
20DEMA: 10369
50DEMA: 10215
RSI (14 days): 54.96
Parabolic SAR: 10089
Supports: 10426 - 10389 - 10351
Resistance: 10500 - 10538 - 10575
Bank Nifty Future VIX Range: 10369 - 10628
Bank Nifty Future VWAP: 10508.07
MP Values Bank Nifty Future: VAH - 10586, POC - 10516, VAL - 10469

TARGET BANKNIFTY
Buy BankNifty Future above 10575 - 10650 - 10800 - 10920 SL - 10544
Sell BankNifty Future below 10482 - 10405 - 10315 - 10150 SL - 10573

INTRADAY TRADE
Reliance Industries: Buy above 788 for targets of 792, 799, 810 SL 779
Reliance Industries: Sell below 771 for targets of 767, 760, 749 SL 776
Vguard: Buy above 338 for targets of 342, 349 SL 332
Bomdyeing: Buy above 531 for targets of 536, 545 SL 522

SCORE SHEET
Bajajcorp: Buy above 159 for targets of 162, 167 SL 155: Target 164.75 done
Dishman: Buy above 80 for targets of 81, 84 SL 78.5: Target 83.50 done

POSITIONAL TRADE
Bharatforg: Buy above 302 for target of 314 SL 297 (2-3 Days)
RelInfra: Buy above 516 for target of 555 SL 502 (1 Week)

Thanks and Regards

S&P Wealth Creators

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