Market outlook for 09/08/2012

Nifty closed up 1.30 points (0.02%) at 5338.00 while Nifty Future closed at 5354.75, premium of 16.75 points.
Bank Nifty closed down 62.70 points (0.59%) at 10529.25 while Future closed at 10559.15, premium of 29.90 points.

• FII bought in Cash (Net buy 1114.21 Crore)
• FII bought in index future, stock future and index option (Net buy 1020.96 Crore)
• DII sold in Cash (Net sell 794.70 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 602:893.

NIFTY TECHNICAL

Current Spot: 5338.00
Pivot: 5349
5DEMA: 5291
10DEMA: 5253
20DEMA: 5224
50DEMA: 5166
RSI (14 days): 63.55
Parabolic SAR: 5131
Supports: 5320 - 5302 - 5274
Resistance: 5367 - 5395 - 5413
Nifty Future VIX Range: 5303 - 5406
Nifty Future VWAP: 5364.95
MP Values Nifty Future: VAH - 5378, POC - 5366, VAL - 5354

TARGET NIFTY
Buy Nifty Future above 5369 - 5380 - 5405 - 5430 SL - 5358
Sell Nifty Future below 5347 - 5335 - 5320 - 5290 SL - 5367

BANKNIFTY TECHNICAL

Current Spot: 10529.25
Pivot: 10560
5DEMA: 10479
10DEMA: 10436
20DEMA: 10403
50DEMA: 10222
RSI (14 days): 56.74
Parabolic SAR: 10142
Supports: 10480 - 10431 - 10351
Resistance: 10610 - 10690 - 10739
Bank Nifty Future VIX Range: 10432 - 10686
Bank Nifty Future VWAP: 10606.37
MP Values Bank Nifty Future: VAH - 10670, POC - 10630, VAL - 10590

TARGET BANKNIFTY
Buy BankNifty Future above 10600 - 10640 - 10730 - 10790 SL - 10578
Sell BankNifty Future below 10545 - 10510 - 10450 - 10365 SL - 10598

INTRADAY TRADE
Reliance Industries: Buy above 793 for targets of 796, 802, 811 SL 789
Reliance Industries: Sell below 787 for targets of 784, 778, 767 SL 793
Cumminsind: Buy above 486 for targets of 491, 500 SL 481
Bajafinsv: Buy above 834 for targets of 842, 855 SL 827

SCORE SHEET
Bfutilitie: Buy above 437 for targets of 442, 450 SL 432: Target 441.90 done
Idfc: Buy above 136.5 for targets of 138, 140 SL 134.5: Call not active

POSITIONAL TRADE
NFL: Buy above 82 for target of 89 SL 80 (2-3 Days)
Geometric: Buy above 98 for target of 105 SL 96 (1 Week)

Thanks and Regards

S&P Wealth Creators