Market outlook for 10/08/2012

Nifty closed down 15.05 points (0.28%) at 5322.95 while Nifty Future closed at 5350.05, premium of 27.10 points.
Bank Nifty closed down 83.35 points (0.79%) at 10445.90 while Future closed at 10505.70, premium of 59.80 points.

• FII bought in Cash (Net buy 337.14 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 133.40 Crore)
• DII sold in Cash (Net sell 754.40 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 492:982.

NIFTY TECHNICAL

Current Spot: 5322.95
Pivot: 5334
5DEMA: 5302
10DEMA: 5265
20DEMA: 5233
50DEMA: 5171
RSI (14 days): 61.62
Parabolic SAR: 5160
Supports: 5301 - 5278 - 5245
Resistance: 5357 - 5391 - 5413
Nifty Future VIX Range: 5300 - 5400

Nifty Future VWAP: 5358.43
MP Values Nifty Future: VAH - 5372, POC - 5356, VAL - 5340

TARGET NIFTY
Buy Nifty Future above 5359 - 5376 - 5405 – 5428 SL - 5343
Sell Nifty Future below 5342 - 5329 - 5305 - 5277 SL - 5358

BANKNIFTY TECHNICAL

Current Spot: 10445.90
Pivot: 10495
5DEMA: 10468
10DEMA: 10438
20DEMA: 10407
50DEMA: 10218
RSI (14 days): 53.16
Parabolic SAR: 10182
Supports: 10376 - 10306 - 10187
Resistance: 10565 - 10684 - 10754
Bank Nifty Future VIX Range: 10383 - 10629

Bank Nifty Future VWAP: 10558.83
MP Values Bank Nifty Future: VAH - 10640, POC - 10600, VAL - 10526

TARGET BANKNIFTY
Buy BankNifty Future above 10550 - 10600 - 10695 - 10760 SL - 10517
Sell BankNifty Future below 10490 - 10450 - 10390 - 10290 SL - 10547

INTRADAY TRADE
Reliance Industries: Buy above 788 for targets of 791, 800, 810 SL 782
Reliance Industries: Sell below 777 for targets of 774, 767, 755 SL 786
CenturyTex: Buy above 319 for targets of 323, 328 SL 314
Hindunilvr: Buy above 490 for targets of 494, 500 SL 484

SCORE SHEET
Cumminsind: Buy above 486 for targets of 491, 500 SL 481: Target 490.90 done
Bajafinsv: Buy above 834 for targets of 842, 855 SL 827: Target 904.75 done

POSITIONAL TRADE
Bajajfinsv: Buy above 890 for target of 955 SL 865 (2-3 Days)
Apollotyre: Buy above 84 for target of 90 SL 82.5 (1 Week)

Thanks and Regards

S&P Wealth Creators