Market outlook for 13/08/2012

Nifty closed down 2.55 points (0.05%) at 5320.40 while Nifty Future closed at 5345.10, premium of 24.70 points.
Bank Nifty closed down 86.95 points (0.83%) at 10358.95 while Future closed at 10424.70, premium of 65.75 points.

• FII bought in Cash (Net buy 83.16 Crore)
• FII sold in index future, index option and in stock future (Net sell 846.94 Crore)
• DII sold in Cash (Net sell 536.69 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 580:898.

NIFTY TECHNICAL

Current Spot: 5320.20
Pivot: 5315
5DEMA: 5308
10DEMA: 5275
20DEMA: 5242
50DEMA: 5173
RSI (14 days): 61.37
Parabolic SAR: 5186
Supports: 5300 - 5279 - 5264
Resistance: 5336 - 5351 - 5372
Nifty Future VIX Range: 5297 - 5393

Nifty Future VWAP: 5338.03
MP Values Nifty Future: VAH - 5347, POC - 5337, VAL - 5327

TARGET NIFTY
Buy Nifty Future above 5349 - 5360 - 5380 – 5400 SL - 5337
Sell Nifty Future below 5334 - 5325 - 5305 - 5285 SL - 5345

BANKNIFTY TECHNICAL

Current Spot: 10358.95
Pivot: 10360
5DEMA: 10432
10DEMA: 10423
20DEMA: 10402
50DEMA: 10223
RSI (14 days): 49.52
Parabolic SAR: 10218
Supports: 10271 - 10183 - 10094
Resistance: 10448 - 10537 - 10625
Bank Nifty Future VIX Range: 10305 - 10545

Bank Nifty Future VWAP: 10419.11
MP Values Bank Nifty Future: VAH - 10469, POC - 10432, VAL - 10395

TARGET BANKNIFTY
Buy BankNifty Future above 10435 - 10490 - 10560 - 10635 SL - 10407
Sell BankNifty Future below 10402 - 10355 - 10275 - 10210 SL - 10427

INTRADAY TRADE
Reliance Industries: Buy above 784 for targets of 787, 793, 800 SL 780
Reliance Industries: Sell below 778 for targets of 775, 769, 762 SL 784
Jisjaleqs: Buy above 83.7 for targets of 85.9, 88.4 SL 82.6
Igl: Buy above 253 for targets of 256, 262 SL 250

SCORE SHEET
CenturyTex: Buy above 319 for targets of 323, 328 SL 314: Target 321.80 done
Hindunilvr: Buy above 490 for targets of 494, 500 SL 484: Target 498.50 done

POSITIONAL TRADE
Ster: Buy above 111 for target of 116 SL 108 (2-3 Days)
Balramchin: Buy above 68 for target of 74 SL 66.5 (1 Week)

Thanks and Regards

S&P Wealth Creators