Market outlook for 16/08/2012

Nifty closed up 32.45 points (0.61%) at 5380.35 while Nifty Future closed at 5406.85, premium of 26.50 points.
Bank Nifty closed up 117.85 points (1.13%) at 10519.15 while Future closed at 10576.35, premium of 57.20 points.

• FII bought in Cash (Net buy 258.21 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 159.84 Crore)
• DII bought in Cash (Net buy 75.72 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5400 and 5300.
• Advance Decline for the day was 762:710.

NIFTY TECHNICAL

Current Spot: 5380.35
Pivot: 5365
5DEMA: 5341
10DEMA: 5305
20DEMA: 5264
50DEMA: 5189
RSI (14 days): 66.31
Parabolic SAR: 5231
Supports: 5344 - 5307 - 5286
Resistance: 5402 - 5424 - 5460
Nifty Future VIX Range: 5360 - 5454

Nifty Future VWAP: 5393.25
MP Values Nifty Future: VAH - 5416, POC - 5405, VAL - 5378

TARGET NIFTY
Buy Nifty Future above 5411 - 5428 - 5450 - 5485 SL - 5390
Sell Nifty Future below 5384 - 5370 - 5335 - 5310 SL - 5402

BANKNIFTY TECHNICAL

Current Spot: 10519.15
Pivot: 10485
5DEMA: 10454
10DEMA: 10437
20DEMA: 10413
50DEMA: 10236
RSI (14 days): 55.95
Parabolic SAR: 10283
Supports: 10422 - 10326 - 10263
Resistance: 10582 - 10644 - 10741
Bank Nifty Future VIX Range: 10458 - 10695

Bank Nifty Future VWAP: 10547.49
MP Values Bank Nifty Future: VAH - 10613, POC - 10585, VAL - 10517

TARGET BANKNIFTY
Buy BankNifty Future above 10585 - 10645 - 10710 - 10825 SL - 10535
Sell BankNifty Future below 10525 - 10475 - 10365 - 10290 SL - 10557

INTRADAY TRADE
Reliance Industries: Buy above 802 for targets of 804, 809, 817 SL 794
Reliance Industries: Sell below 792 for targets of 790, 785, 778 SL 798
Mastek: Buy above 152 for targets of 155, 160 SL 147
Bajajfinsv: Buy above 946 for targets of 957, 973 SL 931

SCORE SHEET
Venkeys: Buy above 558 for targets of 565, 578 SL 545: Target 574.10 done
Zeel: Buy above 171.5 for targets of 172.5, 174 SL 169: Target 173.90 done

POSITIONAL TRADE
Adanient: Buy above 192.5 for target of 199 SL 188.5 (2-3 Days)
Dishman: Buy above 94 for target of 100 SL 92 (1 Week)

Thanks and Regards

S&P Wealth Creators