Market outlook for 17/08/2012

Nifty closed down 17.40 points (0.32%) at 5362.95 while Nifty Future closed at 5382.00, premium of 19.05 points.
Bank Nifty closed down 92.40 points (0.88%) at 10426.75 while Future closed at 10472.70, premium of 45.95 points.

• FII bought in Cash (Net buy 95.01 Crore)
• FII sold in index future, index option and stock future (Net sell 885.97 Crore)
• DII bought in Cash (Net buy 225.30 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5400 and 5300.
• Advance Decline for the day was 666:825.

NIFTY TECHNICAL

Current Spot: 5362.95
Pivot: 5370
5DEMA: 5348
10DEMA: 5316
20DEMA: 5273
50DEMA: 5190
RSI (14 days): 63.89
Parabolic SAR: 5253
Supports: 5350 - 5336 - 5316
Resistance: 5384 - 5404 - 5418
Nifty Future VIX Range: 5336 - 5428

Nifty Future VWAP: 5391.71
MP Values Nifty Future: VAH - 5404, POC - 5396, VAL - 5388

TARGET NIFTY
Buy Nifty Future above 5393 - 5405 - 5420 - 5435 SL - 5383
Sell Nifty Future below 5374 - 5365 - 5350 - 5340 SL - 5392

BANKNIFTY TECHNICAL

Current Spot: 10426.75
Pivot: 10461
5DEMA: 10445
10DEMA: 10436
20DEMA: 10414
50DEMA: 10233
RSI (14 days): 51.96
Parabolic SAR: 10312
Supports: 10371 - 10316 - 10226
Resistance: 10517 - 10607 - 10662
Bank Nifty Future VIX Range: 10356 - 10589

Bank Nifty Future VWAP: 10526.07
MP Values Bank Nifty Future: VAH - 10577, POC - 10534, VAL - 10491

TARGET BANKNIFTY
Buy BankNifty Future above 10521 - 10565 - 10660 - 10715 SL - 10495
Sell BankNifty Future below 10457 - 10420 - 10365 - 10270 SL - 10517

INTRADAY TRADE
Reliance Industries: Buy above 818 for targets of 821, 826, 833 SL 811
Reliance Industries: Sell below 808 for targets of 805, 800, 792 SL 814
Satyamcomp: Buy above 97 for targets of 98, 100 SL 95.5
Techm: Buy above 849 for targets of 855, 867 SL 834

SCORE SHEET
Mastek: Buy above 152 for targets of 155, 160 SL 147: Target 178.30 done
Bajajfinsv: Buy above 946 for targets of 957, 973 SL 931: Target 952.25 done

POSITIONAL TRADE
Vguard: Buy above 441 for target of 457 SL 434 (2-3 Days)
BankIndia: Buy above 278 for target of 294 SL 271 (1 Week)

Thanks and Regards

S&P Wealth Creators