Market outlook for 21/08/2012

Nifty closed up 3.35 points (0.06%) at 5366.30 while Nifty Future closed at 5382.35, premium of 16.05 points.
Bank Nifty closed down 8.85 points (0.08%) at 10417.90 while Future closed at 10460.95, premium of 43.05 points.

• FII bought in Cash (Net buy 308.22 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 864.00 Crore)
• DII bought in Cash (Net buy 40.19 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5400 and 5300.
• Advance Decline for the day was 682:818.

NIFTY TECHNICAL

Current Spot: 5366.30
Pivot: 5369
5DEMA: 5354
10DEMA: 5325
20DEMA: 5282
50DEMA: 5198
RSI (14 days): 64.14
Parabolic SAR: 5277
Supports: 5339 - 5311 - 5280
Resistance: 5397 - 5428 - 5455
Nifty Future VIX Range: 5338 - 5427

Nifty Future VWAP: 5389.53
MP Values Nifty Future: VAH - 5405, POC - 5382, VAL - 5359

TARGET NIFTY
Buy Nifty Future above 5390 - 5415 - 5450 - 5490 SL - 5381
Sell Nifty Future below 5374 - 5355 - 5320 - 5280 SL - 5389

BANKNIFTY TECHNICAL

Current Spot: 10417.90
Pivot: 10426
5DEMA: 10436
10DEMA: 10432
20DEMA: 10415
50DEMA: 10239
RSI (14 days): 51.59
Parabolic SAR: 10338
Supports: 10346 - 10275 - 10195
Resistance: 10498 - 10577 - 10649
Bank Nifty Future VIX Range: 10348 - 10574

Bank Nifty Future VWAP: 10477.09
MP Values Bank Nifty Future: VAH - 10505, POC - 10441, VAL - 10392

TARGET BANKNIFTY
Buy BankNifty Future above 10480 - 10545 - 10630 - 10710 SL - 10455
Sell BankNifty Future below 10445 - 10390 - 10315 - 10220 SL - 10476

INTRADAY TRADE
Reliance Industries: Buy above 821 for targets of 824, 829, 836 SL 815
Reliance Industries: Sell below 814 for targets of 811, 806, 799 SL 819
TataMotors: Buy above 241 for targets of 243, 246 SL 239
Bhartiartl: Buy above 263 for targets of 265, 268 SL 260

SCORE SHEET
Satyamcomp: Buy above 97 for targets of 98, 100 SL 95.5: Target 100.25 done
Techm: Buy above 849 for targets of 855, 867 SL 834: Target 858.50 done

POSITIONAL TRADE
JpAssociat: Buy above 76 for target of 79 SL 74.30 (2-3 Days)
Renuka: Buy above 33.90 for target of 36 SL 33.20 (1 Week)

Thanks and Regards

S&P Wealth Creators