Market outlook for 22/08/2012

Nifty closed up 54.70 points (1.02%) at 5421.00 while Nifty Future closed at 5441.90, premium of 20.90 points.
Bank Nifty closed up 51.60 points (0.50%) at 10469.50 while Future closed at 10512.00, premium of 42.50 points.

• FII bought in Cash (Net buy 141.37 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 88.03 Crore)
• DII sold in Cash (Net sell 141.64 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5400 and 5300.
• Advance Decline for the day was 816:673.

NIFTY TECHNICAL

Current Spot: 5421.00
Pivot: 5405
5DEMA: 5377
10DEMA: 5342
20DEMA: 5295
50DEMA: 5209
RSI (14 days): 69.60
Parabolic SAR: 5303
Supports: 5385 - 5349 - 5328
Resistance: 5441 - 5461 - 5498
Nifty Future VIX Range: 5396 - 5488

Nifty Future VWAP: 5418.19
MP Values Nifty Future: VAH - 5435, POC - 5413, VAL - 5391

TARGET NIFTY
Buy Nifty Future above 5446 - 5465 - 5490 - 5540 SL - 5418
Sell Nifty Future below 5413 - 5395 - 5350 - 5325 SL - 5433

BANKNIFTY TECHNICAL

Current Spot: 10469.50
Pivot: 10436
5DEMA: 10447
10DEMA: 10439
20DEMA: 10420
50DEMA: 10267
RSI (14 days): 53.61
Parabolic SAR: 10354
Supports: 10387 - 10305 - 10257
Resistance: 10518 - 10567 - 10649
Bank Nifty Future VIX Range: 10402 - 10622

Bank Nifty Future VWAP: 10460.78
MP Values Bank Nifty Future: VAH - 10486, POC - 10442, VAL - 10398

TARGET BANKNIFTY
Buy BankNifty Future above 10520 - 10560 - 10610 - 10695 SL - 10472
Sell BankNifty Future below 10461 - 10430 - 10345 - 10295 SL - 10489

INTRADAY TRADE
Reliance Industries: Buy above 821 for targets of 823, 826, 831 SL 815
Reliance Industries: Sell below 811 for targets of 809, 806, 800 SL 819
Hdfc: Buy above 735 for targets of 739, 748 SL 724
Techm: Buy above 872 for targets of 877, 887 SL 859

SCORE SHEET
TataMotors: Buy above 241 for targets of 243, 246 SL 239: Target 247.25 done
Bhartiartl: Buy above 263 for targets of 265, 268 SL 260: SL Hit

POSITIONAL TRADE
Jktyre: Buy above 117 for target of 125 SL 113.50 (2-3 Days)
Hindzinc: Buy above 133 for target of 145 SL 129 (1 Week)

Thanks and Regards

S&P Wealth Creators