Market outlook for 23/08/2012

Nifty closed down 8.15 points (0.15%) at 5412.85 while Nifty Future closed at 5431.10, premium of 18.25 points.
Bank Nifty closed up 2.70 points (0.03%) at 10472.20 while Future closed at 10507.55, premium of 35.35 points.

• FII bought in Cash (Net buy 96.64 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 351.70 Crore)
• DII sold in Cash (Net sell 230.14 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5400 and 5300.
• Advance Decline for the day was 677:814.

NIFTY TECHNICAL

Current Spot: 5412.85
Pivot: 5414
5DEMA: 5389
10DEMA: 5355
20DEMA: 5307
50DEMA: 5214
RSI (14 days): 67.41
Parabolic SAR: 5329
Supports: 5394 - 5375 - 5355
Resistance: 5433 - 5452 - 5471

Nifty Future VIX Range: 5387 - 5476
Nifty Future VWAP: 5433.68
MP Values Nifty Future: VAH - 5443, POC - 5429, VAL - 5415

TARGET NIFTY
Buy Nifty Future above 5435 - 5450 - 5475 - 5500 SL - 5424
Sell Nifty Future below 5422 - 5410 - 5385 - 5360 SL - 5434

BANKNIFTY TECHNICAL

Current Spot: 10472.20
Pivot: 10469
5DEMA: 10455
10DEMA: 10445
20DEMA: 10425
50DEMA: 10264
RSI (14 days): 53.95
Parabolic SAR: 10354
Supports: 10405 - 10337 - 10273
Resistance: 10537 - 10601 - 10669

Bank Nifty Future VIX Range: 10401 - 10615
Bank Nifty Future VWAP: 10506.98
MP Values Bank Nifty Future: VAH - 10540, POC - 10503, VAL - 10466

TARGET BANKNIFTY
Buy BankNifty Future above 10515 - 10565 - 10635 - 10700 SL - 10490
Sell BankNifty Future below 10488 - 10445 - 10370 - 10305 SL - 10509

INTRADAY TRADE
Reliance Industries: Buy above 814 for targets of 816, 819, 824 SL 808
Reliance Industries: Sell below 806 for targets of 804, 801, 796 SL 811
Onelifecap: Buy above 602 for targets of 609, 620 SL 584
Vguard: Buy above 434 for targets of 439, 448 SL 427

SCORE SHEET
Hdfc: Buy above 735 for targets of 739, 748 SL 724: Call not Active
Techm: Buy above 872 for targets of 877, 887 SL 859: Target 877.00 done

POSITIONAL TRADE
JetAirways: Buy above 399 for target of 413 SL 390 (2-3 Days)
Jktyre: Buy above 122 for target of 132 SL 119 (1 Week)

Thanks and Regards

S&P Wealth Creators