Market outlook for 28/08/2012

Nifty closed down 36.45 points (0.68%) at 5350.25 while Nifty Future closed at 5362.40, premium of 12.15 points.
Bank Nifty closed down 182.45 points (1.77%) at 10150.40 while Future closed at 10177.45, premium of 27.05 points.

• FII bought in Cash (Net buy 200.39 Crore)
• FII sold in stock future, index option but bought index future (Net sell 553.76 Crore)
• DII sold in Cash (Net sell 500.72 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5400 and 5300.
• Advance Decline for the day was 445:1037.

NIFTY TECHNICAL

Current Spot: 5350.25
Pivot: 5365
5DEMA: 5379
10DEMA: 5366
20DEMA: 5326
50DEMA: 5242
RSI (14 days): 56.55
Parabolic SAR: 5449
Supports: 5332 - 5313 - 5279
Resistance: 5384 - 5418 - 5437

Nifty Future VIX Range: 5321 - 5404
Nifty Future VWAP: 5377.92
MP Values Nifty Future: VAH - 5395, POC - 5381, VAL - 5367

TARGET NIFTY
Buy Nifty Future above 5380 - 5391 - 5420 - 5440 SL - 5369
Sell Nifty Future below 5354 - 5345 - 5330 - 5300 SL - 5378

BANKNIFTY TECHNICAL

Current Spot: 10150.40
Pivot: 10208
5DEMA: 10327
10DEMA: 10376
20DEMA: 10394
50DEMA: 10302
RSI (14 days): 39.20
Parabolic SAR: 10631
Supports: 10077 - 10004 - 9873
Resistance: 10281 - 10412 - 10485

Bank Nifty Future VIX Range: 10069 - 10286
Bank Nifty Future VWAP: 10247.45
MP Values Bank Nifty Future: VAH - 10294, POC - 10237, VAL - 10180

TARGET BANKNIFTY
Buy BankNifty Future above 10244 - 10300 - 10440 - 10515 SL - 10212
Sell BankNifty Future below 10162 - 10110 - 10035 - 9910 SL - 10242

INTRADAY TRADE
Reliance Industries: Buy above 793 for targets of 795, 798, 805 SL 787
Reliance Industries: Sell below 783 for targets of 781, 778, 771 SL 791
Onelifecap: Buy above 655 for targets of 662, 678 SL 635
Ubl: Buy above 580 for targets of 586, 600 SL 575

SCORE SHEET
CoalIndia: Buy above 368 for targets of 372, 378 SL 365: Call not Active
Jyothylab: Buy above 161 for targets of 164, 170 SL 157: Target 164.90 done

POSITIONAL TRADE
Appaper: Buy above 333 for target of 345 SL 328 (2-3 Days)
Mrpl: Buy above 65 for target of 70 SL 63.5 (1 Week)

Thanks and Regards

S&P Wealth Creators