Market outlook for 29/08/2012

Nifty closed down 15.65 points (0.29%) at 5334.60 while Nifty Future closed at 5346.05, premium of 11.45 points.
Bank Nifty closed down 91.00 points (0.90%) at 10059.40 while Future closed at 10090.45, premium of 31.05 points.

• FII bought in Cash (Net buy 93.09 Crore)
• FII sold in stock future, index option but bought index future (Net sell 890.39 Crore)
• DII sold in Cash (Net sell 314.39 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5400 and 5300.
• Advance Decline for the day was 352:1122.

NIFTY TECHNICAL

Current Spot: 5334.60
Pivot: 5335
5DEMA: 5364
10DEMA: 5361
20DEMA: 5327
50DEMA: 5246
RSI (14 days): 54.22
Parabolic SAR: 5446
Supports: 5312 - 5289 - 5265
Resistance: 5358 - 5382 - 5405

Nifty Future VIX Range: 5306 - 5387
Nifty Future VWAP: 5344.08
MP Values Nifty Future: VAH - 5358, POC - 5347, VAL - 5336

TARGET NIFTY
Buy Nifty Future above 5350 - 5365 - 5385 - 5410 SL - 5336
Sell Nifty Future below 5335 - 5325 - 5305 - 5285 SL - 5347

BANKNIFTY TECHNICAL

Current Spot: 10059.40
Pivot: 10078
5DEMA: 10238
10DEMA: 10319
20DEMA: 10362
50DEMA: 10292
RSI (14 days): 36.14
Parabolic SAR: 10606
Supports: 10004 - 9949 - 9876
Resistance: 10133 - 10206 - 10261

Bank Nifty Future VIX Range: 9984 - 10197
Bank Nifty Future VWAP: 10101.86
MP Values Bank Nifty Future: VAH - 10125, POC - 10095, VAL - 10065

TARGET BANKNIFTY
Buy BankNifty Future above 10110 - 10160 - 10230 - 10295 SL - 10089
Sell BankNifty Future below 10075 - 10035 - 9975 - 9895 SL - 10108

INTRADAY TRADE
Reliance Industries: Buy above 792 for targets of 795, 799, 805 SL 786
Reliance Industries: Sell below 784 for targets of 781, 777, 771 SL 790
Petronet: Buy above 154 for targets of 156, 158 SL 152
NMDC: Buy above 194 for targets of 196, 199 SL 191

SCORE SHEET
Onelifecap: Buy above 655 for targets of 662, 678 SL 635: Made high of 658
Ubl: Buy above 580 for targets of 586, 600 SL 575: Target 652.00 done

POSITIONAL TRADE
Sunpharma: Buy above 683 for target of 700 SL 675 (2-3 Days)
Gspl: Buy above 80.5 for target of 85 SL 78.5 (1 Week)

Thanks and Regards

S&P Wealth Creators