Market outlook for 01/08/2013

Nifty closed down 13.05 points (0.23%) at 5742.00 while Nifty Future closed at 5781.05, premium of 39.05 points.
Bank Nifty closed down 193.80 points (1.90%) at 10015.75 while Future closed at 10115.90, premium of 100.15 points.

• FII bought in Cash (Net buy 142.87 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 304.41 Crore)
• DII sold in Cash (Net sell 128.02 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 401:781.
• McClellan's oscillator for NSE at -67.

NIFTY TECHNICAL

Current Spot: 5742.00
Pivot: 5723
5DEMA: 5820
10DEMA: 5874
20DEMA: 5891
50DEMA: 5901
RSI (14 days): 38.93
Parabolic SAR: 6028
Supports: 5694 - 5647- 5618
Resistance: 5771 - 5800 - 5847

Nifty Future VIX Range: 5714 - 5839
Nifty Future VWAP: 5753.95
MP Values Nifty Future: VAH - 5769, POC - 5745, VAL - 5721

TARGET NIFTY
Buy Nifty Future above 5785 - 5800 - 5825 - 5855 SL - 5760
Sell Nifty Future below 5754 - 5740 - 5715 - 5680 SL - 5770

BANKNIFTY TECHNICAL

Current Spot: 10015.75
Pivot: 10014
5DEMA: 10322
10DEMA: 10595
20DEMA: 10921
50DEMA: 11473
RSI (14 days): 27.30
Parabolic SAR: 11179
Supports: 9864 - 9713 - 9563
Resistance: 10166 - 10316 - 10468

Bank Nifty Future VIX Range: 9872 - 10268
Bank Nifty Future VWAP: 10062.07
MP Values Bank Nifty Future: VAH - 10118, POC - 10064, VAL - 10010

TARGET BANKNIFTY
Buy BankNifty Future above 10126 - 10205 - 10300 - 10445 SL - 10064
Sell BankNifty Future below 10063 - 9980 - 9885 - 9740 SL - 10123

INTRADAY TRADE
Reliance: Buy above 874 for targets of 880, 896 SL 863
Reliance: Sell below 860 for targets of 854, 840 SL 868
Lupin: Buy above 874 for targets of 882, 897 SL 861
Idea: Buy above 170 for targets of 172, 177 SL 166

SCORE SHEET
TataGlobal: Buy above 160.5 for targets of 162, 166 SL 158.5: Call not active
Infratel: Buy above 150.5 for targets of 152, 154 SL 148: Target 154.00 done

POSITIONAL TRADE
VMart: Buy above 177 for target of 185 SL 171 (2-3 Days)
Punjlloyd: Buy above 26.3 for target of 29 SL 25.2 (1 Week)

Thanks and Regards

S&P Wealth Creators