Market outlook for 09/07/2013

Nifty closed down 56.35 points (0.96%) at 5811.55 while Nifty Future closed at 5829.25, premium of 17.70 points.
Bank Nifty closed down 151.00 points (1.32%) at 11283.30 while Future closed at 11336.45, premium of 53.15 points.

• FII sold in Cash (Net sell 204.46 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 1134.68 Crore)
• DII sold in Cash (Net sell 59.11 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 470:710.
• McClellan's oscillator for NSE at +17

NIFTY TECHNICAL

Current Spot: 5811.55
Pivot: 5807
5DEMA: 5822
10DEMA: 5801
20DEMA: 5805
50DEMA: 5826
RSI (14 days): 49.82
Parabolic SAR: 5634
Supports: 5780 - 5749- 5722
Resistance: 5838 - 5865 - 5897

Nifty Future VIX Range: 5762 - 5906
Nifty Future VWAP: 5806.24
MP Values Nifty Future: VAH - 5818, POC - 5790, VAL - 5776

TARGET NIFTY
Buy Nifty Future above 5834 - 5850 - 5875 - 5910 SL – 5812
Sell Nifty Future below 5806 - 5790 - 5765 - 5730 SL - 5819

BANKNIFTY TECHNICAL

Current Spot: 11283.30
Pivot: 11263
5DEMA: 11388
10DEMA: 11438
20DEMA: 11603
50DEMA: 11851
RSI (14 days): 38.78
Parabolic SAR: 11793
Supports: 11197 - 11111 - 11046
Resistance: 11349 - 11414 - 11500

Bank Nifty Future VIX Range: 11170 - 11528
Bank Nifty Future VWAP: 11284.92
MP Values Bank Nifty Future: VAH - 11317, POC - 11265, VAL - 11213

TARGET BANKNIFTY
Buy BankNifty Future above 11345 - 11420 - 11500 - 11600 SL - 11309
Sell BankNifty Future below 11297 - 11235 - 11155 - 11055 SL - 11323

INTRADAY TRADE
Reliance: Buy above 869 for targets of 875, 886 SL 864
Reliance: Sell below 862 for targets of 857, 847 SL 868
Havells: Buy above 755 for targets of 762, 774 SL 744
Bhel: Buy above 184 for targets of 186, 189 SL 181

SCORE SHEET
Hdfcbank: Buy above 669 for targets of 673, 679 SL 665: Call not active
Bhel: Buy above 180 for targets of 182, 184 SL 177: Target 184.00 done

POSITIONAL TRADE
Indusindbk: Buy above 495 for target of 512 SL 484 (2-3 Days)
Stcindia: Buy above 104 for target of 120 SL 99 (1 Week)

Thanks and Regards

S&P Wealth Creators