Market outlook for 10/07/2013

Nifty closed up 47.45 points (0.82%) at 5859.00 while Nifty Future closed at 5868.35, premium of 9.35 points.
Bank Nifty closed up 159.15 points (1.41%) at 11442.45 while Future closed at 11482.50, premium of 40.05 points.

• FII bought in Cash (Net buy 165.60 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 564.46 Crore)
• DII bought in Cash (Net buy 37.83 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 759:402.
• McClellan's oscillator for NSE at +36

NIFTY TECHNICAL

Current Spot: 5859.00
Pivot: 5853
5DEMA: 5834
10DEMA: 5812
20DEMA: 5810
50DEMA: 5823
RSI (14 days): 52.92
Parabolic SAR: 5645
Supports: 5841 - 5823- 5810
Resistance: 5871 - 5883 - 5901

Nifty Future VIX Range: 5792 - 5934
Nifty Future VWAP: 5862.67
MP Values Nifty Future: VAH - 5873, POC - 5865, VAL - 5857

TARGET NIFTY
Buy Nifty Future above 5873 - 5890 - 5910 - 5940 SL – 5864
Sell Nifty Future below 5857 - 5840 - 5820 - 5790 SL - 5866

BANKNIFTY TECHNICAL

Current Spot: 11442.45
Pivot: 11418
5DEMA: 11406
10DEMA: 11439
20DEMA: 11588
50DEMA: 11829
RSI (14 days): 43.84
Parabolic SAR: 11741
Supports: 11378 - 11313 - 11272
Resistance: 11483 - 11523 - 11588

Bank Nifty Future VIX Range: 11320 - 11678
Bank Nifty Future VWAP: 11455.70
MP Values Bank Nifty Future: VAH - 11481, POC - 11457, VAL - 11433

TARGET BANKNIFTY
Buy BankNifty Future above 11491 - 11520 - 11560 - 11620 SL - 11452
Sell BankNifty Future below 11433 - 11405 - 11365 - 11310 SL - 11481

INTRADAY TRADE
Reliance: Buy above 877 for targets of 883, 894 SL 871
Reliance: Sell below 870 for targets of 865, 855 SL 877
YesBank: Buy above 480 for targets of 484, 491 SL 475
Ktkbank: Buy above 115.5 for targets of 117, 120 SL 114

SCORE SHEET
Havells: Buy above 755 for targets of 762, 774 SL 744: Target 794.70 done
Bhel: Buy above 184 for targets of 186, 189 SL 181: Target 188.60 done

POSITIONAL TRADE
JustDial: Buy above 730 for target of 780 SL 719 (2-3 Days)
Rpower: Buy above 76 for target of 81 SL 74.5 (1 Week)

Thanks and Regards

S&P Wealth Creators