Market outlook for 11/07/2013

Nifty closed down 42.30 points (0.72%) at 5816.70 while Nifty Future closed at 5822.05, premium of 5.35 points.
Bank Nifty closed down 78.00 points (0.68%) at 11364.45 while Future closed at 11388.40, premium of 23.95 points.

• FII bought in Cash (Net buy 75.46 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 716.91 Crore)
• DII bought in Cash (Net buy 28.78 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 491:676.
• McClellan's oscillator for NSE at +29

NIFTY TECHNICAL

Current Spot: 5816.70
Pivot: 5833
5DEMA: 5829
10DEMA: 5813
20DEMA: 5811
50DEMA: 5828
RSI (14 days): 50.02
Parabolic SAR: 5655
Supports: 5787 - 5756- 5710
Resistance: 5863 - 5909 - 5940

Nifty Future VIX Range: 5746 - 5884
Nifty Future VWAP: 5850.24
MP Values Nifty Future: VAH - 5860, POC - 5834, VAL - 5811

TARGET NIFTY
Buy Nifty Future above 5843 - 5860 - 5890 - 5925 SL – 5834
Sell Nifty Future below 5811 - 5795 - 5765 - 5730 SL - 5842

BANKNIFTY TECHNICAL

Current Spot: 11364.45
Pivot: 11408
5DEMA: 11392
10DEMA: 11425
20DEMA: 11567
50DEMA: 11825
RSI (14 days): 42.01
Parabolic SAR: 11730
Supports: 11274 - 11184 - 11050
Resistance: 11498 - 11631 - 11722

Bank Nifty Future VIX Range: 11182 - 11528
Bank Nifty Future VWAP: 11484.84
MP Values Bank Nifty Future: VAH - 11586, POC - 11518, VAL - 11431

TARGET BANKNIFTY
Buy BankNifty Future above 11450 - 11520 - 11605 - 11720 SL - 11426
Sell BankNifty Future below 11373 - 11305 - 11225 - 11110 SL - 11447

INTRADAY TRADE
Reliance: Buy above 863 for targets of 869, 880 SL 856
Reliance: Sell below 853 for targets of 847, 835 SL 860
Tatacoffee: Buy above 1085 for targets of 1095, 1115 SL 1065
Lupin: Buy above 864 for targets of 870, 881 SL 853

SCORE SHEET
YesBank: Buy above 480 for targets of 484, 491 SL 475: Target 484.40 done
Ktkbank: Buy above 115.5 for targets of 117, 120 SL 114: Call not active

POSITIONAL TRADE
Titan: Buy above 252 for target of 260 SL 247 (2-3 Days)
Kec: Buy above 35 for target of 39 SL 34.4 (1 Week)

Thanks and Regards

S&P Wealth Creators