Market outlook for 12/07/2013

Nifty closed up 118.40 points (2.04%) at 5935.10 while Nifty Future closed at 5941.35, premium of 6.25 points.
Bank Nifty closed up 290.85 points (2.56%) at 11655.30 while Future closed at 11673.90, premium of 18.60 points.

• FII bought in Cash (Net buy 638.26 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 2728.73 Crore)
• DII sold in Cash (Net sell 234.61 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 767:400.
• McClellan's oscillator for NSE at +46

NIFTY TECHNICAL

Current Spot: 5935.10
Pivot: 5924
5DEMA: 5864
10DEMA: 5835
20DEMA: 5823
50DEMA: 5835
RSI (14 days): 57.00
Parabolic SAR: 5667
Supports: 5899 - 5863- 5838
Resistance: 5960 - 5985 - 6021

Nifty Future VIX Range: 5863 - 6013
Nifty Future VWAP: 5939.32
MP Values Nifty Future: VAH - 5954, POC - 5939, VAL - 5924

TARGET NIFTY
Buy Nifty Future above 5954 - 5970 - 6000 - 6035 SL - 5938
Sell Nifty Future below 5924 - 5908 - 5880 - 5845 SL - 5940

BANKNIFTY TECHNICAL

Current Spot: 11655.30
Pivot: 11636
5DEMA: 11480
10DEMA: 11467
20DEMA: 11576
50DEMA: 11833
RSI (14 days): 50.09
Parabolic SAR: 11719
Supports: 11561 - 11467 - 11393
Resistance: 11730 - 11804 - 11898

Bank Nifty Future VIX Range: 11476 - 11848
Bank Nifty Future VWAP: 11678.82
MP Values Bank Nifty Future: VAH - 11707, POC - 11669, VAL - 11631

TARGET BANKNIFTY
Buy BankNifty Future above 11707 - 11765 - 11855 - 11960 SL - 11665
Sell BankNifty Future below 11630 - 11570 - 11480 - 11370 SL - 11671

INTRADAY TRADE
Reliance: Buy above 872 for targets of 877, 887 SL 865
Reliance: Sell below 863 for targets of 858, 848 SL 870
Hdfcbank: Buy above 685 for targets of 690, 698 SL 677
Dlf: Buy above 179 for targets of 180, 182 SL 177.5

SCORE SHEET
Tatacoffee: Buy above 1085 for targets of 1095, 1115 SL 1065: Target 1109.00 done
Lupin: Buy above 864 for targets of 870, 881 SL 853: Target 875.00 done

POSITIONAL TRADE
Eidparry: Buy above 149 for target of 155 SL 147 (2-3 Days)
Bgrenergy: Buy above 125.5 for target of 131 SL 123 (1 Week)

Thanks and Regards

S&P Wealth Creators