Market outlook for 15/07/2013

Nifty closed up 73.90 points (1.25%) at 6009.00 while Nifty Future closed at 6007.25, discount of 1.75 points.
Bank Nifty closed up 67.50 points (0.58%) at 11722.80 while Future closed at 11740.90, premium of 18.10 points.

• FII bought in Cash (Net buy 644.82 Crore)
• FII bought in index future, index option and in stock future (Net buy 915.32 Crore)
• DII sold in Cash (Net sell 144.97 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 520:652.
• McClellan's oscillator for NSE at +39

NIFTY TECHNICAL

Current Spot: 6009.00
Pivot: 5993
5DEMA: 5912
10DEMA: 5867
20DEMA: 5841
50DEMA: 5840
RSI (14 days): 60.83
Parabolic SAR: 5688
Supports: 5967 - 5925- 5899
Resistance: 6035 - 6061 - 6103

Nifty Future VIX Range: 5943 - 6093
Nifty Future VWAP: 5978.13
MP Values Nifty Future: VAH - 5990, POC - 5964, VAL - 5952

TARGET NIFTY
Buy Nifty Future above 6012 - 6030 - 6055 - 6095 SL - 5990
Sell Nifty Future below 5984 - 5965 - 5940 - 5900 SL - 6009

BANKNIFTY TECHNICAL

Current Spot: 11722.80
Pivot: 11685
5DEMA: 11561
10DEMA: 11514
20DEMA: 11590
50DEMA: 11846
RSI (14 days): 51.75
Parabolic SAR: 11177
Supports: 11627 - 11531 - 11473
Resistance: 11781 - 11839 - 11935

Bank Nifty Future VIX Range: 11577 - 11943
Bank Nifty Future VWAP: 11679.42
MP Values Bank Nifty Future: VAH - 11708, POC - 11639, VAL - 11603

TARGET BANKNIFTY
Buy BankNifty Future above 11750 - 11845 - 11955 - 12070 SL - 11708
Sell BankNifty Future below 11705 - 11620 - 11510 - 11400 SL - 11743

INTRADAY TRADE
Reliance: Buy above 892 for targets of 899, 909 SL 883
Reliance: Sell below 881 for targets of 874, 864 SL 887
Techm: Buy above 1125 for targets of 1135, 1155 SL 1107
Pfc: Buy above 150.2 for targets of 151, 152.5 SL 148.5

SCORE SHEET
Hdfcbank: Buy above 685 for targets of 690, 698 SL 677: Target 697.70 done
Dlf: Buy above 179 for targets of 180, 182 SL 177.5: Target 180.20 done

POSITIONAL TRADE
Dabur: Buy above 159 for target of 164 SL 157 (2-3 Days)
Idea: Buy above 146.5 for target of 152 SL 144 (1 Week)

Thanks and Regards

S&P Wealth Creators