Market outlook for 16/07/2013

Nifty closed up 21.80 points (0.36%) at 6030.80 while Nifty Future closed at 6032.60, premium of 1.80 points.
Bank Nifty closed up 67.45 points (0.58%) at 11790.25 while Future closed at 11819.85, premium of 29.60 points.

• FII sold in Cash (Net sell 227.25 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 254.03 Crore)
• DII bought in Cash (Net buy 227.25 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 720:459.
• McClellan's oscillator for NSE at +50

NIFTY TECHNICAL

Current Spot: 6030.80
Pivot: 6017
5DEMA: 5952
10DEMA: 5896
20DEMA: 5859
50DEMA: 5847
RSI (14 days): 61.87
Parabolic SAR: 5716
Supports: 5995 - 5959- 5938
Resistance: 6052 - 6074 - 6110

Nifty Future VIX Range: 5959 - 6105
Nifty Future VWAP: 6015.52
MP Values Nifty Future: VAH - 6043, POC - 6027, VAL - 6005

TARGET NIFTY
Buy Nifty Future above 6043 - 6060 - 6085 - 6115 SL - 6027
Sell Nifty Future below 6019 - 6005 - 5980 - 5950 SL - 6033

BANKNIFTY TECHNICAL

Current Spot: 11790.25
Pivot: 11741
5DEMA: 11637
10DEMA: 11564
20DEMA: 11609
50DEMA: 11844
RSI (14 days): 53.44
Parabolic SAR: 11189
Supports: 11671 - 11551 - 11481
Resistance: 11861 - 11931 - 12051

Bank Nifty Future VIX Range: 11653 - 12011
Bank Nifty Future VWAP: 11746.23
MP Values Bank Nifty Future: VAH - 11839, POC - 11794, VAL - 11725

TARGET BANKNIFTY
Buy BankNifty Future above 11840 - 11905 - 11995 - 12100 SL - 11793
Sell BankNifty Future below 11765 - 11700 - 11610 - 11505 SL - 11806

INTRADAY TRADE
Reliance: Buy above 899 for targets of 905, 914 SL 892
Reliance: Sell below 890 for targets of 884, 877 SL 896
Pnb: Buy above 665 for targets of 671, 681 SL 657
Godrejcp: Buy above 873 for targets of 881, 893 SL 859

SCORE SHEET
Techm: Buy above 1125 for targets of 1135, 1155 SL 1107: Target 1132.25 done
Pfc: Buy above 150.2 for targets of 151, 152.5 SL 148.5: Call not active

POSITIONAL TRADE
TataGlobal: Buy above 155 for target of 160 SL 152 (2-3 Days)
Cesc: Buy above 360 for target of 372 SL 352 (1 Week)

Thanks and Regards

S&P Wealth Creators