Market outlook for 17/07/2013

Nifty closed down 75.55 points (1.25%) at 5955.25 while Nifty Future closed at 5969.70, premium of 14.45 points.
Bank Nifty closed down 564.10 points (4.78%) at 11226.15 while Future closed at 11255.85, premium of 29.70 points.

• FII sold in Cash (Net sell 357.40 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 810.46 Crore)
• DII sold in Cash (Net sell 210.55 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 341:825.
• McClellan's oscillator for NSE at +27

NIFTY TECHNICAL

Current Spot: 5955.25
Pivot: 5944
5DEMA: 5953
10DEMA: 5907
20DEMA: 5868
50DEMA: 5861
RSI (14 days): 56.17
Parabolic SAR: 5748
Supports: 5922 - 5889- 5867
Resistance: 5977 - 5999 - 6032

Nifty Future VIX Range: 5906 - 6052
Nifty Future VWAP: 5949.96
MP Values Nifty Future: VAH - 5967, POC - 5950, VAL - 5933

TARGET NIFTY
Buy Nifty Future above 5974 - 5995 - 6025 - 6070 SL - 5945
Sell Nifty Future below 5939 - 5920 - 5890 - 5845 SL - 5952

BANKNIFTY TECHNICAL

Current Spot: 11226.15
Pivot: 11298
5DEMA: 11500
10DEMA: 11503
20DEMA: 11573
50DEMA: 11846
RSI (14 days): 40.42
Parabolic SAR: 11210
Supports: 11137 - 11049 - 10888
Resistance: 11387 - 11548 - 11637

Bank Nifty Future VIX Range: 11040 - 11467
Bank Nifty Future VWAP: 11292.95
MP Values Bank Nifty Future: VAH - 11400, POC - 11289, VAL - 11231

TARGET BANKNIFTY
Buy BankNifty Future above 11360 - 11460 - 11570 - 11700 SL - 11289
Sell BankNifty Future below 11231 - 11130 - 11020 - 10900 SL - 11358

INTRADAY TRADE
Reliance: Buy above 903 for targets of 907, 915 SL 894
Reliance: Sell below 892 for targets of 887, 879 SL 898
Bhartiartl: Buy above 323 for targets of 326, 331 SL 317
Itc: Buy above 361 for targets of 364, 370 SL 356

SCORE SHEET
Pnb: Buy above 665 for targets of 671, 681 SL 657: Call not active
Godrejcp: Buy above 873 for targets of 881, 893 SL 859: Target 896.00 done

POSITIONAL TRADE
Idea: Buy above 158.5 for target of 164 SL 155.5 (2-3 Days)
Hexaware: Buy above 102.5 for target of 110 SL 100 (1 Week)

Thanks and Regards

S&P Wealth Creators