Market outlook for 18/07/2013

Nifty closed up 18.05 points (0.30%) at 5973.30 while Nifty Future closed at 5970.85, discount of 2.45 points.
Bank Nifty closed down 254.55 points (2.27%) at 10971.60 while Future closed at 10978.80, premium of 7.20 points.

• FII sold in Cash (Net sell 26.09 Crore)
• FII bought in index future, stock future and index option (Net buy 615.87 Crore)
• DII sold in Cash (Net sell 73.86 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 457:722.
• McClellan's oscillator for NSE at +17

NIFTY TECHNICAL

Current Spot: 5973.30
Pivot: 5963
5DEMA: 5960
10DEMA: 5919
20DEMA: 5878
50DEMA: 5865
RSI (14 days): 57.20
Parabolic SAR: 5777
Supports: 5937 - 5900- 5874
Resistance: 6000 - 6026 - 6063

Nifty Future VIX Range: 5899 - 6039
Nifty Future VWAP: 5970.66
MP Values Nifty Future: VAH - 5998, POC - 5984, VAL - 5954

TARGET NIFTY
Buy Nifty Future above 5984 - 6005 - 6030 - 6070 SL - 5965
Sell Nifty Future below 5954 - 5936 - 5910 - 5880 SL - 5969

BANKNIFTY TECHNICAL

Current Spot: 10971.60
Pivot: 11022
5DEMA: 11324
10DEMA: 11406
20DEMA: 11516
50DEMA: 11820
RSI (14 days): 36.15
Parabolic SAR: 11812
Supports: 10780 - 10588 - 10345
Resistance: 11214 - 11456 - 11648

Bank Nifty Future VIX Range: 10782 - 11208
Bank Nifty Future VWAP: 11036.66
MP Values Bank Nifty Future: VAH - 11223, POC - 11078, VAL - 10933

TARGET BANKNIFTY
Buy BankNifty Future above 11047 - 11150 - 11270 - 11400 SL - 11006
Sell BankNifty Future below 10962 - 10865 - 10750 - 10610 SL - 11045

INTRADAY TRADE
Reliance: Buy above 917 for targets of 923, 934 SL 910
Reliance: Sell below 907 for targets of 902, 893 SL 914
Dabur: Buy above 166.5 for targets of 168, 172 SL 164
Ambujacem: Buy above 207 for targets of 209, 212 SL 204

SCORE SHEET
Bhartiartl: Buy above 323 for targets of 326, 331 SL 317: Target 327.45 done
Itc: Buy above 361 for targets of 364, 370 SL 356: Target 370.40 done

POSITIONAL TRADE
Finolex: Buy above 62 for target of 66 SL 60.5 (2-3 Days)
Arvindrem: Buy above 35.4 for target of 38 SL 35 (1 Week)

Thanks and Regards

S&P Wealth Creators