Thursday, July 18, 2013

Market outlook for 19/07/2013

Nifty closed up 64.75 points (1.08%) at 6038.05 while Nifty Future closed at 6052.40, premium of 14.35 points.
Bank Nifty closed up 216.10 points (1.97%) at 11187.70 while Future closed at 11206.25, premium of 18.55 points.
  • FII sold in Cash (Net sell 178.29 Crore)
  • FII bought in index future, stock future and index option (Net buy 728.30 Crore)
  • DII sold in Cash (Net sell 239.41 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 6000 and 5900.
  • Advance Decline for the day was 639:512.
  • McClellan's oscillator for NSE at +25.
NIFTY TECHNICAL
Current Spot: 6038.05
Pivot: 6021
5DEMA: 5986
10DEMA: 5941
20DEMA: 5894
50DEMA: 5879
RSI (14 days): 60.56
Parabolic SAR: 5805
Supports: 5991 - 5945- 5915
Resistance: 6068 - 6098 - 6144
Nifty Future VIX Range: 5989 - 6132
Nifty Future VWAP: 6014.07
MP Values Nifty Future: VAH - 6038, POC - 5997, VAL - 5982

TARGET NIFTY
Buy Nifty Future above 6057 - 6075 - 6105 - 6145 SL - 6029
Sell Nifty Future below 6023 - 6005 - 5975 - 5935 SL - 6038

BANKNIFTY TECHNICAL
Current Spot: 11187.70
Pivot: 11087
5DEMA: 11279
10DEMA: 11366
20DEMA: 11485
50DEMA: 11819
RSI (14 days): 41.59
Parabolic SAR: 11792
Supports: 10938 - 10688 - 10539
Resistance: 11337 - 11487 - 11736
Bank Nifty Future VIX Range: 10992 - 11428
Bank Nifty Future VWAP: 11018.53
MP Values Bank Nifty Future: VAH - 11137, POC - 11012, VAL - 10887

TARGET BANKNIFTY
Buy BankNifty Future above 11216 - 11300 - 11420 - 11550 SL - 11135
Sell BankNifty Future below 11085 - 11000 - 10880 - 10750 SL - 11139

INTRADAY TRADE
Reliance: Buy above 920 for targets of 924, 932 SL 913
Reliance: Sell below 911 for targets of 907, 900 SL 918
RelInfra: Buy above 386 for targets of 390, 400 SL 379
Unionbank: Buy above 164 for targets of 166, 170 SL 160

SCORE SHEET
Dabur: Buy above 166.5 for targets of 168, 172 SL 164: Target 172.80 done
Ambujacem: Buy above 207 for targets of 209, 212 SL 204: Target 212.50 done

POSITIONAL TRADE
Dabur: Buy above 171.5 for target of 176 SL 170 (2-3 Days)
Ceatltd: Buy above 115 for target of 120 SL 112.5 (1 Week)

Thanks and Regards

S&P Wealth Creators

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