Market outlook for 22/07/2013

Nifty closed down 8.85 points (0.15%) at 6029.20 while Nifty Future closed at 6042.55, premium of 13.35 points.
Bank Nifty closed down 213.80 points (1.91%) at 10973.90 while Future closed at 10997.60, premium of 23.70 points.

• FII bought in Cash (Net buy 252.26 Crore)
• FII sold in stock future, index option but bought in index future (Net sell 605.25 Crore)
• DII sold in Cash (Net sell 229.10 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 432:746.
• McClellan's oscillator for NSE at +13.

NIFTY TECHNICAL

Current Spot: 6029.20
Pivot: 6039
5DEMA: 6000
10DEMA: 5957
20DEMA: 5907
50DEMA: 5889
RSI (14 days): 59.80
Parabolic SAR: 5836
Supports: 6011 - 5992- 5964
Resistance: 6057 - 6085 - 6104

Nifty Future VIX Range: 5967 - 6105
Nifty Future VWAP: 6052.28
MP Values Nifty Future: VAH - 6065, POC - 6055, VAL - 6045

TARGET NIFTY
Buy Nifty Future above 6056 - 6065 - 6085 - 6110 SL - 6044
Sell Nifty Future below 6033 - 6025 - 6005 - 5980 SL - 6055

BANKNIFTY TECHNICAL

Current Spot: 10973.90
Pivot: 11049
5DEMA: 11177
10DEMA: 11295
20DEMA: 11437
50DEMA: 11808
RSI (14 days): 37.88
Parabolic SAR: 11773
Supports: 10859 - 10745 - 10556
Resistance: 11163 - 11352 - 11467

Bank Nifty Future VIX Range: 10784 - 11210
Bank Nifty Future VWAP: 11058.77
MP Values Bank Nifty Future: VAH - 11121, POC - 11016, VAL - 10952

TARGET BANKNIFTY
Buy BankNifty Future above 11078 - 11170 - 11280 - 11400 SL - 11015
Sell BankNifty Future below 10979 - 10885 - 10775 - 10655 SL - 11075

INTRADAY TRADE
Reliance: Buy above 926 for targets of 931, 940 SL 919
Reliance: Sell below 917 for targets of 912, 903 SL 924
Gail: Buy above 335 for targets of 338, 342 SL 330
Mindtree: Buy above 954 for targets of 962, 980 SL 945

SCORE SHEET
RelInfra: Buy above 386 for targets of 390, 400 SL 379: Target 395.90 done
Unionbank: Buy above 164 for targets of 166, 170 SL 160: SL Hit

POSITIONAL TRADE
Fincables: Buy above 65 for target of 68 SL 63.5 (2-3 Days)
Renuka: Buy above 20 for target of 22 SL 19.5 (1 Week)

Thanks and Regards

S&P Wealth Creators