Monday, July 22, 2013

Market outlook for 23/07/2013

Nifty closed up 2.60 points (0.04%) at 6031.80 while Nifty Future closed at 6043.55, premium of 11.75 points.
Bank Nifty closed up 113.05 points (1.03%) at 11086.95 while Future closed at 11099.55, premium of 12.60 points.
  • FII sold in Cash (Net sell 406.02 Crore)
  • FII sold in stock future, index option but bought in index future (Net sell 187.74 Crore)
  • DII bought in Cash (Net buy 299.85 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 6000 and 5900.
  • Advance Decline for the day was 503:677.
  • McClellan's oscillator for NSE at +8.
NIFTY TECHNICAL
Current Spot: 6031.80
Pivot: 6033
5DEMA: 6011
10DEMA: 5971
20DEMA: 5918
50DEMA: 5895
RSI (14 days): 59.95
Parabolic SAR: 5869
Supports: 6003 - 5974- 5943
Resistance: 6063 - 6093 - 6122
Nifty Future VIX Range: 5972 - 6105
Nifty Future VWAP: 6050.49
MP Values Nifty Future: VAH - 6061, POC - 6048, VAL - 6035

TARGET NIFTY
Buy Nifty Future above 6048 - 6061 - 6085 - 6110 SL - 6035
Sell Nifty Future below 6031 - 6017 - 5995 - 5970 SL - 6048

BANKNIFTY TECHNICAL
Current Spot: 11086.95
Pivot: 11056
5DEMA: 11147
10DEMA: 11257
20DEMA: 11404
50DEMA: 11780
RSI (14 days): 40.77
Parabolic SAR: 11754
Supports: 10980 - 10872 - 10796
Resistance: 11163 - 11240 - 11347
Bank Nifty Future VIX Range: 10879 - 11299
Bank Nifty Future VWAP: 11090.06
MP Values Bank Nifty Future: VAH - 11124, POC - 11087, VAL - 11050

TARGET BANKNIFTY
Buy BankNifty Future above 11124 - 11180 - 11270 - 11370 SL - 11087
Sell BankNifty Future below 11073 - 11015 - 10950 - 10870 SL - 11005

INTRADAY TRADE
Reliance: Buy above 911 for targets of 915, 922 SL 905
Reliance: Sell below 903 for targets of 899, 892 SL 910
CenturyTex: Buy above 262 for targets of 265, 270 SL 257
Pnb: Buy above 648 for targets of 652, 660 SL 640

SCORE SHEET
Gail: Buy above 335 for targets of 338, 342 SL 330: Call not active
Mindtree: Buy above 954 for targets of 962, 980 SL 945: Target 960 done

POSITIONAL TRADE
Abirlanuvo: Buy above 1205 for target of 1245 SL 1184 (2-3 Days)
CoalIndia: Buy above 301 for target of 313 SL 294 (1 Week)

Thanks and Regards

S&P Wealth Creators

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