Tuesday, July 23, 2013

Market outlook for 24/07/2013

Nifty closed up 46.00 points (0.76%) at 6077.80 while Nifty Future closed at 6087.00, premium of 9.20 points.
Bank Nifty closed up 152.75 points (1.38%) at 11239.70 while Future closed at 11250.80, premium of 11.10 points.
  • FII bought in Cash (Net buy 211.36 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 1413.50 Crore)
  • DII bought in Cash (Net buy 60.86 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 6100 and 6000.
  • Advance Decline for the day was 593:566.
  • McClellan's oscillator for NSE at +13.
NIFTY TECHNICAL
Current Spot: 6077.80
Pivot: 6077
5DEMA: 6033
10DEMA: 5990
20DEMA: 5934
50DEMA: 5902
RSI (14 days): 62.58
Parabolic SAR: 5900
Supports: 6062 - 6045- 6030
Resistance: 6094 - 6110 - 6126
Nifty Future VIX Range: 6020 - 6152
Nifty Future VWAP: 6090.83
MP Values Nifty Future: VAH - 6100, POC - 6092, VAL - 6084

TARGET NIFTY
Buy Nifty Future above 6093 - 6105 - 6125 - 6150 SL - 6083
Sell Nifty Future below 6079 - 6070 - 6050 - 6030 SL - 6092

BANKNIFTY TECHNICAL
Current Spot: 11239.70
Pivot: 11240
5DEMA: 11178
10DEMA: 11254
20DEMA: 11388
50DEMA: 11756
RSI (14 days): 44.54
Parabolic SAR: 11736
Supports: 11195 - 11149 - 11104
Resistance: 12285 - 11331 - 11376
Bank Nifty Future VIX Range: 11025 - 11444
Bank Nifty Future VWAP: 11262.38
MP Values Bank Nifty Future: VAH - 11304, POC - 11275, VAL - 11246

TARGET BANKNIFTY
Buy BankNifty Future above 11259 - 11305 - 11370 - 11435 SL - 11241
Sell BankNifty Future below 11230 - 11190 - 11125 - 11065 SL - 11252

INTRADAY TRADE
Reliance: Buy above 918 for targets of 924, 935 SL 912
Reliance: Sell below 907 for targets of 901, 892 SL 916
Yesbank: Buy above 441 for targets of 444, 450 SL 436
Hindunilvr: Buy above 722 for targets of 726, 736 SL 711

SCORE SHEET
CenturyTex: Buy above 262 for targets of 265, 270 SL 257: Target 270.85 done
Pnb: Buy above 648 for targets of 652, 660 SL 640: Target 668.00 done

POSITIONAL TRADE
Titan: Buy above 278 for target of 289 SL 268 (2-3 Days)
Idfc: Buy above 129 for target of 134 SL 127 (1 Week)

Thanks and Regards

S&P Wealth Creators

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