Wednesday, July 24, 2013

Market outlook for 25/07/2013

Nifty closed down 87.30 points (1.44%) at 5990.50 while Nifty Future closed at 6002.70, premium of 12.20 points.
Bank Nifty closed down 519.55 points (4.62%) at 10720.15 while Future closed at 10734.55, premium of 14.40 points.
  • FII sold in Cash (Net sell 404.50 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 1019.50 Crore)
  • DII sold in Cash (Net sell 328.80 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 6000 and 5900.
  • Advance Decline for the day was 235:951.
  • McClellan's oscillator for NSE at -15.
NIFTY TECHNICAL
Current Spot: 5990.50
Pivot: 6000
5DEMA: 6019
10DEMA: 5990
20DEMA: 5939
50DEMA: 5912
RSI (14 days): 55.06
Parabolic SAR: 5931
Supports: 5953 - 5915- 5868
Resistance: 6038 - 6085 - 6122
Nifty Future VIX Range: 5938 - 6071
Nifty Future VWAP: 6008.84
MP Values Nifty Future: VAH - 6028, POC - 6004, VAL - 5980

TARGET NIFTY
Buy Nifty Future above 6015 - 6035 - 6060 - 6095 SL - 6003
Sell Nifty Future below 5994 - 5975 - 5950 - 5915 SL - 6014

BANKNIFTY TECHNICAL
Current Spot: 11720.15
Pivot: 10800
5DEMA: 11025
10DEMA: 11157
20DEMA: 11325
50DEMA: 11729
RSI (14 days): 36.07
Parabolic SAR: 11714
Supports: 10582 - 10443 - 10225
Resistance: 10938 - 11157 - 11295
Bank Nifty Future VIX Range: 10493 - 10953
Bank Nifty Future VWAP: 10793.39
MP Values Bank Nifty Future: VAH - 10895, POC - 10748, VAL - 10677

TARGET BANKNIFTY
Buy BankNifty Future above 10818 - 10905 - 11020 - 11150 SL - 10748
Sell BankNifty Future below 10718 - 10640 - 10510 - 10370 SL - 10815

INTRADAY TRADE
Reliance: Buy above 912 for targets of 917, 930 SL 905
Reliance: Sell below 903 for targets of 898, 887 SL 910
Dabur: Buy above 176 for targets of 178, 181 SL 173
Idea: Buy above 154.5 for targets of 155.5, 158 SL 152

SCORE SHEET
Yesbank: Buy above 441 for targets of 444, 450 SL 436: Call not active
Hindunilvr: Buy above 722 for targets of 726, 736 SL 711: SL Hit

POSITIONAL TRADE
Techm: Buy above 1212 for target of 1250 SL 1197 (2-3 Days)
Hexaware: Buy above 118 for target of 125 SL 115 (1 Week)

Thanks and Regards

S&P Wealth Creators

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