Market outlook for 28/08/2013

Nifty closed down 189.05 points (3.45%) at 5287.45 while Nifty Future closed at 5284.80, discount of 2.65 points.
Bank Nifty closed down 503.05 points (5.37%) at 8870.50 while Future closed at 8864.50, a discount of 6.00 points.

• FII sold in Cash (Net sell 1373.99 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 285.26 Crore)
• DII bought in Cash (Net buy 480.50 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 267:1053.
• McClellan's oscillator for NSE at +12.

NIFTY TECHNICAL

Current Spot: 5287.45
Pivot: 5330
5DEMA: 5398
10DEMA: 5456
20DEMA: 5556
50DEMA: 5712
RSI (14 days): 32.92
Parabolic SAR: 5600
Supports: 5232 - 5177- 5079
Resistance: 5385 - 5483 - 5538

Nifty Future VIX Range: 5207 - 5384
Nifty Future VWAP: 5328.99
MP Values Nifty Future: VAH - 5369, POC - 5323, VAL – 5277

TARGET NIFTY
Buy Nifty Future above 5325 - 5370 - 5440 - 5525 SL - 5309
Sell Nifty Future below 5277 - 5225 - 5165 - 5085 SL - 5324

BANKNIFTY TECHNICAL

Current Spot: 8870.50
Pivot: 8974
5DEMA: 9212
10DEMA: 9385
20DEMA: 9726
50DEMA: 10536
RSI (14 days): 27.81
Parabolic SAR: 9698
Supports: 8739 - 8608 - 8374
Resistance: 9105 - 9339 - 9471

Bank Nifty Future VIX Range: 8637 - 9077
Bank Nifty Future VWAP: 8980.03
MP Values Bank Nifty Future: VAH - 9099, POC - 8990, VAL - 8881

TARGET BANKNIFTY
Buy BankNifty Future above 8990 - 9100 - 9230 - 9400 SL - 8880
Sell BankNifty Future below 8857 - 8750 - 8620 - 8400 SL - 8978

INTRADAY TRADE
Reliance: Buy above 813 for targets of 820, 832 SL 807
Reliance: Sell below 800 for targets of 793, 780 SL 811
Infy: Sell below 3039 for targets of 3018, 3000 SL 3065
Justdial: Buy above 684 for targets of 692, 705 SL 672

SCORE SHEET
LicHsgfin: Buy above 177 for targets of 179, 182 SL 174: Call not Active
SesaGoa: Buy above 169 for targets of 171, 175 SL 164: Target 174.75 done

POSITIONAL TRADE
Cmahendra: Buy above 166 for target of 171 SL 163 (2-3 Days)
Nelco: Buy above 40.5 for target of 44 SL 39.9 (1 Week)

Thanks and Regards

S&P Wealth Creators