Market outlook for 07/10/10

Nifty closed up 40.65 points (0.66%) at 6186.45 whilst Nifty October Future closed at 6214.10 premium of 27.65 points.
Bank Nifty closed up 32.70 points (0.26%) at 12629.20 whilst October Future closed at 12685.85 premium of 56.65 points.

• FII bought in Cash (Net buy 1842.44 Crore)
• FII sold in stock future, bought in index future and index option (Net sell 283.77 Crore)
• DII sold in Cash (Net sell 976.46 Crore)
• US market is trading flat.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty October Call Option: 6200 and 6300.
• Most Active Nifty October Put Options: 6100 and 6000.
• Advance Decline for the day was 865:481

NIFTY TECHNICAL

Current Spot: 6186.45
Pivot: 6188
5DEMA: 6134
10DEMA: 6074
20DEMA: 5957
50DEMA: 5737
RSI (7 days): 81.74
Parabolic SAR: 5989
Supports: 6153 - 6120
Resistance: 6222 - 6257

Nifty Future VWAP: 6215.97
Bank Nifty Future VWAP: 12703.46
MP Values Spot: VAH - 6199, POC - 6185, VAL - 6171
MP Values Futures: VAH - 6223 POC - 6211, VAL - 6206
MP Values Bank Nifty Futures: VAH - 12737, POC - 12720, VAL - 12691

TARGET NIFTY
Buy Nifty Future above 6219 - 6240 - 6269 - 6298 SL - 6211
Sell Nifty Future below 6205 - 6188 - 6159 - 6130 SL - 6217

INTRADAY TRADE
Reliance Industries: Buy above 1048 for targets of 1051, 1057, 1065 SL 1037
Reliance Industries: Sell below 1034 for targets of 1032, 1027, 1020 SL 1042
Indiabulls: Buy above 168 for targets of 170, 174 SL 164
Aptecht: Buy above 176 for targets of 179, 183 SL 173

SCORE SHEET
Hanung: Buy above 366 for targets of 371, 376 SL 362: Target 378 achieved
KGL: Buy above 29.5 for targets of 30.5, 32 SL 28: Target 30.50 achieved

POSITIONAL TRADE
Indianb: Buy above 309 for target of 324 SL 301 (One Week)
Arevat&d: Buy above 317 for target of 334 SL 307 (One Week)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators