Market outlook for 19/07/11

Nifty closed down 14.05 points (0.25%) at 5567.05 while Nifty Future closed at 5572.75, premium of 5.70 points.
Bank Nifty closed down 5.70 points (0.05%) at 11228.85 while Future closed at 11249.40, premium of 20.55 points.

• FII sold in Cash (Net sell 93.01 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 150.76 Crore)
• DII bought in Cash (Net buy 163.62 Crore)
• US futures are trading in RED.
• Global cues are flat to negative.
• SGX nifty is in negative as of now.
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 747:667.

NIFTY TECHNICAL

Current Spot: 5567.05
Pivot: 5572
5DEMA: 5584
10DEMA: 5588
20DEMA: 5568
50DEMA: 5556
RSI (15 days): 50.91
Parabolic SAR: 5722
Supports: 5546 - 5526 - 5501
Resistance: 5592 - 5617 - 5638
NF VIX Range: 5517 - 5629

Nifty Future VWAP: 5582.80
MP Values Futures: VAH - 5594, POC - 5581, VAL - 5568

TARGET NIFTY
Buy Nifty Future above 5585 - 5598 - 5627 - 5647 SL - 5578
Sell Nifty Future below 5564 - 5555 - 5534 - 5506 SL - 5583

BANKNIFTY TECHNICAL

Current Spot: 11228.85
Pivot: 11228
5DEMA: 11216
10DEMA: 11197
20DEMA: 11116
50DEMA: 11048
RSI (15 days): 56.00
Parabolic SAR: 11412
Supports:11178 - 11127 - 11077
Resistance: 11279 - 11328 - 11379
VIX Range: 11126 - 11373

Bank Nifty Future VWAP: 11253.01
MP Values Bank Nifty Futures: VAH - 11282, POC - 11253, VAL - 11224

TARGET BANKNIFTY
Buy BankNifty Future above 11260 - 11296 - 11347 - 11397 SL - 11239
Sell BankNifty Future below 11233 - 11205 - 11155 - 11103 SL - 11258

INTRADAY TRADE
Reliance Industries: Buy above 873 for targets of 875, 878, 886 SL 866
Reliance Industries: Sell below 863 for targets of 861, 858, 852 SL 871
Apil: Buy above 610 for targets of 616, 630 SL 597
Recltd: Buy above 231 for targets of 233, 237 SL 227

SCORE SHEET
Apollotyre: Buy above 81 for targets of 82, 83.2 SL 80.2: Target 82.30 achieved
Auropharma: Buy above 173.9 for targets of 176, 179 SL 171: SL Hit

POSITIONAL TRADE
Tatacomm: Buy above 217 for target of 228 SL 211 (2-3 Days)
Sujanatow: Buy above 33.5 for target of 36 SL 32.7 (1 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