Market outlook for 25/07/11

Nifty closed up 92.35 points (1.67%) at 5633.95 while Nifty Future closed at 5645.55, premium of 11.60 points.
Bank Nifty up 242.15 points (2.19%) at 11291.95 while Future closed at 11310.60, premium of 18.65 points.

• FII bought in Cash (Net buy 444.91 Crore)
• FII bought in index future, index option and stock future (Net buy 2496.54 Crore)
• DII bought in Cash (Net buy 243.05 Crore)
• US futures are trading flat.
• Global cues are flat.
• SGX nifty is in flat 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 920:499.

NIFTY TECHNICAL

Current Spot: 5633.95
Pivot: 5614
5DEMA: 5592
10DEMA: 5590
20DEMA: 5575
50DEMA: 5571
RSI (15 days): 55.05
Parabolic SAR: 5704
Supports: 5587 - 5539 - 5512
Resistance: 5662 - 5690 - 5737
NF VIX Range: 5591 - 5701

Nifty Future VWAP: 5623.26
MP Values Futures: VAH - 5652, POC - 5635, VAL - 5603

TARGET NIFTY
Buy Nifty Future above 5650 - 5672 - 5701 - 5751 SL - 5621
Sell Nifty Future below 5615 - 5598 - 5547 - 5518 SL - 5627

BANKNIFTY TECHNICAL

Current Spot: 11291.95
Pivot: 11236
5DEMA: 11207
10DEMA: 11200
20DEMA: 11145
50DEMA: 11095
RSI (15 days): 55.74
Parabolic SAR: 11380
Supports: 11162 - 11032 - 10958
Resistance: 11366 - 11439 - 11569
Bank Nifty Future VIX Range: 11175 - 11446

Bank Nifty Future VWAP: 11239.93
MP Values Bank Nifty Futures: VAH - 11188, POC - 11133, VAL - 11078

TARGET BANKNIFTY
Buy BankNifty Future above 11319 - 11385 - 11465 - 11605 SL - 11245
Sell BankNifty Future below 11233 - 11176 - 11036 - 10956 SL - 11256

INTRADAY TRADE
Reliance Industries: Buy above 876 for targets of 878, 882, 890 SL 869
Reliance Industries: Sell below 867 for targets of 865, 861, 853 SL 873
Rallis: Buy above 161 for targets of 164, 170 SL 157
Indiabulls: Buy above 191 for targets of 194, 199 SL 186

SCORE SHEET
Albk: Buy above 210 for targets of 212, 216 SL 207: Target 219.30 achieved
Sksmicro: Buy above 552 for targets of 558, 569 SL 534: Call not activated

POSITIONAL TRADE
Gspl: Buy above 109 for target of 116 SL 105 (2-3 Days)
Praj: Buy above 94 for target of 106 SL 88 (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