Market outlook for 26/07/11

Nifty closed up 46.35 points (0.82%) at 5680.30 while Nifty Future closed at 5690.65, premium of 10.35 points.
Bank Nifty up 99.85 points (0.88%) at 11391.80 while Future closed at 11399.25, premium of 7.45 points.

• FII bought in Cash (Net buy 345.83 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 345.83 Crore)
• DII bought in Cash (Net buy 224.25 Crore)
• US futures are trading flat to negative.
• 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: 5700 and 5600.
• Advance Decline for the day was 838:591.

NIFTY TECHNICAL

Current Spot: 5680.30
Pivot: 5666
5DEMA: 5621
10DEMA: 5606
20DEMA: 5585
50DEMA: 5575
RSI (15 days): 58.13
Parabolic SAR: 5701
Supports: 5631 - 5582 - 5547
Resistance: 5715 - 5750 - 5799
NF VIX Range: 5631 - 5750

Nifty Future VWAP: 5664.79
MP Values Futures: VAH - 5679, POC - 5650, VAL - 5621

TARGET NIFTY
Buy Nifty Future above 5695 - 5725 - 5760 - 5815 SL - 5669
Sell Nifty Future below 5664 - 5637 - 5581 - 5544 SL - 5675

BANKNIFTY TECHNICAL

Current Spot: 11391.80
Pivot: 11353
5DEMA: 11268
10DEMA: 11235
20DEMA: 11168
50DEMA: 11106
RSI (15 days): 58.47
Parabolic SAR: 10941
Supports: 11272 - 11153 - 11073
Resistance: 11472 - 11553 - 11672
Bank Nifty VIX Range: 11263 - 11536

Bank Nifty Future VWAP: 11342.83
MP Values Bank Nifty Futures: VAH - 11387, POC - 11314, VAL - 11241

TARGET BANKNIFTY
Buy BankNifty Future above 11408 - 11477 - 11561 - 11680 SL - 11356
Sell BankNifty Future below 11344 - 11284 - 11162 - 11079 SL - 11369

INTRADAY TRADE
Reliance Industries: Buy above 889 for targets of 891, 894, 899 SL 882
Reliance Industries: Sell below 879 for targets of 877, 874, 869 SL 887
Orientbank: Buy above 376 for targets of 381, 390 SL 366
Navinfluor: Buy above 371 for targets of 375, 385 SL 363

SCORE SHEET
Rallis: Buy above 161 for targets of 164, 170 SL 157: Target 172.50 achieved
Indiabulls: Buy above 191 for targets of 194, 199 SL 186: Target 195.00 achieved

POSITIONAL TRADE
Hsil: Buy above 224 for target of 257 SL 211 (2-3 Days)
Rcom: Buy above 109 for target of 126 SL 103 (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