Market outlook for 01/08/2012

Nifty closed up 29.20 points (0.56%) at 5229.00 while Nifty Future closed at 5240.55, premium of 11.555 points.
Bank Nifty closed down 28.05 points (0.27%) at 10384.10 while Future closed at 10435.30, premium of 51.20 points.

• FII bought in Cash (Net buy 879.96 Crore)
• FII bought in index future, stock future and in index option (Net buy 577.09 Crore)
• DII sold in Cash (Net sell 493.48 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 761:676.

NIFTY TECHNICAL

Current Spot: 5229.00
Pivot: 5206
5DEMA: 5169
10DEMA: 5168
20DEMA: 5178
50DEMA: 5156
RSI (14 days): 54.78
Parabolic SAR: 5036
Supports: 5177 - 5125 - 5097
Resistance: 5258 - 5286 - 5338
Nifty Future VIX Range: 5184 - 5297

Nifty Future VWAP: 5213.97
MP Values Nifty Future: VAH - 5243, POC - 5219, VAL - 5195

TARGET NIFTY
Buy Nifty Future above 5244 - 5266 - 5295 - 5345 SL - 5214
Sell Nifty Future below 5211 - 5193 - 5145 - 5115 SL - 5225

BANKNIFTY TECHNICAL

Current Spot: 10384.10
Pivot: 10364
5DEMA: 10320
10DEMA: 10350
20DEMA: 10356
50DEMA: 10218
RSI (14 days): 51.94
Parabolic SAR: 10056
Supports: 10260 - 10136 - 10032
Resistance: 10488 - 10592 - 10716
Bank Nifty Future VIX Range: 10294 - 10576

Bank Nifty Future VWAP: 10393.42
MP Values Bank Nifty Future: VAH - 10468, POC - 10415, VAL - 10362

TARGET BANKNIFTY
Buy BankNifty Future above 10445 - 10530 - 10630 - 10750 SL - 10400
Sell BankNifty Future below 10397 - 10320 - 10195 - 10100 SL - 10429

INTRADAY TRADE
Reliance Industries: Buy above 745 for targets of 748, 753, 760 SL 736
Reliance Industries: Sell below 734 for targets of 731, 726, 719 SL 739
Grasim: Buy above 2880 for targets of 2905, 2950 SL 2835
Zeel: Buy above 169 for targets of 171, 174 SL 166

SCORE SHEET
Dcm: Buy above 157.5 for targets of 159, 162 SL 155: Target 161.60 done
RelInfra: Buy above 502 for targets of 507, 516 SL 492: SL Hit

POSITIONAL TRADE
Mcdowell-N: Buy above 813 for target of 850 SL 800 (2-3 Days)
Geometric: Buy above 94.5 for target of 104 SL 92 (1 Week)

Thanks and Regards

S&P Wealth Creators