Market outlook for 14/08/2012

Nifty closed up 27.50 points (0.52%) at 5347.90 while Nifty Future closed at 5371.90, premium of 24.00 points.
Bank Nifty closed up 42.35 points (0.41%) at 10401.30 while Future closed at 10459.85, premium of 58.55 points.

• FII bought in Cash (Net buy 339.76 Crore)
• FII sold in index future, index option and in stock future (Net sell 908.69 Crore)
• DII sold in Cash (Net sell 176.34 Crore)
• Most Active Nifty Call Option: 5300 and 5400.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 811:672.

NIFTY TECHNICAL

Current Spot: 5347.90
Pivot: 5336
5DEMA: 5321
10DEMA: 5289
20DEMA: 5252
50DEMA: 5179
RSI (14 days): 63.79
Parabolic SAR: 5209
Supports: 5320 - 5293 - 5277
Resistance: 5364 - 5380 - 5407
Nifty Future VIX Range: 5325 - 5419

Nifty Future VWAP: 5350.86
MP Values Nifty Future: VAH - 5364, POC - 5340, VAL - 5327

TARGET NIFTY
Buy Nifty Future above 5376 - 5388 - 5405 - 5435 SL - 5355
Sell Nifty Future below 5351 - 5340 - 5315 - 5295 SL - 5365

BANKNIFTY TECHNICAL

Current Spot: 10401.30
Pivot: 10367
5DEMA: 10422
10DEMA: 10419
20DEMA: 10402
50DEMA: 10220
RSI (14 days): 51.41
Parabolic SAR: 10252
Supports: 10319 - 10236 - 10187
Resistance: 10450 - 10498 - 10581
Bank Nifty Future VIX Range: 10343 - 10577

Bank Nifty Future VWAP: 10399.24
MP Values Bank Nifty Future: VAH - 10432, POC - 10388, VAL - 10344

TARGET BANKNIFTY
Buy BankNifty Future above 10470 - 10510 - 10560 - 10645 SL - 10419
Sell BankNifty Future below 10410 - 10380 - 10295 - 10240 SL - 10437

INTRADAY TRADE
Reliance Industries: Buy above 790 for targets of 792, 795, 800 SL 784
Reliance Industries: Sell below 783 for targets of 781, 778, 773 SL 788
Venkeys: Buy above 558 for targets of 565, 578 SL 545
Zeel: Buy above 171.5 for targets of 172.5, 174 SL 169

SCORE SHEET
Jisjaleqs: Buy above 83.7 for targets of 85.9, 88.4 SL 82.6: Target 87.60 done
Igl: Buy above 253 for targets of 256, 262 SL 250: Target 258.40 done

POSITIONAL TRADE
RelInfra: Buy above 523 for target of 535 SL 515 (2-3 Days)
Hdil: Buy above 86 for target of 93 SL 84 (1 Week)

Thanks and Regards

S&P Wealth Creators