Market outlook for 08/07/2013

Nifty closed up 30.95 points (0.53%) at 5867.90 while Nifty Future closed at 5874.95, premium of 7.05 points.
Bank Nifty closed up 53.10 points (0.47%) at 11434.30 while Future closed at 11479.75, premium of 45.45 points.

• FII sold in Cash (Net sell 15.71 Crore)
• FII bought in index future, index option and in stock future (Net buy 496.03 Crore)
• DII bought in Cash (Net buy 105.27 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 652:615.
• McClellan's oscillator for NSE at +24

NIFTY TECHNICAL

Current Spot: 5836.95
Pivot: 5876
5DEMA: 5828
10DEMA: 5799
20DEMA: 5805
50DEMA: 5827
RSI (14 days): 53.49
Parabolic SAR: 5623
Supports: 5851 - 5834- 5809
Resistance: 5893 - 5918 - 5935

Nifty Future VIX Range: 5799 - 5946
Nifty Future VWAP: 5882.79
MP Values Nifty Future: VAH - 5897, POC - 5886, VAL - 5875

TARGET NIFTY
Buy Nifty Future above 5886 - 5897 - 5920 - 5955 SL – 5875
Sell Nifty Future below 5866 - 5855 - 5835 - 5810 SL - 5885

BANKNIFTY TECHNICAL

Current Spot: 11434.30
Pivot: 11461
5DEMA: 11440
10DEMA: 11473
20DEMA: 11637
50DEMA: 11881
RSI (14 days): 41.86
Parabolic SAR: 11191
Supports: 11391 - 11348 - 11279
Resistance: 11504 - 11574 - 11617

Bank Nifty Future VIX Range: 11295 - 11661
Bank Nifty Future VWAP: 11508.79
MP Values Bank Nifty Future: VAH - 11527, POC - 11494, VAL - 11461

TARGET BANKNIFTY
Buy BankNifty Future above 11497 - 11550 - 11620 - 11690 SL - 11461
Sell BankNifty Future below 11460 - 11420 - 11365 - 11305 SL - 11495

INTRADAY TRADE
Reliance: Buy above 883 for targets of 889, 900 SL 875
Reliance: Sell below 873 for targets of 867, 855 SL 879
Hdfcbank: Buy above 669 for targets of 673, 679 SL 665
Bhel: Buy above 180 for targets of 182, 184 SL 177

SCORE SHEET
Hindunilvr: Buy above 603 for targets of 609, 617 SL 595: Target 632.00 done
HclTech: Buy above 803 for targets of 810, 820 SL 789: Target 807.00 done

POSITIONAL TRADE
Jindalstel: Buy above 224 for target of 232 SL 221 (2-3 Days)
Idfc: Buy above 130.20 for target of 136 SL 128 (1 Week)

Thanks and Regards

S&P Wealth Creators