Market outlook for 19/08/2013

Nifty closed down 234.45 points (4.08%) at 5507.85 while Nifty Future closed at 5505.00, discount of 2.85 points.
Bank Nifty closed down 575.55 points (5.74%) at 9450.85 while Future closed at 9450.85.

• FII sold in Cash (Net sell 563.23 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 1294.98 Crore)
• DII bought in Cash (Net buy 732.23 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 190:997.
• McClellan's oscillator for NSE at +17.

NIFTY TECHNICAL

Current Spot: 5507.85
Pivot: 5574
5DEMA: 5617
10DEMA: 5654
20DEMA: 5722
50DEMA: 5822
RSI (14 days): 35.42
Parabolic SAR: 5492
Supports: 5430 - 5353- 5210
Resistance: 5651 - 5794 - 5872

Nifty Future VIX Range: 5425 - 5591
Nifty Future VWAP: 5583.48
MP Values Nifty Future: VAH - 5684, POC - 5608, VAL – 5532

TARGET NIFTY
Buy Nifty Future above 5579 - 5610 - 5670 - 5750 SL - 5532
Sell Nifty Future below 5497 - 5465 - 5400 - 5325 SL - 5577

BANKNIFTY TECHNICAL

Current Spot: 9450.85
Pivot: 9587
5DEMA: 9769
10DEMA: 9915
20DEMA: 10236
50DEMA: 10981
RSI (14 days): 29.94
Parabolic SAR: 10071
Supports: 9284 - 9116 - 8812
Resistance: 9755 - 10059 - 10226

Bank Nifty Future VIX Range: 9229 - 9681
Bank Nifty Future VWAP: 9631.62
MP Values Bank Nifty Future: VAH - 9760, POC - 9545, VAL - 9418

TARGET BANKNIFTY
Buy BankNifty Future above 9625 - 9750 - 9900 - 10170 SL - 9545
Sell BankNifty Future below 9437 - 9320 - 9170 - 8900 SL - 9622

INTRADAY TRADE
Reliance: Buy above 841 for targets of 847, 865 SL 835
Reliance: Sell below 826 for targets of 820, 802 SL 839
Powergrid: Buy above 98.60 for targets of 99.5, 101 SL 97
Techm: Buy above 1327 for targets of 1337, 1350 SL 1314

SCORE SHEET
Dlf: Buy above 160 for targets of 162, 166 SL 157: Call not active
Tatacomm: Buy above 166 for targets of 168, 172 SL 163: SL Hit

POSITIONAL TRADE
Hcltech: Buy above 921 for target of 906 SL 959 (2-3 Days)
Vipind: Buy above 44 for target of 47 SL 42.3 (1 Week)

Thanks and Regards

S&P Wealth Creators