Market outlook for 26/07/2013

Nifty closed down 83.00 points (1.39%) at 5907.50 while Nifty Future closed at 5943.90, premium of 36.40 points.
Bank Nifty closed down 106.15 points (0.99%) at 10614.00 while Future closed at 10725.60, premium of 111.60 points.

• FII sold in Cash (Net sell 442.94 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1269.62 Crore)
• DII sold in Cash (Net sell 138.80 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 363:813.
• McClellan's oscillator for NSE at -27.

NIFTY TECHNICAL

Current Spot: 5907.50
Pivot: 5932
5DEMA: 5982
10DEMA: 5975
20DEMA: 5936
50DEMA: 5911
RSI (14 days): 49.09
Parabolic SAR: 6093
Supports: 5872 - 5837- 5778
Resistance: 5967 - 6026 - 6061

Nifty Future VIX Range: 5877 - 6014
Nifty Future VWAP: 5981.02
MP Values Nifty Future: VAH - 6029, POC - 6015, VAL - 5959

TARGET NIFTY
Buy Nifty Future above 5971 - 5994 - 6025 - 6060 SL - 5958
Sell Nifty Future below 5935 - 5915 - 5885 - 5850 SL - 5970

BANKNIFTY TECHNICAL

Current Spot: 11614.00
Pivot: 10660
5DEMA: 10888
10DEMA: 11058
20DEMA: 11257
50DEMA: 11686
RSI (14 days): 34.64
Parabolic SAR: 11669
Supports: 10548 - 10482 - 10370
Resistance: 10726 - 10839 - 10904

Bank Nifty Future VIX Range: 10491 - 10940
Bank Nifty Future VWAP: 10780.10
MP Values Bank Nifty Future: VAH - 10843, POC - 10801, VAL - 10759

TARGET BANKNIFTY
Buy BankNifty Future above 10769 - 10815 - 10900 - 10965 SL - 10746
Sell BankNifty Future below 10711 - 10675 - 10620 - 10530 SL - 10767

INTRADAY TRADE
Reliance: Buy above 898 for targets of 904, 915 SL 891
Reliance: Sell below 886 for targets of 881, 870 SL 896
Tatacomm: Buy above 167 for targets of 169, 174 SL 164
Zeel: Buy above 261 for targets of 264, 270 SL 254

SCORE SHEET
Dabur: Buy above 176 for targets of 178, 181 SL 173: Target 177.40 done
Idea: Buy above 154.5 for targets of 155.5, 158 SL 152: Target 162.00 done

POSITIONAL TRADE
Heromotoco: Buy above 1835 for target of 1870 SL 1807 (2-3 Days)
Exideind: Buy above 131 for target of 137 SL 128 (1 Week)

Thanks and Regards

S&P Wealth Creators