Market outlook for 29/07/2013

Nifty closed down 21.30 points (0.36%) at 5886.20 while Nifty Future closed at 5925.25, premium of 39.05 points.
Bank Nifty closed down 148.75 points (1.40%) at 10465.25 while Future closed at 10533.55, premium of 68.30 points.

• FII bought in Cash (Net buy 278.04 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 1614.75 Crore)
• DII sold in Cash (Net sell 489.17 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 346:823.
• McClellan's oscillator for NSE at -39.

NIFTY TECHNICAL

Current Spot: 5886.20
Pivot: 5900
5DEMA: 5950
10DEMA: 5959
20DEMA: 5931
50DEMA: 5907
RSI (14 days): 47.76
Parabolic SAR: 6089
Supports: 5856 - 5825- 5781
Resistance: 5931 - 5975 - 6006

Nifty Future VIX Range: 5861 - 5993
Nifty Future VWAP: 5938.92
MP Values Nifty Future: VAH - 5954, POC - 5935, VAL - 5916

TARGET NIFTY
Buy Nifty Future above 5944 - 5960 - 5985 - 6020 SL - 5933
Sell Nifty Future below 5916 - 5900 - 5875 - 5840 SL - 5941

BANKNIFTY TECHNICAL

Current Spot: 11465.25
Pivot: 10514
5DEMA: 10747
10DEMA: 10950
20DEMA: 11181
50DEMA: 11624
RSI (14 days): 32.77
Parabolic SAR: 11590
Supports: 10304 - 10143 - 9934
Resistance: 10675 - 10884 - 11045

Bank Nifty Future VIX Range: 10329 - 10761
Bank Nifty Future VWAP: 10583.11
MP Values Bank Nifty Future: VAH - 10677, POC - 10570, VAL - 10463

TARGET BANKNIFTY
Buy BankNifty Future above 10592 - 10675 - 10770 - 10900 SL - 10565
Sell BankNifty Future below 10520 - 10445 - 10350 - 10230 SL - 10590

INTRADAY TRADE
Reliance: Buy above 894 for targets of 900, 911 SL 886
Reliance: Sell below 885 for targets of 880, 870 SL 893
BataIndia: Buy above 911 for targets of 917, 927 SL 901
JetAirways: Buy above 400 for targets of 405, 415 SL 393

SCORE SHEET
Tatacomm: Buy above 167 for targets of 169, 174 SL 164: Target 171.40 done
Zeel: Buy above 261 for targets of 264, 270 SL 254: Target 267.50 done

POSITIONAL TRADE
Arvind: Buy above 80.5 for target of 84 SL 78 (2-3 Days)
Jisjaleqs: Buy above 53.5 for target of 57 SL 53 (1 Week)

Thanks and Regards

S&P Wealth Creators