Market outlook for 30/07/2013

Nifty closed down 54.55 points (0.93%) at 5831.65 while Nifty Future closed at 5877.35, premium of 45.70 points.
Bank Nifty closed down 134.25 points (1.28%) at 10331.00 while Future closed at 10407.35, premium of 100.75 points.

• FII sold in Cash (Net sell 231.77 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 139.78 Crore)
• DII sold in Cash (Net sell 101.26 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 344:835.
• McClellan's oscillator for NSE at -49.

NIFTY TECHNICAL

Current Spot: 5831.65
Pivot: 5848
5DEMA: 5910
10DEMA: 5936
20DEMA: 5922
50DEMA: 5907
RSI (14 days): 44.20
Parabolic SAR: 6078
Supports: 5810 - 5788- 5749
Resistance: 5870 - 5908 - 5930

Nifty Future VIX Range: 5812 - 5941
Nifty Future VWAP: 5895.72
MP Values Nifty Future: VAH - 5917, POC - 5902, VAL - 5887

TARGET NIFTY
Buy Nifty Future above 5903 - 5917 - 5940 - 5965 SL - 5887
Sell Nifty Future below 5869 - 5855 - 5835 - 5810 SL - 5902

BANKNIFTY TECHNICAL

Current Spot: 11331.00
Pivot: 10365
5DEMA: 10608
10DEMA: 10838
20DEMA: 11100
50DEMA: 11579
RSI (14 days): 3.06
Parabolic SAR: 11488
Supports: 10277 - 10223 - 10136
Resistance: 10418 - 10506 - 10560

Bank Nifty Future VIX Range: 10223 - 10643
Bank Nifty Future VWAP: 10467.69
MP Values Bank Nifty Future: VAH - 10497, POC - 10465, VAL - 10433

TARGET BANKNIFTY
Buy BankNifty Future above 10466 - 10500 - 10570 - 10625 SL - 10433
Sell BankNifty Future below 10416 - 10385 - 10340 - 10270 SL - 10465

INTRADAY TRADE
Reliance: Buy above 893 for targets of 899, 909 SL 887
Reliance: Sell below 881 for targets of 875, 865 SL 891
Techm: Buy above 1253 for targets of 1261, 1276 SL 1237
Jindalstel: Buy above 201 for targets of 203, 207 SL 197

SCORE SHEET
BataIndia: Buy above 911 for targets of 917, 927 SL 901: Target 927.95 done
Zeel: Buy above 261 for targets of 264, 270 SL 254: Call not active

POSITIONAL TRADE
Wipro: Buy above 410 for target of 430 SL 405 (2-3 Days)
Ceatltd: Buy above 125.5 for target of 134 SL 124 (1 Week)

Thanks and Regards

S&P Wealth Creators