Market outlook for 31/07/2013

Nifty closed down 76.60 points (1.31%) at 5755.05 while Nifty Future closed at 5797.55, premium of 42.50 points.
Bank Nifty closed down 121.45 points (1.18%) at 10209.55 while Future closed at 10301.80, premium of 92.25 points.

• FII bought in Cash (Net buy 256.45 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 14.83 Crore)
• DII sold in Cash (Net sell 415.00 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 240:947.
• McClellan's oscillator for NSE at -66.

NIFTY TECHNICAL

Current Spot: 5755.05
Pivot: 5788
5DEMA: 5859
10DEMA: 5903
20DEMA: 5906
50DEMA: 5903
RSI (14 days): 39.74
Parabolic SAR: 6059
Supports: 5715 - 5674- 5601
Resistance: 5828 - 5902 - 5942

Nifty Future VIX Range: 5738 - 5868
Nifty Future VWAP: 5842.93
MP Values Nifty Future: VAH - 5904, POC - 5871, VAL - 5836

TARGET NIFTY
Buy Nifty Future above 5837 - 5870 - 5905 - 5955 SL - 5827
Sell Nifty Future below 5789 - 5760 - 5725 - 5670 SL - 5836

BANKNIFTY TECHNICAL

Current Spot: 11209.55
Pivot: 10285
5DEMA: 10476
10DEMA: 10724
20DEMA: 11016
50DEMA: 11522
RSI (14 days): 29.62
Parabolic SAR: 11359
Supports: 10120 - 10031 - 9866
Resistance: 10374 - 10539 - 10629

Bank Nifty Future VIX Range: 10097 - 10503
Bank Nifty Future VWAP: 10418.06
MP Values Bank Nifty Future: VAH - 10507, POC - 10427, VAL - 10347

TARGET BANKNIFTY
Buy BankNifty Future above 10389 - 10480 - 10580 - 10705 SL - 10347
Sell BankNifty Future below 10286 - 10195 - 10095 - 9990 SL - 10386

INTRADAY TRADE
Reliance: Buy above 872 for targets of 879, 900 SL 866
Reliance: Sell below 854 for targets of 847, 832 SL 870
TataGlobal: Buy above 160.5 for targets of 162, 166 SL 158.5
Infratel: Buy above 150.5 for targets of 152, 154 SL 148

SCORE SHEET
Techm: Buy above 1253 for targets of 1261, 1276 SL 1237: Target 1262.00 done
Jindalstel: Buy above 201 for targets of 203, 207 SL 197: Target 209.70 done

POSITIONAL TRADE
Vguard: Buy above 539 for target of 551 SL 533 (2-3 Days)
Frl: Buy above 81.5 for target of 85 SL 80.5 (1 Week)

Thanks and Regards

S&P Wealth Creators