Market outlook for 02/08/2013

Nifty closed down 14.15 points (0.25%) at 5727.85 while Nifty Future closed at 5762.05, premium of 34.20 points.
Bank Nifty closed up 127.20 points (1.27%) at 10142.95 while Future closed at 10207.20, premium of 64.25 points.

• FII bought in Cash (Net buy 177.78 Crore)
• FII bought in index future, index option, stock future (Net buy 1164.30 Crore)
• DII sold in Cash (Net sell 293.62 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 348:837.
• McClellan's oscillator for NSE at -72.

NIFTY TECHNICAL

Current Spot: 5727.85
Pivot: 5738
5DEMA: 5789
10DEMA: 5847
20DEMA: 5875
50DEMA: 5894
RSI (14 days): 38.12
Parabolic SAR: 5993
Supports: 5667 - 5606- 5535
Resistance: 5799 - 5869 - 5930

Nifty Future VIX Range: 5695 - 5817
Nifty Future VWAP: 5778.42
MP Values Nifty Future: VAH - 5811, POC - 5772, VAL - 5733

TARGET NIFTY
Buy Nifty Future above 5773 - 5800 - 5845 - 5905 SL - 5755
Sell Nifty Future below 5753 - 5725 - 5680 - 5620 SL - 5772

BANKNIFTY TECHNICAL

Current Spot: 10142.95
Pivot: 10077
5DEMA: 10262
10DEMA: 10513
20DEMA: 10846
50DEMA: 11421
RSI (14 days): 31.04
Parabolic SAR: 10995
Supports: 9934 - 9725 - 9582
Resistance: 10286 - 10428 - 10638

Bank Nifty Future VIX Range: 10013 - 10407
Bank Nifty Future VWAP: 10126.55
MP Values Bank Nifty Future: VAH - 10277, POC - 10165, VAL - 10053

TARGET BANKNIFTY
Buy BankNifty Future above 10216 - 10305 - 10420 - 10545 SL - 10131
Sell BankNifty Future below 10121 - 10050 - 9945 - 9820 SL - 10165

INTRADAY TRADE
Reliance: Buy above 863 for targets of 870, 894 SL 857
Reliance: Sell below 846 for targets of 838, 825 SL 861
Star: Buy above 626 for targets of 632, 645 SL 616
Adanient: Buy above 177 for targets of 179, 183 SL 173.5

SCORE SHEET
Lupin: Buy above 874 for targets of 882, 897 SL 861: Target 889.00 done
Idea: Buy above 170 for targets of 172, 177 SL 166: Target 173.90 done

POSITIONAL TRADE
Excelcrop: Buy above 247 for target of 259 SL 237 (2-3 Days)
Tatamtrdvr: Buy above 133 for target of 140 SL 131 (1 Week)

Thanks and Regards

S&P Wealth Creators