Market outlook for 06/08/2013

Nifty closed up 7.50 points (0.13%) at 5685.40 while Nifty Future closed at 5723.60, premium of 38.20 points.
Bank Nifty closed up 97.10 points (0.97%) at 10094.90 while Future closed at 10178.05, premium of 83.15 points.

• FII bought in Cash (Net buy 33.35 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 732.37 Crore)
• DII sold in Cash (Net sell 303.13 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 576:603.
• McClellan's oscillator for NSE at -60.

NIFTY TECHNICAL

Current Spot: 5685.40
Pivot: 5689
5DEMA: 5730
10DEMA: 5793
20DEMA: 5840
50DEMA: 5876
RSI (14 days): 36.16
Parabolic SAR: 5921
Supports: 5658 - 5630- 5598
Resistance: 5717 - 5749 - 5777

Nifty Future VIX Range: 5662 - 5778
Nifty Future VWAP: 5727.40
MP Values Nifty Future: VAH - 5742, POC - 5726, VAL - 5710

TARGET NIFTY
Buy Nifty Future above 5742 - 5756 - 5785 - 5825 SL - 5724
Sell Nifty Future below 5715 - 5698 - 5670 - 5630 SL - 5730

BANKNIFTY TECHNICAL

Current Spot: 10094.90
Pivot: 10010
5DEMA: 10148
10DEMA: 10360
20DEMA: 10701
50DEMA: 11295
RSI (14 days): 32.25
Parabolic SAR: 10694
Supports: 9903 - 9711 - 9604
Resistance: 10202 - 10310 - 10501

Bank Nifty Future VIX Range: 9982 - 10360
Bank Nifty Future VWAP: 10086.00
MP Values Bank Nifty Future: VAH - 10164, POC - 10071, VAL - 9978

TARGET BANKNIFTY
Buy BankNifty Future above 10186 - 10265 - 10360 - 10480 SL - 10070
Sell BankNifty Future below 10069 - 9980 - 9875 - 9750 SL - 10164

INTRADAY TRADE
Reliance: Buy above 868 for targets of 874, 886 SL 861
Reliance: Sell below 857 for targets of 851, 840 SL 866
RelInfra: Buy above 326 for targets of 329, 335 SL 319
BankIndia: Buy above 176.5 for targets of 179, 183 SL 173

SCORE SHEET
Ambujacem: Buy above 172 for targets of 174, 177 SL 170: Target 179.95 done
Titan: Buy above 284 for targets of 287, 293 SL 277: Target 288.90 done

POSITIONAL TRADE
Adanient: Buy above 169 for target of 178 SL 164 (2-3 Days)
Irb: Buy above 67 for target of 74 SL 65 (1 Week)

Thanks and Regards

S&P Wealth Creators