Market outlook for 07/08/2013

Nifty closed down 143.15 points (2.52%) at 5542.25 while Nifty Future closed at 5573.35, premium of 31.10 points.
Bank Nifty closed down 391.80 points (3.88%) at 9703.10 while Future closed at 9760.10, premium of 57.00 points.

• FII bought in Cash (Net buy 209.74 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 497.89 Crore)
• DII sold in Cash (Net sell 323.74 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 243:965.
• McClellan's oscillator for NSE at -75.

NIFTY TECHNICAL

Current Spot: 5542.25
Pivot: 5576
5DEMA: 5667
10DEMA: 5747
20DEMA: 5812
50DEMA: 5863
RSI (14 days): 29.15
Parabolic SAR: 5873
Supports: 5488 - 5433- 5345
Resistance: 5631 - 5719 - 5774

Nifty Future VIX Range: 5510 - 5643
Nifty Future VWAP: 5615.93
MP Values Nifty Future: VAH - 5638, POC - 5582, VAL - 5548

TARGET NIFTY
Buy Nifty Future above 5607 - 5645 - 5715 - 5785 SL - 5582
Sell Nifty Future below 5565 - 5525 - 5470 - 5420 SL - 5606

BANKNIFTY TECHNICAL

Current Spot: 9703.10
Pivot: 9792
5DEMA: 10000
10DEMA: 10241
20DEMA: 10606
50DEMA: 11232
RSI (14 days): 27.37
Parabolic SAR: 10529
Supports: 9571 - 9439 - 9218
Resistance: 9924 - 10146 - 10278

Bank Nifty Future VIX Range: 9528 - 9930
Bank Nifty Future VWAP: 9854.40
MP Values Bank Nifty Future: VAH - 9926, POC - 9832, VAL - 9738

TARGET BANKNIFTY
Buy BankNifty Future above 9862 - 9980 - 10160 - 10320 SL - 9830
Sell BankNifty Future below 9738 - 9640 - 9540 - 9400 SL - 9860

INTRADAY TRADE
Reliance: Buy above 849 for targets of 858, 877 SL 842
Reliance: Sell below 837 for targets of 828, 813 SL 847
Vguard: Buy above 562 for targets of 566, 573 SL 555
GeShip: Buy above 233 for targets of 236, 241 SL 231

SCORE SHEET
RelInfra: Buy above 326 for targets of 329, 335 SL 319: Target 330.70 done
BankIndia: Buy above 176.5 for targets of 179, 183 SL 173: Call not Active

POSITIONAL TRADE
Ubl: Buy above 735 for target of 765 SL 715 (2-3 Days)
StcIndia: Buy above 84 for target of 91 SL 80 (1 Week)

Thanks and Regards

S&P Wealth Creators