Market outlook for 08/08/2013

Nifty closed down 23.15 points (0.42%) at 5519.10 while Nifty Future closed at 5554.15, premium of 35.05 points.
Bank Nifty closed up 54.15 points (0.56%) at 9757.25 while Future closed at 9827.75 premium of 70.50 points.

• FII sold in Cash (Net sell 350.92 Crore)
• FII sold in index future, stock future and in index option (Net sell 2013.62 Crore)
• DII bought in Cash (Net buy 261.73 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5500 and 5400.
• Advance Decline for the day was 728:441.
• McClellan's oscillator for NSE at -44.

NIFTY TECHNICAL

Current Spot: 5519.10
Pivot: 5522
5DEMA: 5618
10DEMA: 5706
20DEMA: 5784
50DEMA: 5854
RSI (14 days): 28.09
Parabolic SAR: 5819
Supports: 5483 - 5448- 5409
Resistance: 5558 - 5597 - 5633

Nifty Future VIX Range: 5485 - 5613
Nifty Future VWAP: 5554.91
MP Values Nifty Future: VAH - 5592, POC - 5567, VAL – 5542

TARGET NIFTY
Buy Nifty Future above 5562 - 5585 - 5615 - 5655 SL - 5549
Sell Nifty Future below 5542 - 5520 - 5490 - 5450 SL - 5560

BANKNIFTY TECHNICAL

Current Spot: 9757.25
Pivot: 9758
5DEMA: 9919
10DEMA: 10153
20DEMA: 10526
50DEMA: 11190
RSI (14 days): 28.87
Parabolic SAR: 10372
Supports: 9667 - 9577 - 9486
Resistance: 9848 - 9939 - 10029

Bank Nifty Future VIX Range: 9602 - 9996
Bank Nifty Future VWAP: 9824.21
MP Values Bank Nifty Future: VAH - 9860, POC - 9815, VAL - 9770

TARGET BANKNIFTY
Buy BankNifty Future above 9835 - 9905 - 10010 - 10120 SL - 9814
Sell BankNifty Future below 9811 - 9730 - 9625 - 9520 SL - 9832

INTRADAY TRADE
Reliance: Buy above 875 for targets of 882, 900 SL 862
Reliance: Sell below 858 for targets of 850, 835 SL 865
RelInfra: Buy above 336 for targets of 340, 347 SL 331
Indusindbk: Buy above 374 for targets of 378, 386 SL 369

SCORE SHEET
Vguard: Buy above 562 for targets of 566, 573 SL 555: Target 569.60 done
GeShip: Buy above 233 for targets of 236, 241 SL 231: Target 236.40 done

POSITIONAL TRADE
Star: Buy above 818 for target of 868 SL 775 (2-3 Days)
Ster: Buy above 75.5 for target of 80 SL 73.5 (1 Week)

Thanks and Regards

S&P Wealth Creators