Market outlook for 12/08/2013

Nifty closed up 46.55 points (0.84%) at 5565.65 while Nifty Future closed at 5589.70, premium of 24.05 points.
Bank Nifty closed up 59.15 points (0.61%) at 9816.40 while Future closed at 9879.85 premium of 63.45 points.

• FII sold in Cash (Net sell 395.78 Crore)
• FII sold in stock future, index option but bought in index future (Net sell 805.87 Crore)
• DII bought in Cash (Net buy 516.15 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5500 and 5400.
• Advance Decline for the day was 824:346.
• McClellan's oscillator for NSE at -10.

NIFTY TECHNICAL

Current Spot: 5565.65
Pivot: 5551
5DEMA: 5600
10DEMA: 5680
20DEMA: 5763
50DEMA: 5845
RSI (14 days): 32.81
Parabolic SAR: 5766
Supports: 5525 - 5484- 5457
Resistance: 5592 - 5619 - 5660

Nifty Future VIX Range: 5525 - 5651
Nifty Future VWAP: 5575.41
MP Values Nifty Future: VAH - 5597, POC - 5579, VAL – 5561

TARGET NIFTY
Buy Nifty Future above 5597 - 5615 - 5635 - 5670 SL - 5575
Sell Nifty Future below 5569 - 5555 - 5535 - 5500 SL - 5581

BANKNIFTY TECHNICAL

Current Spot: 9816.40
Pivot: 9817
5DEMA: 9885
10DEMA: 10092
20DEMA: 10458
50DEMA: 11137
RSI (14 days): 30.69
Parabolic SAR: 10244
Supports: 9724 - 9632 - 9539
Resistance: 9909 - 10002 - 10094

Bank Nifty Future VIX Range: 9658 - 10042
Bank Nifty Future VWAP: 9874.19
MP Values Bank Nifty Future: VAH - 9906, POC - 9860, VAL - 9814

TARGET BANKNIFTY
Buy BankNifty Future above 9887 - 9965 - 10060 - 10160 SL - 9860
Sell BankNifty Future below 9858 - 9790 - 9695 - 9595 SL - 9883

INTRADAY TRADE
Reliance: Buy above 868 for targets of 873, 885 SL 862
Reliance: Sell below 861 for targets of 856, 845 SL 867
Tatasteel: Buy above 220 for targets of 222, 226 SL 216
CenturyTex: Buy above 215 for targets of 217, 221 SL 211

SCORE SHEET
RelInfra: Buy above 336 for targets of 340, 347 SL 331: Target 350.30 done
Indusindbk: Buy above 374 for targets of 378, 386 SL 369: Target 377.50 done

POSITIONAL TRADE
RelInfra: Buy above 348 for target of 362 SL 342 (2-3 Days)
Tatamtrdvr: Buy above 126.5 for target of 133 SL 125.5 (1 Week)

Thanks and Regards

S&P Wealth Creators