Market outlook for 13/08/2013

Nifty closed up 46.75 points (0.84%) at 5612.40 while Nifty Future closed at 5621.75, premium of 9.35 points.
Bank Nifty closed down 105.00 points (1.07%) at 9711.40 while Future closed at 9741.70 premium of 30.30 points.

• FII bought in Cash (Net buy 408.36 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 451.51 Crore)
• DII bought in Cash (Net buy 258.81 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 854:342.
• McClellan's oscillator for NSE at +21.

NIFTY TECHNICAL

Current Spot: 5612.40
Pivot: 5605
5DEMA: 5604
10DEMA: 5668
20DEMA: 5749
50DEMA: 5829
RSI (14 days): 37.46
Parabolic SAR: 5721
Supports: 5565 - 5518- 5478
Resistance: 5652 - 5692 - 5739

Nifty Future VIX Range: 5547 - 5670
Nifty Future VWAP: 5618.80
MP Values Nifty Future: VAH - 5638, POC - 5614, VAL – 5590

TARGET NIFTY
Buy Nifty Future above 5626 - 5645 - 5680 - 5725 SL - 5613
Sell Nifty Future below 5608 - 5590 - 5555 - 5510 SL - 5624

BANKNIFTY TECHNICAL

Current Spot: 9711.40
Pivot: 9745
5DEMA: 9827
10DEMA: 10022
20DEMA: 10387
50DEMA: 11075
RSI (14 days): 29.38
Parabolic SAR: 10139
Supports: 9636 - 9560 - 9451
Resistance: 9821 - 9930 - 10005

Bank Nifty Future VIX Range: 9519 - 9891
Bank Nifty Future VWAP: 9794.20
MP Values Bank Nifty Future: VAH - 9885, POC - 9820, VAL - 9755

TARGET BANKNIFTY
Buy BankNifty Future above 9821 - 9885 - 10040 - 10130 SL - 9755
Sell BankNifty Future below 9727 – 9655 - 9555 - 9450 SL - 9820

INTRADAY TRADE
Reliance: Buy above 857 for targets of 863, 882 SL 851
Reliance: Sell below 842 for targets of 836, 825 SL 855
Lichsgfin: Buy above 176.5 for targets of 178.5, 182 SL 173.5
YesBank: Buy above 304 for targets of 308, 315 SL 297

SCORE SHEET
Tatasteel: Buy above 220 for targets of 222, 226 SL 216: Target 239.45 done
CenturyTex: Buy above 215 for targets of 217, 221 SL 211: Target 221.80 done

POSITIONAL TRADE
Jindalstel: Buy above 229 for target of 241 SL 221 (2-3 Days)
Nhpc: Buy above 16.7 for target of 17.8 SL 16.1 (1 Week)

Thanks and Regards

S&P Wealth Creators