Market outlook for 14/08/2013

Nifty closed up 86.90 points (1.55%) at 5699.30 while Nifty Future closed at 5711.35, premium of 12.05 points.
Bank Nifty closed up 274.25 points (2.82%) at 9985.65 while Future closed at 10023.85 premium of 38.20 points.

• FII bought in Cash (Net buy 227.08 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 847.29 Crore)
• DII bought in Cash (Net buy 115.29 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 807:378.
• McClellan's oscillator for NSE at +43.

NIFTY TECHNICAL

Current Spot: 5699.30
Pivot: 5661
5DEMA: 5636
10DEMA: 5674
20DEMA: 5744
50DEMA: 5824
RSI (14 days): 44.82
Parabolic SAR: 5705
Supports: 5617 - 5535- 5491
Resistance: 5743 - 5787 - 5869

Nifty Future VIX Range: 5649 - 5779
Nifty Future VWAP: 5671.90
MP Values Nifty Future: VAH - 5715, POC - 5685, VAL – 5642

TARGET NIFTY
Buy Nifty Future above 5716 - 5745 - 5780 - 5825 SL - 5684
Sell Nifty Future below 5664 - 5635 - 5600 - 5545 SL - 5686

BANKNIFTY TECHNICAL

Current Spot: 9985.65
Pivot: 9859
5DEMA: 9880
10DEMA: 10016
20DEMA: 10349
50DEMA: 11032
RSI (14 days): 37.47
Parabolic SAR: 10039
Supports: 9710 - 9434 - 9285
Resistance: 10135 - 10284 - 10560

Bank Nifty Future VIX Range: 9828 - 10228
Bank Nifty Future VWAP: 9869.07
MP Values Bank Nifty Future: VAH - 9920, POC - 9795, VAL - 9670

TARGET BANKNIFTY
Buy BankNifty Future above 10031 - 10130 - 10240 - 10350 SL - 9892
Sell BankNifty Future below 9882 – 9790 - 9675 - 9560 SL - 9920

INTRADAY TRADE
Reliance: Buy above 855 for targets of 861, 872 SL 847
Reliance: Sell below 845 for targets of 839, 828 SL 851
Idea: Buy above 170 for targets of 171.5, 174 SL 167
Marico: Buy above 214 for targets of 216, 220 SL 209

SCORE SHEET
Lichsgfin: Buy above 176.5 for targets of 178.5, 182 SL 173.5: Target 179.30 done
YesBank: Buy above 304 for targets of 308, 315 SL 297: Target 318.40 done

POSITIONAL TRADE
TechM: Buy above 1335 for target of 1370 SL 1313 (2-3 Days)
Idfc: Buy above 113 for target of 120 SL 110 (1 Week)

Thanks and Regards

S&P Wealth Creators