Market outlook for 16/08/2013

Nifty closed up 43.00 points (0.75%) at 5742.30 while Nifty Future closed at 5748.30, premium of 6.00 points.
Bank Nifty closed up 40.75 points (0.41%) at 10026.40 while Future closed at 10039.80 premium of 13.40 points.

• FII bought in Cash (Net buy 247.96 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 1555.56 Crore)
• DII bought in Cash (Net buy 249.28 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 673:513.
• McClellan's oscillator for NSE at +51.

NIFTY TECHNICAL

Current Spot: 5742.30
Pivot: 5729
5DEMA: 5671
10DEMA: 5686
20DEMA: 5744
50DEMA: 5822
RSI (14 days): 48.06
Parabolic SAR: 5487
Supports: 5703 - 5665- 5639
Resistance: 5768 - 5793 - 5832

Nifty Future VIX Range: 5693 - 5822
Nifty Future VWAP: 5726.19
MP Values Nifty Future: VAH - 5742, POC - 5728, VAL – 5714

TARGET NIFTY
Buy Nifty Future above 5753 - 5770 - 5795 - 5830 SL - 5728
Sell Nifty Future below 5727 - 5715 - 5690 - 5655 SL - 5743

BANKNIFTY TECHNICAL

Current Spot: 10026.40
Pivot: 10003
5DEMA: 9929
10DEMA: 10018
20DEMA: 10318
50DEMA: 10994
RSI (14 days): 38.60
Parabolic SAR: 9583
Supports: 9935 - 9844 - 9777
Resistance: 10094 - 10162 - 10253

Bank Nifty Future VIX Range: 9829 - 10215
Bank Nifty Future VWAP: 10012.77
MP Values Bank Nifty Future: VAH - 10050, POC - 10012, VAL - 9974

TARGET BANKNIFTY
Buy BankNifty Future above 10050 - 10110 - 10190 - 10270 SL - 10010
Sell BankNifty Future below 10005 - 9950 - 9870 - 9780 SL - 10048

INTRADAY TRADE
Reliance: Buy above 867 for targets of 871, 879 SL 858
Reliance: Sell below 856 for targets of 852, 842 SL 862
Dlf: Buy above 160 for targets of 162, 166 SL 157
Tatacomm: Buy above 166 for targets of 168, 172 SL 163

SCORE SHEET
Idea: Buy above 170 for targets of 171.5, 174 SL 167: Target 174.50 done
Marico: Buy above 214 for targets of 216, 220 SL 209: Target 216.85 done

POSITIONAL TRADE
Vipind: Buy above 46.5 for target of 50 SL 45 (2-3 Days)
Tatamtrdvr: Buy above 149 for target of 158 SL 145 (1 Week)

Thanks and Regards

S&P Wealth Creators