Market outlook for 22/08/2013

Nifty closed down 98.90 points (1.83%) at 5302.55 while Nifty Future closed at 5291.60, discount of 10.95 points.
Bank Nifty closed up 45.45 points (0.49%) at 9264.40 while Future closed at 9255.35, a discount of 9.05 points.

• FII sold in Cash (Net sell 792.11 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 1286.38 Crore)
• DII bought in Cash (Net buy 775.45 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5400 and 5300.
• Advance Decline for the day was 427:863.
• McClellan's oscillator for NSE at -2.

NIFTY TECHNICAL

Current Spot: 5302.55
Pivot: 5358
5DEMA: 5434
10DEMA: 5523
20DEMA: 5630
50DEMA: 5767
RSI (14 days): 28.08
Parabolic SAR: 5727
Supports: 5213 - 5123- 4977
Resistance: 5448 - 5594 - 5684

Nifty Future VIX Range: 5230 - 5390
Nifty Future VWAP: 5378.11
MP Values Nifty Future: VAH - 5391, POC - 5311, VAL – 5258

TARGET NIFTY
Buy Nifty Future above 5353 - 5390 - 5450 - 5550 SL - 5311
Sell Nifty Future below 5284 - 5245 - 5180 - 5080 SL - 5352

BANKNIFTY TECHNICAL

Current Spot: 9264.40
Pivot: 9387
5DEMA: 9386
10DEMA: 9599
20DEMA: 9971
50DEMA: 10768
RSI (14 days): 29.98
Parabolic SAR: 9935
Supports: 9007 - 8750 - 8370
Resistance: 9644 - 10023 - 10281

Bank Nifty Future VIX Range: 9107 - 9536
Bank Nifty Future VWAP: 9489.63
MP Values Bank Nifty Future: VAH - 9574, POC - 9333, VAL - 9119

TARGET BANKNIFTY
Buy BankNifty Future above 9396 - 9520 - 9700 - 9900 SL - 9333
Sell BankNifty Future below 9247 - 9120 - 8950 - 8700 SL - 9394

INTRADAY TRADE
Reliance: Buy above 803 for targets of 812, 835 SL 797
Reliance: Sell below 781 for targets of 772, 756 SL 801
Titan: Buy above 225 for targets of 228, 233 SL 222
YesBank: Buy above 265 for targets of 268, 275 SL 261

SCORE SHEET

POSITIONAL TRADE
Pel: Buy above 590 for target of 606 SL 584 (2-3 Days)
AmtekIndia: Buy above 66.5 for target of 71 SL 65 (1 Week)

Thanks and Regards

S&P Wealth Creators