Market outlook for 23/08/2013

Nifty closed up 105.90 points (2.00%) at 5408.45 while Nifty Future closed at 5414.30, premium of 5.85 points.
Bank Nifty closed up 4.50 points (0.05%) at 9268.90 while Future closed at 9307.60, a premium of 38.70 points.

• FII sold huge in Cash (Net sell 1277.64 Crore)
• FII sold in index future but bought in stock future, index option (Net sell 326.80 Crore)
• DII bought in Cash (Net buy 389.66 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 762:526.
• McClellan's oscillator for NSE at +14.

NIFTY TECHNICAL

Current Spot: 5408.45
Pivot: 5360
5DEMA: 5426
10DEMA: 5502
20DEMA: 5609
50DEMA: 5751
RSI (14 days): 36.01
Parabolic SAR: 5698
Supports: 5302 - 5196- 5137
Resistance: 5467 - 5525 - 5632

Nifty Future VIX Range: 5326 - 5496
Nifty Future VWAP: 5343.47
MP Values Nifty Future: VAH - 5371, POC - 5305, VAL – 5259

TARGET NIFTY
Buy Nifty Future above 5418 - 5465 - 5520 - 5595 SL - 5370
Sell Nifty Future below 5355 - 5305 - 5250 - 5180 SL - 5372

BANKNIFTY TECHNICAL

Current Spot: 9268.90
Pivot: 9216
5DEMA: 9347
10DEMA: 9539
20DEMA: 9904
50DEMA: 10704
RSI (14 days): 30.12
Parabolic SAR: 9871
Supports: 9058 - 8847 - 8690
Resistance: 9427 - 9585 - 9795

Bank Nifty Future VIX Range: 9116 - 9534
Bank Nifty Future VWAP: 9233.08
MP Values Bank Nifty Future: VAH - 9399, POC - 9291, VAL - 9181

TARGET BANKNIFTY
Buy BankNifty Future above 9315 - 9450 - 9600 - 9800 SL - 9241
Sell BankNifty Future below 9234 - 9100 - 8950 - 8750 SL - 9291

INTRADAY TRADE
Reliance: Buy above 808 for targets of 815, 830 SL 794
Reliance: Sell below 792 for targets of 785, 770 SL 799
JswSteel: Buy above 550 for targets of 555, 570 SL 539
TataMotors: Buy above 293 for targets of 296, 300 SL 290

SCORE SHEET
Titan: Buy above 225 for targets of 228, 233 SL 222: Target 228.70 done
YesBank: Buy above 265 for targets of 268, 275 SL 261: Call not active

POSITIONAL TRADE
Recltd: Buy above 181 for target of 187 SL 177 (2-3 Days)
Nmdc: Buy above 118 for target of 126 SL 115 (1 Week)

Thanks and Regards

S&P Wealth Creators