Market outlook for 26/08/2013

Nifty closed up 63.30 points (1.17%) at 5471.75 while Nifty Future closed at 5460.70, discount of 11.05 points.
Bank Nifty closed up 201.20 points (2.17%) at 9470.10 while Future closed at 9455.70, a discount of 14.40 points.

• FII sold in Cash (Net sell 148.57 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 723.22 Crore)
• DII bought in Cash (Net buy 755.87 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5400 and 5300.
• Advance Decline for the day was 805:475.
• McClellan's oscillator for NSE at +32.

NIFTY TECHNICAL

Current Spot: 5471.75
Pivot: 5443
5DEMA: 5441
10DEMA: 5497
20DEMA: 5596
50DEMA: 5732
RSI (14 days): 40.33
Parabolic SAR: 5663
Supports: 5407 - 5342- 5306
Resistance: 5508 - 5544 - 5609

Nifty Future VIX Range: 5381 - 5548
Nifty Future VWAP: 5426.23
MP Values Nifty Future: VAH - 5447, POC - 5419, VAL – 5391

TARGET NIFTY
Buy Nifty Future above 5465 - 5490 - 5520 - 5575 SL - 5430
Sell Nifty Future below 5425 - 5400 - 5370 - 5320 SL - 5446

BANKNIFTY TECHNICAL

Current Spot: 9470.10
Pivot: 9393
5DEMA: 9388
10DEMA: 9527
20DEMA: 9862
50DEMA: 10639
RSI (14 days): 36.04
Parabolic SAR: 9810
Supports: 9293 - 9115 - 9015
Resistance: 9571 - 9671 - 9849

Bank Nifty Future VIX Range: 9239 - 9656
Bank Nifty Future VWAP: 9387.24
MP Values Bank Nifty Future: VAH - 9475, POC - 9419, VAL - 9343

TARGET BANKNIFTY
Buy BankNifty Future above 9465 - 9540 - 9640 - 9780 SL - 9381
Sell BankNifty Future below 9371 - 9300 - 9200 - 9060 SL - 9401

INTRADAY TRADE
Reliance: Buy above 822 for targets of 828, 839 SL 816
Reliance: Sell below 813 for targets of 807, 797 SL 820
Yesbank: Buy above 262 for targets of 265, 270 SL 257
Jindalstel: Buy above 242 for targets of 245, 250 SL 239

SCORE SHEET
JswSteel: Buy above 550 for targets of 555, 570 SL 539: Target 554.65 done
TataMotors: Buy above 293 for targets of 296, 300 SL 290: Target 304.60 done

POSITIONAL TRADE
Ubl: Buy above 760 for target of 825 SL 727 (2-3 Days)
Bhel: Buy above 117 for target of 126 SL 113 (1 Week)

Thanks and Regards

S&P Wealth Creators