Market outlook for 27/08/2013

Nifty closed up 4.75 points (0.09%) at 5476.50 while Nifty Future closed at 5467.10, discount of 9.40 points.
Bank Nifty closed down 96.55 points (1.02%) at 9373.55 while Future closed at 9355.15, a discount of 18.40 points.

• FII sold in Cash (Net sell 607.43 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 1316.70 Crore)
• DII bought in Cash (Net buy 409.99 Crore)
• Most Active Nifty Call Option: 5500 and 5600.
• Most Active Nifty Put Options: 5500 and 5400.
• Advance Decline for the day was 758:563.
• McClellan's oscillator for NSE at +41.

NIFTY TECHNICAL

Current Spot: 5476.50
Pivot: 5487
5DEMA: 5453
10DEMA: 5493
20DEMA: 5585
50DEMA: 5730
RSI (14 days): 40.45
Parabolic SAR: 5630
Supports: 5444 - 5412- 5370
Resistance: 5519 - 5561 - 5593

Nifty Future VIX Range: 5374 - 5536
Nifty Future VWAP: 5486.97
MP Values Nifty Future: VAH - 5503, POC - 5481, VAL – 5459

TARGET NIFTY
Buy Nifty Future above 5483 - 5510 - 5550 - 5595 SL - 5476
Sell Nifty Future below 5459 - 5435 - 5395 - 5355 SL - 5482

BANKNIFTY TECHNICAL

Current Spot: 9373.55
Pivot: 9418
5DEMA: 9383
10DEMA: 9499
20DEMA: 9816
50DEMA: 10604
RSI (14 days): 34.36
Parabolic SAR: 9753
Supports: 9250 - 9125 - 8957
Resistance: 9542 - 9711 - 9835

Bank Nifty Future VIX Range: 9134 - 9536
Bank Nifty Future VWAP: 9418.87
MP Values Bank Nifty Future: VAH - 9473, POC - 9397, VAL - 9321

TARGET BANKNIFTY
Buy BankNifty Future above 9415 - 9500 - 9630 - 9780 SL - 9397
Sell BankNifty Future below 9341 - 9255 - 9125 - 8990 SL - 9413

INTRADAY TRADE
Reliance: Buy above 825 for targets of 831, 842 SL 819
Reliance: Sell below 817 for targets of 811, 800 SL 823
LicHsgfin: Buy above 177 for targets of 179, 182 SL 174
SesaGoa: Buy above 169 for targets of 171, 175 SL 164

SCORE SHEET
Yesbank: Buy above 262 for targets of 265, 270 SL 257: Target 267.40 done
Jindalstel: Buy above 242 for targets of 245, 250 SL 239: Target 247.80 done

POSITIONAL TRADE
Vtl: Buy above 322 for target of 340 SL 315 (2-3 Days)
Sci: Buy above 33 for target of 36 SL 32 (1 Week)

Thanks and Regards

S&P Wealth Creators