Market outlook for 29/08/2013

Nifty closed down 2.45 points (0.05%) at 5285.00 while Nifty Future closed at 5288.95, premium of 3.95 points.
Bank Nifty closed down 109.65 points (1.24%) at 8760.85 while Future closed at 8747.20, a discount of 13.65 points.

• FII sold in Cash (Net sell 1120.43 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 783.99 Crore)
• DII bought in Cash (Net buy 506.78 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 417:885.
• McClellan's oscillator for NSE at -1.

NIFTY TECHNICAL

Current Spot: 5285.00
Pivot: 5241
5DEMA: 5360
10DEMA: 5425
20DEMA: 5530
50DEMA: 5698
RSI (14 days): 32.78
Parabolic SAR: 5561
Supports: 5163 - 5042- 4964
Resistance: 5362 - 5439 - 5561

Nifty Future VIX Range: 5188 - 5358
Nifty Future VWAP: 5204.00
MP Values Nifty Future: VAH - 5222, POC - 5171, VAL – 5120

TARGET NIFTY
Buy Nifty Future above 5293 - 5340 - 5400 - 5490 SL - 5237
Sell Nifty Future below 5231 - 5185 - 5125 - 5050 SL - 5249

BANKNIFTY TECHNICAL

Current Spot: 8760.85
Pivot: 8666
5DEMA: 9062
10DEMA: 9271
20DEMA: 9634
50DEMA: 10465
RSI (14 days): 26.61
Parabolic SAR: 9592
Supports: 8462 - 8163 - 7959
Resistance: 8965 - 9169 - 9468

Bank Nifty Future VIX Range: 8523 - 8947
Bank Nifty Future VWAP: 8601.41
MP Values Bank Nifty Future: VAH - 8714, POC - 8581, VAL - 8448

TARGET BANKNIFTY
Buy BankNifty Future above 8755 - 8850 - 9000 - 9200 SL - 8646
Sell BankNifty Future below 8637 - 8550 - 8400 - 8200 SL - 8715

INTRADAY TRADE
Reliance: Buy above 814 for targets of 821, 835 SL 796
Reliance: Sell below 794 for targets of 785, 770 SL 801
Wipro: Buy above 473 for targets of 476, 483 SL 467
Cairn: Buy above 327 for targets of 330, 336 SL 322

SCORE SHEET
Infy: Sell below 3039 for targets of 3018, 3000 SL 3065: Call not Active
Justdial: Buy above 684 for targets of 692, 705 SL 672: Call not Active

POSITIONAL TRADE
Star: Buy above 891 for target of 925 SL 873 (2-3 Days)
Sail: Buy above 48 for target of 53 SL 46 (1 Week)

Thanks and Regards

S&P Wealth Creators