Market outlook for 30/08/2013

Nifty closed up 124.05 points (2.35%) at 5409.05 while Nifty Future closed at 5415.15, premium of 6.10 points.
Bank Nifty closed up 143.75 points (1.64%) at 8904.60 while Future closed at 8942.55, a premium of 37.95 points.

• FII sold in Cash (Net sell 248.18 Crore)
• FII bought in stock future, index future but sold in index option (Net buy 1262.67 Crore)
• DII sold in Cash (Net sell 75.80 Crore)
• Most Active Nifty Call Option: 5400 and 5500.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 782:498.
• McClellan's oscillator for NSE at +16.

NIFTY TECHNICAL

Current Spot: 5409.05
Pivot: 5380
5DEMA: 5376
10DEMA: 5422
20DEMA: 5519
50DEMA: 5686
RSI (14 days): 41.09
Parabolic SAR: 5517
Supports: 5332 - 5254- 5206
Resistance: 5458 - 5506 - 5584
Nifty Future VIX Range: 5301 - 5479
Nifty Future VWAP: 5383.41
MP Values Nifty Future: VAH - 5431, POC - 5397, VAL – 5363

TARGET NIFTY
Buy Nifty Future above 5419 - 5455 - 5495 - 5560 SL - 5389
Sell Nifty Future below 5383 - 5350 - 5305 - 5240 SL - 5398

BANKNIFTY TECHNICAL

Current Spot: 8904.60
Pivot: 8874
5DEMA: 9009
10DEMA: 9205
20DEMA: 9564
50DEMA: 10397
RSI (14 days): 30.81
Parabolic SAR: 9469
Supports: 8790 - 8676 - 8592
Resistance: 8989 - 9073 - 9187
Bank Nifty Future VIX Range: 8722 - 9150
Bank Nifty Future VWAP: 8917.26
MP Values Bank Nifty Future: VAH - 8973, POC - 8927, VAL - 8881

TARGET BANKNIFTY
Buy BankNifty Future above 8949 - 9015 - 9085 - 9190 SL - 8906
Sell BankNifty Future below 8897 - 8840 - 8765 - 8655 SL - 8928

INTRADAY TRADE
Reliance: Buy above 847 for targets of 855, 868 SL 835
Reliance: Sell below 833 for targets of 825, 812 SL 839
Hdfc: Buy above 700 for targets of 708, 721 SL 684
SesaGoa: Buy above 193 for targets of 196, 205 SL 187

SCORE SHEET
Wipro: Buy above 473 for targets of 476, 483 SL 467: Target 479.90 done
Cairn: Buy above 327 for targets of 330, 336 SL 322: Target 331.50 done

POSITIONAL TRADE
Idea: Buy above 160 for target of 168 SL 156 (2-3 Days)
Nmdc: Buy above 121 for target of 127 SL 118 (1 Week)

Thanks and Regards

S&P Wealth Creators