Market outlook for 12/08/11

NIFTY NEXT TREND REVERSE LEVEL 4930(NOW WE ARE STILL LONG)

TODAYS LEVEL

07/08/2011

Strong Bullish Above 5121.64 Strong Bearish Below 4961.21

NIFTY Trigger Price Target 1 Target 2 Stop Loss Buy Above 5121.64 5132

Market outlook for 12/08/11

Nifty closed down 22.70 points (0.44%) at 5138.30 while Nifty Future closed at 5137.25, discount of 1.05 points.
Bank Nifty closed down 124.40 points (1.19%) at 10338.90 while Future closed at 10344.05, premium of 5.25 points.

• FII sold in Cash (Net sell 59.79 Crore)
• FII sold in index future, stock future but bought index option (Net sell 72.07 Crore)
• II bought in Cash (Net buy 266.25 Crore)
• US futures are trading in Green.
• Global cues are flat to positive.
• SGX nifty is in flat to positive as of now.
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 623:817.
• TARGET NIFTY
  Buy Nifty Future above 5153 - 5173 - 5211 - 5238 SL - 5142
  Sell Nifty Future below 5130 - 5113 - 5086 - 5048 SL - 5151
• sell target achived today open 5175 so we are dnt take any long postion .....