Market outlook for 15/06/10

Nifty rose 78.35 points (+1.53%) to 5197.70 whilst Nifty June Future closed at 5204.80 premium of 7.1 points.

• FII bought in Cash (Net buy 347.80 Crore)
• FII bought in index futures and index options (Net buy 1814 Crore)
• DII sold in Cash (Net sell 41.43 Crore)
• US market ended in Green.
• Global cues are Positive.
• SGX nifty is Flat as of now.
• Most Active Nifty June Call Option: 5200 and 5100.
• Most Active Nifty June Put Options: 5100 and 5000.
• Advance Decline for the day was 943:359

NIFTY Technical

Current Spot: 5197.70
Pivot: 5180
3DEMA: 5140
7DEMA: 5094
20DEMA: 5067
100DEMA: 5132
RSI (7 days): 67.55
Parabolic SAR: 5010
Supports: 5158 - 5119
Resistance: 5219 - 5241

MP Values Spot: VAH - 5173, POC - 5164, VAL - 5143
MP Values Futures: VAH - 5171, POC - 5163, VAL - 5144

Target Nifty
Buy Nifty above 5209 - 5227 - 5252 - 5298 SL - 5181
Sell Nifty below 5176 - 5162 - 5116 - 5091 SL - 5187

Stock Ideas for the Day
Reliance Industries: Buy above 1066 for targets of 1070, 1079, 1091 SL of 1058
Reliance Industries: Sell below 1056 for targets of 1052, 1043, 1033 SL of 1064
Pipavav Shipyard: Buy above 96.5 for target of 98, 99.7 SL 95
REC: Buy above 294 for target of 297, 301 SL 287

Positional Call
JaiCorp: Buy above 264 for target of 292 SL 251 (One Week)
ENIL: Buy above 250 for target of 280 SL 242 (One Month)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators

Call 09831497250 or mail us @ S&P Wealth Creators with your Name and Mobile No. for subscription offer of intraday calls during Market hours.