Market outlook for 07/06/2012

Nifty closed up 133.80 points (2.75%) at 4997.10 while Nifty Future closed at 4978.60, discount of 18.50 points.
Bank Nifty closed up 282.65 points (2.99%) at 9742.80 while Future closed at 9671.25, discount of 71.55 points.

• FII bought in Cash (Net buy 269.21 Crore)
• FII bought in index option, stock future but sol small in index future (Net buy 1433.91 Crore)
• DII bought in Cash (Net buy 489.14 Crore)
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 4900 and 4800.
• Advance Decline for the day was 1147:311.

NIFTY TECHNICAL

Current Spot: 4997.10
Pivot: 4965
5DEMA: 4919
10DEMA: 4917
20DEMA: 4947
50DEMA: 5048
RSI (14 days): 52.11
Parabolic SAR: 4770
Supports: 4919 - 4840 - 4794
Resistance: 5043 - 5089 - 5167
CAM Support: 4986 - 4974 - 4963 - 4929
CAM Resistance: 5008 - 5020 - 5031 - 5065
Nifty Future VIX Range: 4918 - 5039

Nifty Future VWAP: 4939.79
MP Values Nifty Future: VAH - 4958, POC - 4925, VAL - 4892

TARGET NIFTY
Buy Nifty Future above 4982 - 5014 - 5050 - 5115 SL - 4947
Sell Nifty Future below 4942 - 4915 - 4850 - 4815 SL - 4959

BANKNIFTY TECHNICAL

Current Spot: 9742.80
Pivot: 9677
5DEMA: 9531
10DEMA: 9494
20DEMA: 9532
50DEMA: 9751
RSI (14 days): 54.75
Parabolic SAR: 9110
Supports: 9584 - 9426 - 9333
Resistance: 9836 - 9929 - 10088
CAM Support: 9720 - 9697 - 9674 - 9604
CAM Resistance: 9766 - 9789 - 9812 - 9881
Bank Nifty Future VIX Range: 9508 - 9834

Bank Nifty Future VWAP: 9591.06
MP Values Bank Nifty Future: VAH - 9629, POC - 9565, VAL - 9501

TARGET BANKNIFTY
Buy BankNifty Future above 9679 - 9755 - 9850 - 9990 SL - 9600
Sell BankNifty Future below 9590 - 9525 - 9370 - 9280 SL - 9620

INTRADAY TRADE
Reliance Industries: Buy above 718 for targets of 721, 727, 736 SL 709
Reliance Industries: Sell below 707 for targets of 704, 694, 687 SL 713
Star: Buy above 740 for targets of 749, 762 SL 726
Riil: Buy above 405 for targets of 410, 420 SL 399

SCORE SHEET
Mcleodruss: Buy above 290 for targets of 293, 300 SL 285: Target 295.75 done
Relinfra: Buy above 452 for targets of 456, 463 SL 449: Target 473.00 done

POSITIONAL TRADE
TataMotors: Buy above 235 for target of 244 SL 231 (2-3 Days)
Jaicorp: Buy above 59.5 for target of 65 SL 58 (1 Week)

Thanks and Regards

S&P Wealth Creators