Market outlook for 13/06/2012

Nifty closed up 61.80 points (1.22%) at 5115.90 while Nifty Future closed at 5126.45, premium of 10.55 points.
Bank Nifty closed up 170.00 points (1.71%) at10139.20 while Future closed at 10101.70, discount of 37.50 points.

• FII sold in Cash (Net sell 56.60 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 310.75 Crore)
• DII sold in Cash (Net sell 54.21 Crore)
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5000 and 4900.
• Advance Decline for the day was 756:660.

NIFTY TECHNICAL

Current Spot: 5115.90
Pivot: 5087
5DEMA: 5050
10DEMA: 5005
20DEMA: 4989
50DEMA: 5062
RSI (14 days): 60.48
Parabolic SAR: 4834
Supports: 5044 - 4973 - 4931
Resistance: 5158 - 5200 - 5272
CAM Support: 5105 - 5095 - 5085 - 5053
CAM Resistance: 5126 - 5137 - 5147 - 5178
Nifty Future VIX Range: 5067 - 5186

Nifty Future VWAP: 5081.05
MP Values Nifty Future: VAH - 5119, POC - 5080, VAL - 5041

TARGET NIFTY
Buy Nifty Future above 5130 - 5166 - 5205 - 5270 SL - 5093
Sell Nifty Future below 5088 - 5056 - 4985 - 4940 SL - 5113

BANKNIFTY TECHNICAL

Current Spot:10139.20
Pivot: 10063
5DEMA: 9942
10DEMA: 9789
20DEMA: 9694
50DEMA: 9831
RSI (14 days): 63.31
Parabolic SAR: 9298
Supports: 9970 - 9800 - 9707
Resistance: 10233 - 10326 - 10496
CAM Support: 10115 - 10091 - 10067 - 9995
CAM Resistance: 10163 - 10187 - 10212 - 10284
Bank Nifty Future VIX Range: 9935 - 10269

Bank Nifty Future VWAP: 9987.76
MP Values Bank Nifty Future: VAH - 10089, POC - 100055, VAL - 9921

TARGET BANKNIFTY
Buy BankNifty Future above 10109 - 10210 - 10320 - 10470 SL - 10005
Sell BankNifty Future below 9995 - 9905 - 9700 - 9590 SL - 10055

INTRADAY TRADE
Reliance Industries: Buy above 725 for targets of 727, 731, 737 SL 719
Reliance Industries: Sell below 718 for targets of 716, 712, 706 SL 723
Jyothylab: Buy above 222.40 for targets of 225, 228 SL 220
Syndibank: Buy above 102.50 for targets of 104, 106 SL 101

SCORE SHEET
Hindunilvr: Buy above 440 for targets of 443, 447 SL 433: Call not active
CoalIndia: Buy above 336 for targets of 340, 346 SL 332: SL Hit

POSITIONAL TRADE
Bajaj-auto: Buy above 1567 for target of 1598 SL 1553 (2-3 Days)
Raymond: Buy above 384 for target of 403 SL 379 (1 Week)

Thanks and Regards

S&P Wealth Creators