Market outlook for 14/06/2012

Nifty closed up 5.55 points (0.11%) at 5121.45 while Nifty Future closed at 5123.00, premium of 1.55 points.
Bank Nifty closed down 11.05 points (0.11%) at10128.15 while Future closed at 10068.10, discount of 60.05 points.

• FII bought in Cash (Net buy 217.68 Crore)
• FII bought in index future but sold in index option, stock future (Net buy 756.12 Crore)
• DII bought in Cash (Net buy 76.87 Crore)
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 688:718.

NIFTY TECHNICAL

Current Spot: 5121.45
Pivot: 5121
5DEMA: 5074
10DEMA: 5026
20DEMA: 5002
50DEMA: 5069
RSI (14 days): 60.71
Parabolic SAR: 4865
Supports: 5096 - 5071 - 5047
Resistance: 5146 - 5170 - 5195
CAM Support: 5117 - 5112 - 5108 - 5094
CAM Resistance: 5126 - 5130 - 5135 - 5149
Nifty Future VIX Range: 5065 - 5181

Nifty Future VWAP: 5120.86
MP Values Nifty Future: VAH - 5131, POC - 5119, VAL - 5107

TARGET NIFTY
Buy Nifty Future above 5127 - 5146 - 5170 - 5200 SL - 5113
Sell Nifty Future below 5112 - 5097 - 5070 - 5045 SL - 5122

BANKNIFTY TECHNICAL

Current Spot:10128.15
Pivot: 10143
5DEMA: 10004
10DEMA: 9851
20DEMA: 9735
50DEMA: 9847
RSI (14 days): 62.78
Parabolic SAR: 9372
Supports: 10061 - 9993 - 9911
Resistance: 10210 - 10292 - 10359
CAM Support: 10114 - 10101 - 10087 - 10046
CAM Resistance: 10142 - 10156 - 10169 - 10210
Bank Nifty Future VIX Range: 9906 - 10230

Bank Nifty Future VWAP: 10086.01
MP Values Bank Nifty Future: VAH - 10124, POC - 10088, VAL - 10052

TARGET BANKNIFTY
Buy BankNifty Future above 10087 - 10145 - 10230 - 10300 SL - 10064
Sell BankNifty Future below 10053 - 10000 - 9930 - 9845 SL - 10084

INTRADAY TRADE
Reliance Industries: Buy above 721 for targets of 723, 727, 732 SL 716
Reliance Industries: Sell below 714 for targets of 712, 708, 703 SL 719
Goenka: Buy above 175 for targets of 178, 182 SL 170
Speciality: Buy above 220 for targets of 224, 230 SL 215

SCORE SHEET
Jyothylab: Buy above 222.40 for targets of 225, 228 SL 220: Target 233.50 done
Syndibank: Buy above 102.50 for targets of 104, 106 SL 101: Target 103.85 done

POSITIONAL TRADE
Hindoilexp: Buy above 122 for target of 130 SL 118 (2-3 Days)
IRB: Buy above 128 for target of 140 SL 125 (1 Week)

Thanks and Regards

S&P Wealth Creators