Market outlook for 15/06/2012

Nifty closed down 66.70 points (1.30%) at 5054.75 while Nifty Future closed at 5054.10, discount of 0.65 points.
Bank Nifty closed down 291.20 points (2.88%) at 9836.95 while Future closed at 9834.25, discount of 2.70 points.

• FII bought in Cash (Net buy 105.08 Crore)
• DII bought in Cash (Net buy 282.83 Crore)
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 430:1029.

NIFTY TECHNICAL

Current Spot: 5054.75
Pivot: 5077
5DEMA: 5067
10DEMA: 5032
20DEMA: 5007
50DEMA: 5071
RSI (14 days): 53.58
Parabolic SAR: 4899
Supports: 5025 - 4995 - 4943
Resistance: 5107 - 5160 - 5190
CAM Support: 5047 - 5040 - 5032 - 5009
CAM Resistance: 5062 - 5070 - 5077 - 5100
Nifty Future VIX Range: 4996 - 5112

Nifty Future VWAP: 5091.33
MP Values Nifty Future: VAH - 5138, POC - 5110, VAL - 5081

TARGET NIFTY
Buy Nifty Future above 5083 - 5111 - 5170 - 5200 SL - 5073
Sell Nifty Future below 5047 - 5023 - 4990 - 4935 SL - 5082

BANKNIFTY TECHNICAL

Current Spot:9836.95
Pivot: 9916
5DEMA: 9948
10DEMA: 9848
20DEMA: 9745
50DEMA: 9862
RSI (14 days): 52.49
Parabolic SAR: 9458
Supports: 9735 - 9633 - 9452
Resistance: 10018 - 10199 - 10301
CAM Support: 9811 - 9785 - 9759 - 9681
CAM Resistance: 9863 - 9889 - 9915 - 9993
Bank Nifty Future VIX Range: 9671 - 9998

Bank Nifty Future VWAP: 9954.20
MP Values Bank Nifty Future: VAH - 10092, POC - 10016, VAL - 9929

TARGET BANKNIFTY
Buy BankNifty Future above 9923 - 10005 - 10180 - 10280 SL - 9901
Sell BankNifty Future below 9819 - 9741 - 9645 - 9465 SL - 9921

INTRADAY TRADE
Reliance Industries: Buy above 718 for targets of 720, 724, 729 SL 714
Reliance Industries: Sell below 712 for targets of 710, 707, 703 SL 718
SunTv: Buy above 264 for targets of 267, 274 SL 261
Hindcopper: Buy above 265 for targets of 268, 275 SL 261

SCORE SHEET
Goenka: Buy above 175 for targets of 178, 182 SL 170: Target 177.80 done
Speciality: Buy above 220 for targets of 224, 230 SL 215: Target 226.80 done

POSITIONAL TRADE
Vguard: Buy above 246 for target of 255 SL 242 (2-3 Days)
JkTyre: Buy above 84.5 for target of 90 SL 82.5 (1 Week)

Thanks and Regards

S&P Wealth Creators