Market outlook for 18/06/2012

Nifty closed up 84.30 points (1.67%) at 5139.05 while Nifty Future closed at 5147.70, premium of 8.65 points.
Bank Nifty closed up 227.85 points (2.32%) at 10064.80 while Future closed at 10060.85, discount of 3.95 points.

• FII bought in Cash (Net buy 339.00 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 258.16 Crore)
• DII sold in Cash (Net sell 120.67 Crore)
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 823:612.

NIFTY TECHNICAL

Current Spot: 5139.05
Pivot: 5118
5DEMA: 5091
10DEMA: 5051
20DEMA: 5019
50DEMA: 5063
RSI (14 days): 60.18
Parabolic SAR: 4929
Supports: 5090 - 5041 - 5013
Resistance: 5167 - 5195 - 5244
CAM Support: 5132 - 5125 - 5118 - 5097
CAM Resistance: 5146 - 5153 - 5160 - 5181
Nifty Future VIX Range: 5086 - 5209

Nifty Future VWAP: 5119.52
MP Values Nifty Future: VAH - 5144, POC - 5117, VAL - 5090

TARGET NIFTY
Buy Nifty Future above 5152 - 5176 - 5205 - 5255 SL - 5123
Sell Nifty Future below 5118 - 5098 - 5045 - 5015 SL - 5132

BANKNIFTY TECHNICAL

Current Spot: 10064.80
Pivot: 10015
5DEMA: 9987
10DEMA: 9887
20DEMA: 9775
50DEMA: 9832
RSI (14 days): 58.50
Parabolic SAR: 9534
Supports: 9931 - 9798 - 9714
Resistance: 10149 - 10233 - 10366
CAM Support: 10045 - 10025 - 10005 - 9945
CAM Resistance: 10085 - 10105 - 10125 - 10184
Bank Nifty Future VIX Range: 9889 - 10232

Bank Nifty Future VWAP: 9989.37
MP Values Bank Nifty Future: VAH - 10062, POC - 9990, VAL - 9918

TARGET BANKNIFTY
Buy BankNifty Future above 10068 - 10140 - 10230 - 10380 SL - 10000
Sell BankNifty Future below 9990 - 9930 - 9780 - 9690 SL - 10021

INTRADAY TRADE
Reliance Industries: Buy above 729 for targets of 732, 736, 742 SL 723
Reliance Industries: Sell below 721 for targets of 719, 716, 711 SL 727
LT: Buy above 1327 for targets of 1340, 1360 SL 1311
Ambujacem: Buy above 170 for targets of 172, 174 SL 167

SCORE SHEET
SunTv: Buy above 264 for targets of 267, 274 SL 261: Target 267.00 done
Hindcopper: Buy above 265 for targets of 268, 275 SL 261: Target 268.80 done

POSITIONAL TRADE
AxisBank: Buy above 1035 for target of 1052 SL 1024 (2-3 Days)
TataPower: Buy above 94 for target of 101 SL 92.5 (1 Week)

Thanks and Regards

S&P Wealth Creators