Tuesday, June 19, 2012

Market outlook for 20/06/2012

Nifty closed up 39.60 points (0.78%) at 5103.85 while Nifty Future closed at 5110.60, premium of 6.75 points.
Bank Nifty closed up 36.55 points (0.37%) at 9786.45 while Future closed at 9779.55, discount of 6.90 points.
  • FII sold in Cash (Net sell 93.30 Crore)
  • FII bought in index option but sold in index future, stock future (Net buy 498.19 Crore)
  • DII sold in Cash (Net sell 278.70 Crore)
  • Most Active Nifty Call Option: 5100 and 5200.
  • Most Active Nifty Put Options: 5100 and 5000.
  • Advance Decline for the day was 504:502.
NIFTY TECHNICAL
Current Spot: 5103.85
Pivot: 5089
5DEMA: 5089
10DEMA: 5063
20DEMA: 5031
50DEMA: 5060
RSI (14 days): 56.23
Parabolic SAR: 5001
Supports: 5063 - 5023 - 4998
Resistance: 5129 - 5154 - 5194
CAM Support: 5098 - 5092 - 5086 - 5068
CAM Resistance: 5110 - 5116 - 5122 - 5140
Nifty Future VIX Range: 5048 - 5173
Nifty Future VWAP: 5088.45
MP Values Nifty Future: VAH - 5102, POC - 5080, VAL - 5058

TARGET NIFTY
Buy Nifty Future above 5114 - 5136 - 5164 - 5205 SL - 5090
Sell Nifty Future below 5085 - 5067 - 5025 - 4995 SL - 5099

BANKNIFTY TECHNICAL
Current Spot: 9786.45
Pivot: 9738
5DEMA: 9868
10DEMA: 9849
20DEMA: 9774
50DEMA: 9812
RSI (14 days): 50.68
Parabolic SAR: 9619
Supports: 9668 - 9549 - 9479
Resistance: 9857 - 9927 - 10045
CAM Support: 9769 - 9752 - 9735 - 9683
CAM Resistance: 9804 - 9821 - 9838 - 9890
Bank Nifty Future VIX Range: 9601 - 9958
Bank Nifty Future VWAP: 9708.95
MP Values Bank Nifty Future: VAH -9752, POC - 9692, VAL - 9632

TARGET BANKNIFTY
Buy BankNifty Future above 9787 - 9859 - 9943 - 10080 SL - 9719
Sell BankNifty Future below 9709 - 9645 - 9505 - 9425 SL - 9739

INTRADAY TRADE
Reliance Industries: Buy above 739 for targets of 742, 747, 759 SL 729
Reliance Industries: Sell below 728 for targets of 725, 720, 708 SL 733
Jpassociat: Buy above 70 for targets of 71, 72.5 SL 69
Ambujacem: Buy above 174 for targets of 176, 180 SL 170

SCORE SHEET
TataSteel: Buy above 421 for targets of 424, 430 SL 418: Target 425.00 done
Pantaloonr: Buy above 170 for targets of 172, 176 SL 168: Target 176.40 done

POSITIONAL TRADE
Gvkpil: Buy above 14.1 for target of 15.5 SL 13.9 (2-3 Days)
ITC: Buy above 250 for target of 260 SL 247 (1 Week)

Thanks and Regards

S&P Wealth Creators

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