Market outlook for 21/06/2012

Nifty closed up 16.70 points (0.33%) at 5120.55 while Nifty Future closed at 5122.45, premium of 1.90 points.
Bank Nifty closed up 45.35 points (0.46%) at 9831.80 while Future closed at 9815.55, discount of 16.25 points.

• FII bought in Cash (Net buy 119.58 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 624.64 Crore)
• DII bought in Cash (Net buy 43.56 Crore)
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 916:538.

NIFTY TECHNICAL

Current Spot: 5120.55
Pivot: 5121
5DEMA: 5100
10DEMA: 5073
20DEMA: 5040
50DEMA: 5064
RSI (14 days): 57.38
Parabolic SAR: 5031
Supports: 5101 - 5080 - 5060
Resistance: 5142 - 5162 - 5183
CAM Support: 5117 - 5113 - 5110 - 5098
CAM Resistance: 5125 - 5129 - 5132 - 5144
Nifty Future VIX Range: 5062 - 5183

Nifty Future VWAP: 5119.97
MP Values Nifty Future: VAH - 5130, POC - 5120, VAL - 5110

TARGET NIFTY
Buy Nifty Future above 5126 - 5143 - 5166 - 5190 SL - 5116
Sell Nifty Future below 5113 - 5100 - 5076 - 5055 SL - 5124

BANKNIFTY TECHNICAL

Current Spot: 9831.80
Pivot: 9824
5DEMA: 9856
10DEMA: 9846
20DEMA: 9779
50DEMA: 9820
RSI (14 days): 51.82
Parabolic SAR: 9619
Supports: 9772 - 9713 - 9661
Resistance: 9883 - 9935 - 9995
CAM Support: 9822 - 9811 - 9801 - 9771
CAM Resistance: 9842 - 9852 - 9862 - 9893
Bank Nifty Future VIX Range: 9642 - 9989

Bank Nifty Future VWAP: 9807.51
MP Values Bank Nifty Future: VAH -9841, POC - 9812, VAL - 9783

TARGET BANKNIFTY
Buy BankNifty Future above 9823 - 9870 - 9930 - 10000 SL - 9801
Sell BankNifty Future below 9791 - 9750 - 9680 - 9625 SL - 9811

INTRADAY TRADE
Reliance Industries: Buy above 741 for targets of 743, 746, 751 SL 736
Reliance Industries: Sell below 734 for targets of 732, 729, 724 SL 740
Pantaloonr: Buy above 182 for targets of 183.5, 186 SL 179
Educomp: Buy above 153 for targets of 155, 160 SL 149

SCORE SHEET
Jpassociat: Buy above 70 for targets of 71, 72.5 SL 69: Target 71.90 done
Ambujacem: Buy above 174 for targets of 176, 180 SL 170: Target 179.70 done

POSITIONAL TRADE
CenturyTex: Buy above 290 for target of 305 SL 284 (2-3 Days)
Ster: Buy above 98 for target of 104 SL 96 (1 Week)

Thanks and Regards

S&P Wealth Creators