Tuesday, June 26, 2012

Market outlook for 27/06/2012

Nifty closed up 6.15 points (0.12%) at 5120.80 while Nifty Future closed at 5125.70, premium of 4.90 points.
Bank Nifty closed up 44.35 points (0.45%) at 9970.10 while Future closed at 9969.05, discount of 1.05 points.
  • FII bought in Cash (Net buy 13.03 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 1536.90 Crore)
  • DII sell in Cash (Net sell 355.05 Crore)
  • Most Active Nifty Call Option: 5100 and 5200.
  • Most Active Nifty Put Options: 5100 and 5000.
  • Advance Decline for the day was 699:746.
NIFTY TECHNICAL
Current Spot: 5120.80
Pivot: 5117
5DEMA: 5123
10DEMA: 5106
20DEMA: 5071
50DEMA: 5068
RSI (14 days): 56.07
Parabolic SAR: 5096
Supports: 5099 - 5078 - 5060
Resistance: 5138 - 5156 - 5177
CAM Support: 5117 - 5114 - 5110 - 5099
CAM Resistance: 5124 - 5128 - 5132 - 5142
Nifty Future VIX Range: 5070 - 5182
Nifty Future VWAP: 5119.89
MP Values Nifty Future: VAH - 5130, POC - 5120, VAL - 5110

TARGET NIFTY
Buy Nifty Future above 5130 - 5144 - 5166 - 5190 SL - 5118
Sell Nifty Future below 5112 - 5100 - 5075 - 5050 SL - 5129

BANKNIFTY TECHNICAL
Current Spot: 9970.10
Pivot: 9966
5DEMA: 9954
10DEMA: 9922
20DEMA: 9848
50DEMA: 9827
RSI (14 days): 54.78
Parabolic SAR: 9827
Supports: 9906 - 9843 - 9784
Resistance: 10029 - 10088 - 10152
CAM Support: 9959 - 9948 - 9936 - 9903
CAM Resistance: 9981 - 9993 - 10004 - 10038
Bank Nifty Future VIX Range: 9802 - 10136
Bank Nifty Future VWAP: 9956.53
MP Values Bank Nifty Future: VAH - 10011, POC - 9969, VAL - 9927

TARGET BANKNIFTY
Buy BankNifty Future above 9977 - 10030 - 10100 - 10185 SL - 9951
Sell BankNifty Future below 9941 - 9890 - 9810 - 9745 SL - 9961

INTRADAY TRADE
Reliance Industries: Buy above 725 for targets of 727, 730, 735 SL 719
Reliance Industries: Sell below 718 for targets of 716, 713, 708 SL 723
Gail: Buy above 353 for targets of 357, 363 SL 349
Finantech: Buy above 736 for targets of 742, 753 SL 727

SCORE SHEET
Everonn: Buy above 215 for targets of 218, 223 SL 212: Target 220.50 done
SunTv: Buy above 296 for targets of 300, 308 SL 291: Target 304.85 done

POSITIONAL TRADE
Zensartech: Buy above 253 for target of 266 SL 246 (2-3 Days)
TataGlobal: Buy above 115 for target of 123 SL 112 (1 Week)

Thanks and Regards

S&P Wealth Creators

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