Market outlook for 04/06/2013

Nifty closed down 46.65 points (0.78%) at 5939.30 while Nifty Future closed at 5959.20, premium of 19.90 points.
Bank Nifty closed down 73.55 points (0.59%) at 12402.10 while Future closed at 12417.50, premium of 15.40 points.

• FII sold in Cash (Net sell 86.67 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 121.16 Crore)
• DII sold in Cash (Net sell 71.81 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 526:765.

NIFTY TECHNICAL

Current Spot: 5939.30
Pivot: 5956
5DEMA: 6020
10DEMA: 6044
20DEMA: 6031
50DEMA: 5934
RSI (14 days): 45.15
Parabolic SAR: 6160
Supports: 5900 - 5861 - 5805
Resistance: 5995 - 6050 - 6089

Nifty Future VIX Range: 5894 - 6026
Nifty Future VWAP: 5962.64
MP Values Nifty Future: VAH - 5983, POC - 5960, VAL - 5937

TARGET NIFTY
Buy Nifty Future above 5983 - 6000 - 6025 - 6055 SL - 5960
Sell Nifty Future below 5950 - 5930 - 5900 - 5860 SL - 5969

BANKNIFTY TECHNICAL

Current Spot: 12402.10
Pivot: 12409
5DEMA: 12625
10DEMA: 12732
20DEMA: 12717
50DEMA: 12399
RSI (14 days): 43.65
Parabolic SAR: 13187
Supports: 12317 - 12232 - 12141
Resistance: 12493 - 12585 - 12670

Bank Nifty Future VIX Range: 12229 - 12601
Bank Nifty Future VWAP: 12406.89
MP Values Bank Nifty Future: VAH - 12466, POC - 12417, VAL - 12368

TARGET BANKNIFTY
Buy BankNifty Future above 12432 - 12510 - 12600 - 12710 SL - 12405
Sell BankNifty Future below 12399 - 12320 - 12230 - 12120 SL - 12429

INTRADAY TRADE
Reliance: Buy above 797 for targets of 805, 816 SL 791
Reliance: Sell below 784 for targets of 779, 768 SL 795
Yesbank: Buy above 505 for targets of 509, 514 SL 499
Lupin: Buy above 760 for targets of 767, 775 SL 751

SCORE SHEET
Britannia: Buy above 728 for targets of 734, 745 SL 717: Target 751.90 done
Kajariacer: Buy above 246 for targets of 249, 254 SL 242: Target 249.45 done

POSITIONAL TRADE
Uniphos: Buy above 163 for target of 172 SL 159 (2-3 Days)
Jisjaleqs: Buy above 73 for target of 78 SL 71 (1 Week)

Thanks and Regards

S&P Wealth Creators