Wednesday, June 5, 2013

Market outlook for 06/06/2013

Nifty closed up 4.40 points (0.07%) at 5923.85 while Nifty Future closed at 5938.30, premium of 14.45 points.
Bank Nifty closed up 14.25 points (0.12%) at 12289.35 while Future closed at 12310.30, premium of 20.95 points.
  • FII bought in Cash (Net buy 88.49 Crore)
  • FII sold in index future, stock future but bought in index option (Net sell 648.38 Crore)
  • DII sold in Cash (Net sell 99.75 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 5900 and 5800.
  • Advance Decline for the day was 628:658.
NIFTY TECHNICAL
Current Spot: 5923.85
Pivot: 5914
5DEMA: 5966
10DEMA: 6004
20DEMA: 6011
50DEMA: 5940
RSI (14 days): 44.04
Parabolic SAR: 6125
Supports: 5893 - 5863 - 5842
Resistance: 5945 - 5966 - 5996
Nifty Future VIX Range: 5883 - 6007
Nifty Future VWAP: 5924.00
MP Values Nifty Future: VAH - 5947, POC - 5931, VAL - 5915

TARGET NIFTY
Buy Nifty Future above 5947 - 5960 - 5980 - 6010 SL - 5930
Sell Nifty Future below 5915 - 5902 - 5880 - 5850 SL - 5932

BANKNIFTY TECHNICAL
Current Spot: 12289.35
Pivot: 12278
5DEMA: 12435
10DEMA: 12584
20DEMA: 12638
50DEMA: 12407
RSI (14 days): 41.15
Parabolic SAR: 13021
Supports: 12208 - 12127 - 12058
Resistance: 12359 - 12428 - 12509
Bank Nifty Future VIX Range: 12148 - 12502
Bank Nifty Future VWAP: 12289.78
MP Values Bank Nifty Future: VAH - 12321, POC - 12288, VAL - 12255

TARGET BANKNIFTY
Buy BankNifty Future above 12321 - 12380 - 12450 - 12530 SL - 12288
Sell BankNifty Future below 12255 - 12225 - 12155 - 12080 SL - 12305

INTRADAY TRADE
Reliance: Buy above 804 for targets of 809, 817 SL 794
Reliance: Sell below 792 for targets of 787, 777 SL 798
JswSteel: Buy above 729 for targets of 736, 746 SL 720
Adanient: Buy above 214 for targets of 216, 219 SL 210

SCORE SHEET
Lupin: Buy above 772 for targets of 778, 786 SL 764: SL Hit
Bataindia: Buy above 868 for targets of 876, 890 SL 856: Target 878.70 done

POSITIONAL TRADE
Lichsgfin: Buy above 268 for target of 275 SL 264 (2-3 Days)
Ibrealest: Buy above 72.5 for target of 76 SL 71 (1 Week)

Thanks and Regards

S&P Wealth Creators

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