Market outlook for 07/06/2013

Nifty closed down 2.45 points (0.04%) at 5921.40 while Nifty Future closed at 5936.85, premium of 15.45 points.
Bank Nifty closed up 109.05 points (0.89%) at 12398.40 while Future closed at 12403.55, premium of 5.15 points.

• FII sold in Cash (Net sell 270.47 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 723.57 Crore)
• DII bought in Cash (Net buy 298.08 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 602:675.

NIFTY TECHNICAL

Current Spot: 5921.40
Pivot: 5916
5DEMA: 5951
10DEMA: 5989
20DEMA: 6003
50DEMA: 5942
RSI (14 days): 43.75
Parabolic SAR: 6099
Supports: 5875 - 5829 - 5788
Resistance: 5962 - 6003 - 6049

Nifty Future VIX Range: 5873 - 5994
Nifty Future VWAP: 5920.63
MP Values Nifty Future: VAH - 5955, POC - 5927, VAL - 5899

TARGET NIFTY
Buy Nifty Future above 5944 - 5960 - 5980 - 6010 SL - 5927
Sell Nifty Future below 5917 - 5902 - 5880 - 5850 SL - 5940

BANKNIFTY TECHNICAL

Current Spot: 12398.40
Pivot: 12353
5DEMA: 12423
10DEMA: 12550
20DEMA: 12616
50DEMA: 12414
RSI (14 days): 44.52
Parabolic SAR: 12920
Supports: 12230 - 12062 - 11939
Resistance: 12521 - 12644 - 12812

Bank Nifty Future VIX Range: 12226 - 12574
Bank Nifty Future VWAP: 12326.96
MP Values Bank Nifty Future: VAH - 12432, POC - 12338, VAL - 12244

TARGET BANKNIFTY
Buy BankNifty Future above 12415 - 12500 - 12600 - 12720 SL - 12338
Sell BankNifty Future below 12335 - 12240 - 12140 - 12020 SL - 12372

INTRADAY TRADE
Reliance: Buy above 799 for targets of 804, 815 SL 793
Reliance: Sell below 789 for targets of 784, 774 SL 797
Relinfra: Buy above 384 for targets of 387, 393 SL 377
Raymond: Buy above 289 for targets of 292, 296 SL 285

SCORE SHEET
JswSteel: Buy above 729 for targets of 736, 746 SL 720: Target 744.40 done
Adanient: Buy above 214 for targets of 216, 219 SL 210: Target 215.80 done

POSITIONAL TRADE
Ktkbank: Buy above 151 for target of 156 SL 148.5 (2-3 Days)
Ucobank: Buy above 82.5 for target of 86 SL 80 (1 Week)

Thanks and Regards

S&P Wealth Creators