Market outlook for 10/06/2013

Nifty closed down 40.40 points (0.68%) at 5881.00 while Nifty Future closed at 5895.20, premium of 14.20 points.
Bank Nifty closed down 166.90 points (1.35%) at 12231.50 while Future closed at 12227.35, discount of 4.15 points.

• FII bought in Cash (Net buy 157.90 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 892.13 Crore)
• DII bought in Cash (Net buy 172.70 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 533:754.

NIFTY TECHNICAL

Current Spot: 5881.00
Pivot: 5908
5DEMA: 5928
10DEMA: 5969
20DEMA: 5991
50DEMA: 5943
RSI (14 days): 40.67
Parabolic SAR: 6071
Supports: 5844 - 5807 - 5743
Resistance: 5945 - 6010 - 6047

Nifty Future VIX Range: 5840 - 5958
Nifty Future VWAP: 5935.08
MP Values Nifty Future: VAH - 5976, POC - 5944, VAL - 5912

TARGET NIFTY
Buy Nifty Future above 5927 - 5955 - 5985 - 6020 SL - 5912
Sell Nifty Future below 5886 - 5860 - 5830 - 5790 SL - 5926

BANKNIFTY TECHNICAL

Current Spot: 12231.50
Pivot: 12310
5DEMA: 12359
10DEMA: 12492
20DEMA: 12579
50DEMA: 12414
RSI (14 days): 40.48
Parabolic SAR: 12817
Supports: 12131 - 12031 - 11852
Resistance: 12410 - 12589 - 12690

Bank Nifty Future VIX Range: 12058 - 12400
Bank Nifty Future VWAP: 12344.91
MP Values Bank Nifty Future: VAH - 12429, POC - 12353, VAL - 12277

TARGET BANKNIFTY
Buy BankNifty Future above 12320 - 12400 - 12500 - 12620 SL - 12277
Sell BankNifty Future below 12215 - 12140 - 12040 - 11920 SL - 12318

INTRADAY TRADE
Reliance: Buy above 793 for targets of 799, 812 SL 787
Reliance: Sell below 782 for targets of 776, 764 SL 791
Mcleodruss: Buy above 323 for targets of 325, 330 SL 320
Tcs: Buy above 1526 for targets of 1540, 1565 SL 1505

SCORE SHEET
Relinfra: Buy above 384 for targets of 387, 393 SL 377: Target 389.70 done
Raymond: Buy above 289 for targets of 292, 296 SL 285: Target 300.90 done

POSITIONAL TRADE
Ibrealest: Buy above 75.5 for target of 78 SL 74.5 (2-3 Days)
Mahindforg: Buy above 61 for target of 66 SL 59.5 (1 Week)

Thanks and Regards

S&P Wealth Creators