Market outlook for 11/06/2013

Nifty closed down 3.00 points (0.05%) at 5878.00 while Nifty Future closed at 5893.35, premium of 15.35 points.
Bank Nifty closed down 144.45 points (1.18%) at 12087.05 while Future closed at 12094.90, premium of 7.85 points.

• FII sold in Cash (Net sell 114.00 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 1241.70 Crore)
• DII sold in Cash (Net sell 69.75 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 404:905.

NIFTY TECHNICAL

Current Spot: 5878.00
Pivot: 5889
5DEMA: 5911
10DEMA: 5953
20DEMA: 5981
50DEMA: 5947
RSI (14 days): 40.17
Parabolic SAR: 6046
Supports: 5846 - 5815 - 5772
Resistance: 5921 - 5963 - 5995

Nifty Future VIX Range: 5849 - 5963
Nifty Future VWAP: 5904.35
MP Values Nifty Future: VAH - 5921, POC - 5904, VAL - 5887

TARGET NIFTY
Buy Nifty Future above 5904 - 5925 - 5955 - 5990 SL - 5887
Sell Nifty Future below 5885 - 5865 - 5835 - 5800 SL - 5904

BANKNIFTY TECHNICAL

Current Spot: 12087.05
Pivot: 12156
5DEMA: 12268
10DEMA: 12419
20DEMA: 12533
50DEMA: 12417
RSI (14 days): 37.18
Parabolic SAR: 12705
Supports: 11949 - 11810 - 11603
Resistance: 12295 - 12502 - 12640

Bank Nifty Future VIX Range: 11956 - 12292
Bank Nifty Future VWAP: 12163.63
MP Values Bank Nifty Future: VAH - 12217, POC - 12133, VAL - 12049

TARGET BANKNIFTY
Buy BankNifty Future above 12165 - 12250 - 12350 - 12480 SL - 12133
Sell BankNifty Future below 12075 - 11990 - 11890 - 11760 SL - 12133

INTRADAY TRADE
Reliance: Buy above 791 for targets of 796, 806 SL 787
Reliance: Sell below 785 for targets of 780, 769 SL 791
Wipro: Buy above 344 for targets of 346, 349 SL 341
Rallis: Buy above 140 for targets of 141.5, 143.5 SL 138.5

SCORE SHEET
Mcleodruss: Buy above 323 for targets of 325, 330 SL 320: Target 325.00 done
Tcs: Buy above 1526 for targets of 1540, 1565 SL 1505: Target 1544.70 done

POSITIONAL TRADE
Astral: Buy above 590 for target of 615 SL 576 (2-3 Days)
Kpit: Buy above 122.5 for target of 128 SL 120.5 (1 Week)

Thanks and Regards

S&P Wealth Creators