Market outlook for 14/06/2013

Nifty closed down 61.10 points (1.06%) at 5699.10 while Nifty Future closed at 5705.45, premium of 6.35 points.
Bank Nifty closed down 128.10 points (1.08%) at 11686.75 while Future closed at 11719.80, premium of 33.05 points.

• FII sold in Cash (Net sell 558.06 Crore)
• FII sold in index future but bought in stock future, index option (Net sell 426.75 Crore)
• DII bought in Cash (Net buy 713.77 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 321:962.
• McClellan's oscillator for NSE at -62

NIFTY TECHNICAL

Current Spot: 5699.10
Pivot: 5704
5DEMA: 5789
10DEMA: 5858
20DEMA: 5920
50DEMA: 5917
RSI (14 days): 29.52
Parabolic SAR: 5915
Supports: 5678 - 5657 - 5631
Resistance: 5725 - 5751 - 5772

Nifty Future VIX Range: 5645 - 5759
Nifty Future VWAP: 5713.89
MP Values Nifty Future: VAH - 5725, POC - 5715, VAL - 5705

TARGET NIFTY
Buy Nifty Future above 5716 - 5730 - 5755 - 5775 SL - 5705
Sell Nifty Future below 5697 - 5685 - 5670 - 5645 SL - 5715

BANKNIFTY TECHNICAL

Current Spot: 11686.75
Pivot: 11712
5DEMA: 11907
10DEMA: 12123
20DEMA: 12334
50DEMA: 12313
RSI (14 days): 30.20
Parabolic SAR: 12260
Supports: 11631 - 11576 - 11495
Resistance: 11768 - 11849 - 11904

Bank Nifty Future VIX Range: 11555 - 11879
Bank Nifty Future VWAP: 11752.02
MP Values Bank Nifty Future: VAH - 11777, POC - 11746, VAL - 11715

TARGET BANKNIFTY
Buy BankNifty Future above 11754 - 11795 - 11880 - 11940 SL - 11715
Sell BankNifty Future below 11702 - 11665 - 11610 - 11540 SL - 11746

INTRADAY TRADE
Reliance: Buy above 792 for targets of 798, 805 SL 786
Reliance: Sell below 784 for targets of 779, 772 SL 790
Bhartiartl: Buy above 289 for targets of 292, 297 SL 283
JetAirways: Buy above 434 for targets of 438, 448 SL 429

SCORE SHEET
Indusindbk: Buy above 495 for targets of 500, 510 SL 487: Call not active
Lupin: Buy above 774 for targets of 779, 787 SL 765: Target 780.90 done

POSITIONAL TRADE
Ubl: Buy above 672 for target of 690 SL 662 (2-3 Days)
Polaris: Buy above 114 for target of 119 SL 112 (1 Week)

Thanks and Regards

S&P Wealth Creators