Sunday, June 16, 2013

Market outlook for 17/06/2013

Nifty closed up 109.30 points (1.92%) at 5808.40 while Nifty Future closed at 5805.95, discount of 2.45 points.
Bank Nifty closed up 236.10 points (2.02%) at 11922.85 while Future closed at 11931.80, premium of 8.95 points.
  • FII sold in Cash (Net sell 305.68 Crore)
  • FII bought in index future, stock future, and index option (Net buy 1971.61 Crore)
  • DII bought in Cash (Net buy 910.62 Crore)
  • Most Active Nifty Call Option: 5800 and 5900.
  • Most Active Nifty Put Options: 5800 and 5700.
  • Advance Decline for the day was 894:392.
  • McClellan's oscillator for NSE at -28
NIFTY TECHNICAL
Current Spot: 5808.40
Pivot: 5789
5DEMA: 5795
10DEMA: 5849
20DEMA: 5909
50DEMA: 5918
RSI (14 days): 40.70
Parabolic SAR: 5868
Supports: 5759 - 5709 - 5679
Resistance: 5839 - 5869 - 5919
Nifty Future VIX Range: 5739 - 5863
Nifty Future VWAP: 5786.95
MP Values Nifty Future: VAH - 5809, POC - 5784, VAL - 5759

TARGET NIFTY
Buy Nifty Future above 5810 - 5830 - 5855 - 5880 SL - 5784
Sell Nifty Future below 5779 - 5760 - 5735 - 5700 SL - 5795

BANKNIFTY TECHNICAL
Current Spot: 11922.85
Pivot: 11891
5DEMA: 11913
10DEMA: 12087
20DEMA: 12295
50DEMA: 12317
RSI (14 days): 38.28
Parabolic SAR: 12139
Supports: 11835 - 11748 - 11692
Resistance: 11979 - 12035 - 12122
Bank Nifty Future VIX Range: 11747 - 12086
Bank Nifty Future VWAP: 11901.54
MP Values Bank Nifty Future: VAH - 11931, POC - 11895, VAL - 11859

TARGET BANKNIFTY
Buy BankNifty Future above 11941 - 11985 - 12045 - 12120 SL - 11895
Sell BankNifty Future below 11888 - 11850 - 11780 - 11700 SL - 11931

INTRADAY TRADE
Reliance: Buy above 817 for targets of 822, 832 SL 808
Reliance: Sell below 806 for targets of 801, 791 SL 812
Jindalstel: Buy above 245 for targets of 248, 253 SL 240
Yesbank: Buy above 481 for targets of 484, 490 SL 475

SCORE SHEET
Bhartiartl: Buy above 289 for targets of 292, 297 SL 283: Target 292.35 done
JetAirways: Buy above 434 for targets of 438, 448 SL 429: Target 474.70 done

POSITIONAL TRADE
JetAirways: Buy above 472 for target of 492 SL 462 (2-3 Days)
Hindalco: Buy above 104 for target of 109 SL 102 (1 Week)

Thanks and Regards

S&P Wealth Creators

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