Market outlook for 18/06/2013

Nifty closed up 41.65 points (0.72%) at 5850.05 while Nifty Future closed at 5847.75, discount of 2.30 points.
Bank Nifty closed up 48.20 points (0.40%) at 11971.05 while Future closed at 11984.45, premium of 13.40 points.

• FII sold in Cash (Net sell 165.10 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 47.98 Crore)
• DII bought in Cash (Net buy 361.53 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 680:588.
• McClellan's oscillator for NSE at -15

NIFTY TECHNICAL

Current Spot: 5850.05
Pivot: 5825
5DEMA: 5814
10DEMA: 5849
20DEMA: 5903
50DEMA: 5909
RSI (14 days): 44.44
Parabolic SAR: 5855
Supports: 5795 - 5740 - 5711
Resistance: 5880 - 5910 - 5965

Nifty Future VIX Range: 5787 - 5910
Nifty Future VWAP: 5814.93
MP Values Nifty Future: VAH - 5831, POC - 5793, VAL - 5771

TARGET NIFTY
Buy Nifty Future above 5852 - 5870 - 5895 - 5930 SL - 5820
Sell Nifty Future below 5815 - 5795 - 5770 - 5740 SL - 5831

BANKNIFTY TECHNICAL

Current Spot: 11971.05
Pivot: 11900
5DEMA: 11932
10DEMA: 12066
20DEMA: 12264
50DEMA: 12281
RSI (14 days): 39.98
Parabolic SAR: 12043
Supports: 11807 - 11642 - 11549
Resistance: 12064 - 12157 - 12322

Bank Nifty Future VIX Range: 11839 - 12171
Bank Nifty Future VWAP: 11882.39
MP Values Bank Nifty Future: VAH - 11931, POC - 11842, VAL - 11753

TARGET BANKNIFTY
Buy BankNifty Future above 11993 - 12070 - 12170 - 12300 SL - 11930
Sell BankNifty Future below 11891 - 11820 - 11720 - 11600 SL - 11931

INTRADAY TRADE
Reliance: Buy above 828 for targets of 833, 842 SL 819
Reliance: Sell below 817 for targets of 812, 802 SL 824
Titan: Buy above 231 for targets of 233, 238 SL 227
Lichsgfin: Buy above 270 for targets of 273, 276 SL 266

SCORE SHEET
Jindalstel: Buy above 245 for targets of 248, 253 SL 240: Call not active
Yesbank: Buy above 481 for targets of 484, 490 SL 475: Target 489.70 done

POSITIONAL TRADE
Mcdowell-n: Buy above 2455 for target of 2535 SL 2422 (2-3 Days)
Uniphos: Buy above 147 for target of 154 SL 144 (1 Week)

Thanks and Regards

S&P Wealth Creators