Market outlook for 19/06/2013

Nifty closed down 36.45 points (0.62%) at 5813.60 while Nifty Future closed at 5812.00, discount of 1.60 points.
Bank Nifty closed down 150.10 points (1.25%) at 11820.95 while Future closed at 11830.40, premium of 9.45 points.

• FII sold in Cash (Net sell 597.38 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 33.25 Crore)
• DII bought in Cash (Net buy 582.65 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 633:642.
• McClellan's oscillator for NSE at -8

NIFTY TECHNICAL

Current Spot: 5813.60
Pivot: 5827
5DEMA: 5814
10DEMA: 5843
20DEMA: 5895
50DEMA: 5905
RSI (14 days): 41.99
Parabolic SAR: 5683
Supports: 5791 - 5768 - 5732
Resistance: 5850 - 5886 - 5909

Nifty Future VIX Range: 5751 - 5871
Nifty Future VWAP: 5828.75
MP Values Nifty Future: VAH - 5842, POC - 5825, VAL - 5808

TARGET NIFTY
Buy Nifty Future above 5831 - 5850 - 5875 - 5910 SL - 5824
Sell Nifty Future below 5805 - 5790 - 5765 - 5730 SL - 5830

BANKNIFTY TECHNICAL

Current Spot: 11820.95
Pivot: 11856
5DEMA: 11895
10DEMA: 12021
20DEMA: 12222
50DEMA: 12263
RSI (14 days): 36.82
Parabolic SAR: 11993
Supports: 11760 - 11700 - 11605
Resistance: 11916 - 12011 - 12072

Bank Nifty Future VIX Range: 11683 - 12008
Bank Nifty Future VWAP: 11889.27
MP Values Bank Nifty Future: VAH - 11950, POC - 11910, VAL - 11870

TARGET BANKNIFTY
Buy BankNifty Future above 11880 - 11930 - 12030 - 12100 SL - 11865
Sell BankNifty Future below 11815 - 11770 - 11710 - 11610 SL - 11878

INTRADAY TRADE
Reliance: Buy above 830 for targets of 835, 845 SL 823
Reliance: Sell below 819 for targets of 814, 804 SL 828
Zeel: Buy above 232 for targets of 235, 238 SL 227
TataSteel: Buy above 286 for targets of 289, 294 SL 282

SCORE SHEET
Titan: Buy above 231 for targets of 233, 238 SL 227: Call not active
Lichsgfin: Buy above 270 for targets of 273, 276 SL 266: Call not active

POSITIONAL TRADE
Relcapital: Buy above 342 for target of 350 SL 338 (2-3 Days)
Orchidchem: Buy above 56.5 for target of 60 SL 55.5 (1 Week)

Thanks and Regards

S&P Wealth Creators