Market outlook for 20/06/2013

Nifty closed up 8.65 points (0.15%) at 5822.25 while Nifty Future closed at 5822.70, premium of 0.45 points.
Bank Nifty closed up 31.70 points (0.27%) at 11852.65 while Future closed at 11862.10, premium of 9.45 points.

• FII sold in Cash (Net sell 544.96 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 841.36 Crore)
• DII bought in Cash (Net buy 415.82 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 687:585.
• McClellan's oscillator for NSE at +3

NIFTY TECHNICAL

Current Spot: 5822.25
Pivot: 5810
5DEMA: 5816
10DEMA: 5839
20DEMA: 5888
50DEMA: 5895
RSI (14 days): 42.93
Parabolic SAR: 5687
Supports: 5791 - 5759 - 5740
Resistance: 5841 - 5860 - 5892

Nifty Future VIX Range: 5765 - 5882
Nifty Future VWAP: 5802.09
MP Values Nifty Future: VAH - 5815, POC - 5801, VAL - 5787

TARGET NIFTY
Buy Nifty Future above 5827 - 5840 - 5860 - 5890 SL - 5801
Sell Nifty Future below 5800 - 5787 - 5765 - 5740 SL - 5815

BANKNIFTY TECHNICAL

Current Spot: 11852.65
Pivot: 11820
5DEMA: 11881
10DEMA: 11990
20DEMA: 12186
50DEMA: 12228
RSI (14 days): 38.05
Parabolic SAR: 11951
Supports: 11772 - 11691 - 11643
Resistance: 11900 - 11948 - 12029

Bank Nifty Future VIX Range: 11712 - 12028
Bank Nifty Future VWAP: 11817.54
MP Values Bank Nifty Future: VAH - 11853, POC - 11820, VAL - 11787

TARGET BANKNIFTY
Buy BankNifty Future above 11872 - 11910 - 11960 - 12050 SL - 11820
Sell BankNifty Future below 11810 - 11787 - 11720 - 11660 SL - 11853

INTRADAY TRADE
Reliance: Buy above 834 for targets of 840, 851 SL 825
Reliance: Sell below 822 for targets of 816, 805 SL 829
Havells: Buy above 763 for targets of 768, 777 SL 754
Titan: Buy above 232 for targets of 235, 240 SL 228

SCORE SHEET
Zeel: Buy above 232 for targets of 235, 238 SL 227: Target 233.00 done
TataSteel: Buy above 286 for targets of 289, 294 SL 282: Target 293.60 done

POSITIONAL TRADE
Techm: Buy above 1015 for target of 1047 SL 999 (2-3 Days)
Escorts: Buy above 74.5 for target of 77 SL 73.5 (1 Week)

Thanks and Regards

S&P Wealth Creators