Thursday, June 20, 2013

Market outlook for 21/06/2013

Nifty closed down 166.35 points (2.86%) at 5655.90 while Nifty Future closed at 5648.45, discount of 7.45 points.
Bank Nifty closed down 477.25 points (4.03%) at 11375.40 while Future closed at 11373.85, discount of 1.55 points.
  • FII sold huge in Cash (Net sell 2094.06 Crore)
  • FII sold in index future, index option but bought in stock future (Net sell 874.28 Crore)
  • DII bought in Cash (Net buy 1332.50 Crore)
  • Most Active Nifty Call Option: 5700 and 5800.
  • Most Active Nifty Put Options: 5700 and 5600.
  • Advance Decline for the day was 211:1090.
  • McClellan's oscillator for NSE at -26
NIFTY TECHNICAL
Current Spot: 5655.90
Pivot: 5686
5DEMA: 5763
10DEMA: 5806
20DEMA: 5866
50DEMA: 5881
RSI (14 days): 33.37
Parabolic SAR: 5863
Supports: 5616 - 5576 - 5507
Resistance: 5725 - 5795 - 5835
Nifty Future VIX Range: 5572 - 5710
Nifty Future VWAP: 5681.56
MP Values Nifty Future: VAH - 5721, POC - 5692, VAL - 5663

TARGET NIFTY
Buy Nifty Future above 5685 - 5710 - 5760 - 5820 SL - 5663
Sell Nifty Future below 5640 - 5615 - 5575 - 5525 SL - 5683

BANKNIFTY TECHNICAL
Current Spot: 11375.40
Pivot: 11467
5DEMA: 11712
10DEMA: 11879
20DEMA: 12108
50DEMA: 12174
RSI (14 days): 29.68
Parabolic SAR: 11867
Supports: 11256 - 11137 - 10926
Resistance: 11586 - 11797 - 11916
Bank Nifty Future VIX Range: 11157 - 11531
Bank Nifty Future VWAP: 11480.21
MP Values Bank Nifty Future: VAH - 11625, POC - 11520, VAL - 11415

TARGET BANKNIFTY
Buy BankNifty Future above 11485 - 11580 - 11700 - 11850 SL - 11415
Sell BankNifty Future below 11360 - 11265 - 11150 - 11000 SL - 11483

INTRADAY TRADE
Reliance: Buy above 807 for targets of 812, 825 SL 800
Reliance: Sell below 794 for targets of 789, 778 SL 806
Wipro: Buy above 348 for targets of 350, 353 SL 345
Sobha: Buy above 397 for targets of 401, 407 SL 391

SCORE SHEET
Havells: Buy above 763 for targets of 768, 777 SL 754: Call not active
Titan: Buy above 232 for targets of 235, 240 SL 228: Call not active

POSITIONAL TRADE
Jublfood: Buy above 980 for target of 1020 SL 970 (2-3 Days)
Frl: Buy above 149 for target of 158 SL 145 (1 Week)

Thanks and Regards

S&P Wealth Creators

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