Market outlook for 24/06/2013

Nifty closed up 11.75 points (0.21%) at 5667.65 while Nifty Future closed at 5661.85, discount of 5.80 points.
Bank Nifty closed down 35.25 points (0.31%) at 11340.15 while Future closed at 11346.90, premium of 6.75 points.

• FII sold huge in Cash (Net sell 1768.60 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 226.40 Crore)
• DII bought in Cash (Net buy 1196.65 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 437:852.
• McClellan's oscillator for NSE at -32

NIFTY TECHNICAL

Current Spot: 5667.65
Pivot: 5657
5DEMA: 5731
10DEMA: 5781
20DEMA: 5847
50DEMA: 5870
RSI (14 days): 34.55
Parabolic SAR: 5858
Supports: 5628 - 5588- 5558
Resistance: 5697 - 5726 - 5766

Nifty Future VIX Range: 5589 - 5723
Nifty Future VWAP: 5649.00
MP Values Nifty Future: VAH - 5660, POC - 5638, VAL - 5616

TARGET NIFTY
Buy Nifty Future above 5665 - 5685 - 5710 - 5750 SL - 5638
Sell Nifty Future below 5637 - 5620 - 5595 - 5555 SL - 5661

BANKNIFTY TECHNICAL

Current Spot: 11340.15
Pivot: 11324
5DEMA: 11588
10DEMA: 11781
20DEMA: 12035
50DEMA: 12140
RSI (14 days): 29.21
Parabolic SAR: 11736
Supports: 11227 - 11114 - 11018
Resistance: 11437 - 11533 - 11646

Bank Nifty Future VIX Range: 11159 - 11521
Bank Nifty Future VWAP: 11328.08
MP Values Bank Nifty Future: VAH - 11393, POC - 11334, VAL - 11275

TARGET BANKNIFTY
Buy BankNifty Future above 11355 - 11440 - 11540 - 11650 SL - 11332
Sell BankNifty Future below 11315 - 11235 - 11135 - 11025 SL - 11345

INTRADAY TRADE
Reliance: Buy above 800 for targets of 806, 817 SL 794
Reliance: Sell below 789 for targets of 783, 772 SL 798
Godrejcp: Buy above 802 for targets of 810, 825 SL 787
Zeel: Buy above 236 for targets of 239, 244 SL 232

SCORE SHEET
Wipro: Buy above 348 for targets of 350, 353 SL 345: Target 351.00 done
Sobha: Buy above 397 for targets of 401, 407 SL 391: Target 409.00 done

POSITIONAL TRADE
Adaniports: Buy above 152 for target of 157 SL 149 (2-3 Days)
Anantraj: Buy above 54.7 for target of 58 SL 53.8 (1 Week)

Thanks and Regards

S&P Wealth Creators