Market outlook for 25/06/2013

Nifty closed down 77.40 points (1.37%) at 5590.25 while Nifty Future closed at 5588.30, discount of 1.95 points.
Bank Nifty closed down 161.85 points (1.43%) at 11178.30 while Future closed at 11188.25, premium of 9.95 points.

• FII sold huge in Cash (Net sell 1552.98 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 1699.99 Crore)
• DII bought in Cash (Net buy 931.11 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 212:1093.
• McClellan's oscillator for NSE at -56

NIFTY TECHNICAL

Current Spot: 5590.25
Pivot: 5599
5DEMA: 5684
10DEMA: 5746
20DEMA: 5822
50DEMA: 5857
RSI (14 days): 30.94
Parabolic SAR: 5847
Supports: 5558 - 5525- 5484
Resistance: 5631 - 5673 - 5705

Nifty Future VIX Range: 5533 - 5667
Nifty Future VWAP: 5596.55
MP Values Nifty Future: VAH - 5626, POC - 5616, VAL - 5579

TARGET NIFTY
Buy Nifty Future above 5605 - 5625 - 5650 - 5680 SL - 5579
Sell Nifty Future below 5578 - 5560 - 5535 - 5505 SL - 5601

BANKNIFTY TECHNICAL

Current Spot: 11178.30
Pivot: 11196
5DEMA: 11452
10DEMA: 11671
20DEMA: 11953
50DEMA: 12093
RSI (14 days): 27.04
Parabolic SAR: 11616
Supports: 11117 - 11055 - 10975
Resistance: 11258 - 11337 - 11399

Bank Nifty Future VIX Range: 11022 - 11378
Bank Nifty Future VWAP: 11210.19
MP Values Bank Nifty Future: VAH - 11258, POC - 11210, VAL - 11162

TARGET BANKNIFTY
Buy BankNifty Future above 11211 - 11260 - 11330 - 11420 SL - 11162
Sell BankNifty Future below 11161 - 11110 - 11050 - 10970 SL - 11210

INTRADAY TRADE
Reliance: Buy above 795 for targets of 800, 811 SL 787
Reliance: Sell below 785 for targets of 780, 769 SL 792
Bataindia: Buy above 836 for targets of 842, 849 SL 831
Jindalstel: Buy above 209 for targets of 211, 215 SL 205

SCORE SHEET
Godrejcp: Buy above 802 for targets of 810, 825 SL 787: Call not active
Zeel: Buy above 236 for targets of 239, 244 SL 232: SL Hit

POSITIONAL TRADE
Advanta: Buy above 770 for target of 805 SL 757 (2-3 Days)
Apollotyre: Buy above 58.5 for target of 62 SL 57.5 (1 Week)

Thanks and Regards

S&P Wealth Creators