Market outlook for 26/06/2013

Nifty closed up 18.85 points (0.34%) at 5609.10 while Nifty Future closed at 5608.30, discount of 0.80 points.
Bank Nifty closed up 2.75 points (0.02%) at 11181.05 while Future closed at 11199.30, premium of 18.25 points.

• FII sold huge in Cash (Net sell 1285.86 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 149.35 Crore)
• DII bought in Cash (Net buy 824.36 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 513:775.
• McClellan's oscillator for NSE at -51

NIFTY TECHNICAL

Current Spot: 5609.10
Pivot: 5615
5DEMA: 5659
10DEMA: 5721
20DEMA: 5802
50DEMA: 5847
RSI (14 days): 32.81
Parabolic SAR: 5830
Supports: 5564 - 5519- 5468
Resistance: 5660 - 5711 - 5756

Nifty Future VIX Range: 5537 - 5667
Nifty Future VWAP: 5617.13
MP Values Nifty Future: VAH - 5667, POC - 5640, VAL - 5598

TARGET NIFTY
Buy Nifty Future above 5620 - 5640 - 5665 - 5690 SL - 5598
Sell Nifty Future below 5597 - 5575 - 5550 - 5515 SL - 5618

BANKNIFTY TECHNICAL

Current Spot: 11181.05
Pivot: 11205
5DEMA: 11361
10DEMA: 11582
20DEMA: 11880
50DEMA: 12058
RSI (14 days): 27.14
Parabolic SAR: 11514
Supports: 11084 - 10987 - 10866
Resistance: 11302 - 11422 - 11519

Bank Nifty Future VIX Range: 11013 - 11357
Bank Nifty Future VWAP: 11232.52
MP Values Bank Nifty Future: VAH - 11276, POC - 11174, VAL - 11121

TARGET BANKNIFTY
Buy BankNifty Future above 11230 - 11300 - 11390 - 11500 SL - 11195
Sell BankNifty Future below 11174 - 11105 - 11010 - 10900 SL - 11228

INTRADAY TRADE
Reliance: Buy above 810 for targets of 815, 826 SL 803
Reliance: Sell below 800 for targets of 795, 784 SL 808
Itc: Buy above 320 for targets of 323, 327 SL 317
Bhartiartl: Buy above 297 for targets of 300, 305 SL 292

SCORE SHEET
Bataindia: Buy above 836 for targets of 842, 849 SL 831: Call not active
Jindalstel: Buy above 209 for targets of 211, 215 SL 205: Target 213.80 done

POSITIONAL TRADE
BankBaroda: Buy above 569 for target of 583 SL 561 (2-3 Days)
Voltas: Buy above 85 for target of 89 SL 82.5 (1 Week)

Thanks and Regards

S&P Wealth Creators