Wednesday, June 26, 2013

Market outlook for 27/06/2013

Nifty closed down 20.40 points (0.36%) at 5588.70 while Nifty Future closed at 5581.10, discount of 7.60 points.
Bank Nifty closed down 114.50 points (1.02%) at 11066.55 while Future closed at 11074.60, premium of 8.05 points.
  • FII sold in Cash (Net sell 547.79 Crore)
  • FII bought in index future, stock future but sold in index option (Net buy 514.45 Crore)
  • DII bought in Cash (Net buy 336.98 Crore)
  • Most Active Nifty Call Option: 5600 and 5700.
  • Most Active Nifty Put Options: 5600 and 5500.
  • Advance Decline for the day was 449:839.
  • McClellan's oscillator for NSE at -53
NIFTY TECHNICAL
Current Spot: 5588.70
Pivot: 5601
5DEMA: 5636
10DEMA: 5697
20DEMA: 5782
50DEMA: 5838
RSI (14 days): 31.83
Parabolic SAR: 5814
Supports: 5567 - 5545- 5511
Resistance: 5623 - 5657 - 5679
Nifty Future VIX Range: 5515 - 5640
Nifty Future VWAP: 5606.59
MP Values Nifty Future: VAH - 5624, POC - 5612, VAL - 5600

TARGET NIFTY
Buy Nifty Future above 5601 - 5615 - 5640 - 5670 SL - 5581
Sell Nifty Future below 5576 - 5560 - 5535 - 5505 SL - 5600

BANKNIFTY TECHNICAL
Current Spot: 11066.55
Pivot: 11121
5DEMA: 11263
10DEMA: 11488
20DEMA: 11802
50DEMA: 12022
RSI (14 days): 25.54
Parabolic SAR: 11418
Supports: 10980 - 10893 - 10752
Resistance: 11208 - 11349 - 11435
Bank Nifty Future VIX Range: 10888 - 11224
Bank Nifty Future VWAP: 11178.54
MP Values Bank Nifty Future: VAH - 11258, POC - 11215, VAL - 11130

TARGET BANKNIFTY
Buy BankNifty Future above 11132 - 11200 - 11300 - 11410 SL - 11074
Sell BankNifty Future below 11059 - 10995 - 10900 - 10790 SL - 11130

INTRADAY TRADE
Reliance: Buy above 810 for targets of 814, 823 SL 804
Reliance: Sell below 800 for targets of 796, 787 SL 808
Gail: Buy above 298 for targets of 301, 307 SL 293
Hcltech: Buy above 770 for targets of 776, 786 SL 761

SCORE SHEET
Itc: Buy above 320 for targets of 323, 327 SL 317: Target 326.90 done
Bhartiartl: Buy above 297 for targets of 300, 305 SL 292: Call not active

POSITIONAL TRADE
Unionbank: Buy above 181.5 for target of 187 SL 179.5 (2-3 Days)
Satyamcomp: Buy above 120.5 for target of 125 SL 119 (1 Week)

Thanks and Regards

S&P Wealth Creators

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