Market outlook for 28/06/2013

Nifty closed up 93.65 points (1.68%) at 5682.35 while Nifty Future closed at 5687.05, premium of 4.70 points.
Bank Nifty closed up 169.20 points (1.53%) at 11235.75 while Future closed at 11287.65, premium of 51.90 points.

• FII sold huge in Cash (Net sell 1043.27 Crore)
• FII bought in index future, index option, stock future (Net buy 2429.03 Crore)
• DII bought in Cash (Net buy 358.38 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5600 and 5500.
• Advance Decline for the day was 696:591.
• McClellan's oscillator for NSE at -34

NIFTY TECHNICAL

Current Spot: 5682.35
Pivot: 5671
5DEMA: 5651
10DEMA: 5694
20DEMA: 5772
50DEMA: 5835
RSI (14 days): 40.70
Parabolic SAR: 5799
Supports: 5642 - 5602- 5574
Resistance: 5711 - 5739 - 5779

Nifty Future VIX Range: 5619 - 5753
Nifty Future VWAP: 5670.93
MP Values Nifty Future: VAH - 5690, POC - 5655, VAL - 5642

TARGET NIFTY
Buy Nifty Future above 5691 - 5715 - 5740 - 5775 SL - 5673
Sell Nifty Future below 5669 - 5655 - 5630 - 5595 SL - 5690

BANKNIFTY TECHNICAL

Current Spot: 11235.75
Pivot: 11226
5DEMA: 11254
10DEMA: 11442
20DEMA: 11749
50DEMA: 12007
RSI (14 days): 31.99
Parabolic SAR: 11341
Supports: 11175 - 11114 - 11062
Resistance: 11287 - 11338 - 11399

Bank Nifty Future VIX Range: 11130 - 11472
Bank Nifty Future VWAP: 11266.50
MP Values Bank Nifty Future: VAH - 11289, POC - 11261, VAL - 11233

TARGET BANKNIFTY
Buy BankNifty Future above 11295 - 11340 - 11390 - 11460 SL - 11261
Sell BankNifty Future below 11254 - 11215 - 11160 - 11100 SL - 11289

INTRADAY TRADE
Reliance: Buy above 832 for targets of 838, 848 SL 825
Reliance: Sell below 823 for targets of 817, 807 SL 829
Ongc: Buy above 321 for targets of 324, 328 SL 317
Cairn: Buy above 289 for targets of 292, 296 SL 285

SCORE SHEET
Gail: Buy above 298 for targets of 301, 307 SL 293: Target 305.95 done
Hcltech: Buy above 770 for targets of 776, 786 SL 761: Target 800.00 done

POSITIONAL TRADE
Recltd: Buy above 193.5 for target of 198 SL 191 (2-3 Days)
Jswenergy: Buy above 44 for target of 47 SL 42.4 (1 Week)

Thanks and Regards

S&P Wealth Creators