Market outlook for 14/06/10

Nifty rose 40.75 points (+0.80%) to 5119.35 whilst Nifty June Future closed at 5116.85 discount of 2.5 points.

• FII bought in Cash (Net buy 820.88 Crore)
• FII bought in index futures and stock futures but sold in index options (Net buy 1348.21 Crore)
• DII sold in Cash (Net sell 213.76 Crore)
• US market ended in Green.
• Global cues are Positive.
• SGX nifty is Flat as of now.
• Most Active Nifty June Call Option: 5100 and 5000.
• Most Active Nifty June Put Options: 5000 and 4900.
• Advance Decline for the day was 694:588

NIFTY Technical

Current Spot: 5119.35
Pivot: 5119
3DEMA: 5083
7DEMA: 5059
20DEMA: 5053
100DEMA: 5130
RSI (7 days): 60.25
Parabolic SAR: 4989
Supports: 5100 - 5080
Resistance: 5139 - 5159

MP Values Spot: VAH - 5131, POC - 5120, VAL - 5109
MP Values Futures: VAH - 5128, POC - 5115, VAL - 5109

Target Nifty
Buy Nifty above 5121 - 5137 - 5159 - 5183 SL - 5113
Sell Nifty below 5108 - 5096 - 5072 - 5050 SL - 5118

Stock Ideas for the Day
Reliance Industries: Buy above 1049 for targets of 1055, 1067, 1085 SL of 1037
Reliance Industries: Sell below 1034 for targets of 1030, 1013, 1001 SL of 1042
IRB Infra: Buy above 280 for target of 283, 289 SL 275
Yes Bank: Buy above 289 for target of 291, 294 SL 286

Positional Call
Man Industries: Buy above 85.5 for target of 92 SL 177 (One Week)
Aloktext: Buy above 18.1 for target of 20 SL 17.9 (One Month)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators

Call 09831497250 or mail us @ S&P Wealth Creators with your Name and Mobile No. for subscription offer of intraday calls during Market hours.