Market outlook for 25/06/10

Nifty fell 2.55 points (0.05%) to 5320.60 whilst Nifty July Future closed at 5313 discount of 7.6 points.

• FII bought in Cash (Net buy 1153.96 Crore)
• FII sold in stock futures but bought in index options and index futures (Net sell 554.77 Crore)
• DII sold in Cash (Net sell 893.83 Crore)
• US market ended in Red.
• Global cues are flat to Negative.
• SGX nifty is Negative as of now.
• Most Active Nifty July Call Option: 5300 and 5400.
• Most Active Nifty July Put Options: 5300 and 5200.
• Advance Decline for the day was 699:596

NIFTY Technical

Current Spot: 5320.60
Pivot: 5318
3DEMA: 5318
7DEMA: 5287
20DEMA: 5193
50DEMA: 5165
RSI (7 days): 70.02
Parabolic SAR: 5273
Supports: 5287 - 5254
Resistance: 5351 - 5382

MP Values Spot: VAH - 5346, POC - 5340, VAL - 5309
MP Values Futures: VAH - 5353, POC - 5345, VAL - 5310

Target Nifty
Buy Nifty above 5325 - 5351 - 5384 - 5417 SL - 5318
Sell Nifty below 5312 - 5290 - 5257 - 5224 SL - 5323

Stock Ideas for the Day
Reliance Industries: Buy above 1060 for targets of 1064, 1071, 1079 SL of 1052
Reliance Industries: Sell below 1047 for targets of 1044, 1039, 1028 SL of 1058
HindOilExp: Buy above 225 for target of 231, 240 SL 218
BRFL: Buy above 257 for target of 261, 268 SL 251

Positional Call
Punj LLoyd: Buy above 130.5 for target of 135 SL 128.5 (One Week)
Gulf Oil: Buy above 110 for target of 115 SL 108 (One Week)

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.