Market outlook for 13/06/11

Nifty closed down 35.25 points (0.64%) at 5485.80 while Nifty Future closed at 5484.15, discount of 1.65 points.
Bank Nifty closed down 71.15 points (0.66%) at 10714.25 while Future closed at 10694.95, discount of 19.30 points.

• FII sold in Cash (Net sell 170.05 Crore)
• FII sold in index future and index option but bought in stock future (Net sell 420.46 Crore)
• DII bought in Cash (Net buy 336.98 Crore)
• US futures are trading in deep RED.
• Global cues are Negative.
• SGX nifty is Negative as of now.
• Most Active Nifty May Call Option: 5500 and 5600.
• Most Active Nifty May Put Options: 5500 and 5400.
• Advance Decline for the day was 488:905.

NIFTY TECHNICAL

Current Spot: 5485.80
Pivot: 5488
5DEMA: 5515
10DEMA: 5514
20DEMA: 5519
50DEMA: 5557
RSI (15 days): 45.81
Parabolic SAR: 5605
Supports: 5455 - 5424 - 5391
Resistance: 5519 - 5552 - 5583
DeMark’s: 5440 - 5504

Nifty Future VWAP: 5485.32
MP Values Futures: VAH - 5492, POC - 5472, VAL - 5452

TARGET NIFTY
Buy Nifty Future above 5489 - 5516 - 5551 - 5586 SL - 5479
Sell Nifty Future below 5476 - 5452 - 5418 - 5383 SL - 5487

BANKNIFTY TECHNICAL

Current Spot: 10714.25
Pivot: 10719
5DEMA: 10781
10DEMA: 10787
20DEMA: 10820
50DEMA: 10961
RSI (15 days): 44.81
Parabolic SAR: 11056
Supports: 10623 - 10532 - 10436
Resistance: 10810 - 10906 - 10997
DeMark’s: 10577 - 10765

Bank Nifty Future VWAP: 10698.47
MP Values Bank Nifty Futures: VAH - 10742, POC - 10687, VAL - 10632

TARGET BANKNIFTY
Buy BankNifty Future above 10714 - 10799 - 10908 - 11006 SL - 10695
Sell BankNifty Future below 10679 - 10602 - 10504 - 10394 SL - 10711

INTRADAY TRADE
Reliance Industries: Buy above 947 for targets of 950, 956, 966 SL 942
Reliance Industries: Sell below 939 for targets of 936, 931, 923 SL 947
CESC: Buy above 294 for targets of 298, 305 SL 289
ArevaT&D: Buy above 262 for targets of 264, 268 SL 258

SCORE SHEET
Pateleng: Buy above 160 for targets of 163, 167 SL 157: Target 162.80 achieved
HindOilexp: Buy above 198 for targets of 201, 205 SL 193: Target 210.00 achieved

POSITIONAL TRADE
HCC: Buy above 34.4 for target of 38 SL 33 (One Week)
Pantaloonr: Buy above 286 for target of 305 SL 279 (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