Market outlook for 14/06/11

Nifty closed down 3.00 points (0.05%) at 5482.80 while Nifty Future closed at 5498.50, premium of 15.70 points.
Bank Nifty closed up 3.25 points (0.03%) at 10717.50 while Future closed at 10732.40, premium of 14.90 points.

• FII sold in Cash (Net sell 304.17 Crore)
• FII bought in stock future and index option but sold in index future (Net buy 159.12 Crore)
• DII bought in Cash (Net buy 27.34 Crore)
• US futures are trading Positive.
• Global cues are Positive.
• SGX nifty is flat 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 667:732.

NIFTY TECHNICAL

Current Spot: 5482.80
Pivot: 5472
5DEMA: 5504
10DEMA: 5508
20DEMA: 5515
50DEMA: 5557
RSI (15 days): 45.58
Parabolic SAR: 5602
Supports: 5448 - 5412 - 5388
Resistance: 5507 - 5532 - 5567
DeMark’s: 5460 - 5520

Nifty Future VWAP: 5478.47
MP Values Futures: VAH - 5511, POC - 5493, VAL - 5467

TARGET NIFTY
Buy Nifty Future above 5503 - 5525 - 5554 - 5599 SL - 5480
Sell Nifty Future below 5474 - 5456 - 5411 - 5382 SL - 5487

BANKNIFTY TECHNICAL

Current Spot: 10717.50
Pivot: 10697
5DEMA: 10760
10DEMA: 10774
20DEMA: 10810
50DEMA: 10955
RSI (15 days): 45.01
Parabolic SAR: 11048
Supports: 10637 - 10556 - 10495
Resistance: 10778 - 10838 - 10919
DeMark’s: 10667 - 10808

Bank Nifty Future VWAP: 10689.39
MP Values Bank Nifty Futures: VAH - 10763, POC - 10717, VAL - 10671

TARGET BANKNIFTY
Buy BankNifty Future above 10740 - 10792 - 10857 - 10955 SL - 10694
Sell BankNifty Future below 10684 - 10640 - 10542 - 10477 SL - 10705

INTRADAY TRADE
Reliance Industries: Buy above 935 for targets of 937, 945, 956 SL 928
Reliance Industries: Sell below 921 for targets of 919, 912, 903 SL 932
Arssinfra: Buy above 475 for targets of 480, 488 SL 464
IRB: Buy above 177 for targets of 179, 183 SL 173

SCORE SHEET
CESC: Buy above 294 for targets of 298, 305 SL 289: Target 299.00 achieved
ArevaT&D: Buy above 262 for targets of 264, 268 SL 258: Target 269.80 achieved

POSITIONAL TRADE
Max: Buy above 180 for target of 195 SL 175 (3-4 Days)
PunjLloyd: Buy above 71 for target of 78 SL 69 (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