Market outlook for 15/06/11

Nifty closed up 17.70 points (0.32%) at 5500.50 while Nifty Future closed at 5515.80, premium of 15.30 points.
Bank Nifty closed up 86.45 points (0.81%) at 10803.95 while Future closed at 10824.30, premium of 20.35 points.

• FII sold in Cash (Net sell 798.53 Crore)
• FII sold in stock future and index option but bought in index future (Net sell 264.40 Crore)
• DII bought in Cash (Net buy 610.72 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 800:596.

NIFTY TECHNICAL

Current Spot: 5500.50
Pivot: 5502
5DEMA: 5503
10DEMA: 5507
20DEMA: 5514
50DEMA: 5555
RSI (15 days): 47.37
Parabolic SAR: 5595
Supports: 5483 - 5466 - 5447
Resistance: 5509 - 5538 - 5555
DeMark’s: 5492 - 5528

Nifty Future VWAP: 5517.64
MP Values Futures: VAH - 5526, POC - 5516, VAL - 5506

TARGET NIFTY
Buy Nifty Future above 5520 - 5535 - 5552 - 5572 SL - 5509
Sell Nifty Future below 5504 - 5496 - 5479 - 5459 SL - 5518

BANKNIFTY TECHNICAL

Current Spot: 10803.95
Pivot: 10790
5DEMA: 10775
10DEMA: 10780
20DEMA: 10810
50DEMA: 10949
RSI (15 days): 48.22
Parabolic SAR: 11030
Supports: 10751 - 10697 - 10658
Resistance: 10844 - 10884 - 10937
DeMark’s: 10771 - 10864

Bank Nifty Future VWAP: 10806.03
MP Values Bank Nifty Futures: VAH - 10833, POC - 10809, VAL - 10785

TARGET BANKNIFTY
Buy BankNifty Future above 10832 - 10856 - 10890 - 10940 SL - 10805
Sell BankNifty Future below 10794 - 10778 - 10730 - 10690 SL - 10816

INTRADAY TRADE
Reliance Industries: Buy above 922 for targets of 924, 928, 937 SL 915
Reliance Industries: Sell below 907 for targets of 905, 900, 890 SL 920
BataIndia: Buy above 558 for targets of 564, 575 SL 550
Lovable: Buy above 415 for targets of 419, 427 SL 403

SCORE SHEET
Arssinfra: Buy above 475 for targets of 480, 488 SL 464: Call not activated
IRB: Buy above 177 for targets of 179, 183 SL 173: Target 178.80 achieved

POSITIONAL TRADE
Timken: Buy above 241 for target of 270 SL 231 (One Week)
Prajind: Buy above 76 for target of 85 SL 73 (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