Market outlook for 16/06/11

Nifty closed down 53.00 points (0.96%) at 5447.50 while Nifty Future closed at 5450.60, premium of 3.10 points.
Bank Nifty closed down 177.30 points (1.64%) at 10626.65 while Future closed at 10636.40, premium of 9.75 points.

• FII sold in Cash (Net sell 170.56 Crore)
• FII sold in stock future, index future and index option (Net sell 1540.40 Crore)
• DII bought in Cash (Net buy 141.14 Crore)
• US futures are trading in Red.
• Global cues are Red.
• 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 468:936.

NIFTY TECHNICAL

Current Spot: 5447.50
Pivot: 5462
5DEMA: 5484
10DEMA: 5496
20DEMA: 5507
50DEMA: 5544
RSI (15 days): 43.19
Parabolic SAR: 5589
Supports: 5425 - 5402 - 5364
Resistance: 5485 - 5522 - 5545
DeMark’s: 5413 - 5473

Nifty Future VWAP: 5470.32
MP Values Futures: VAH - 5482, POC - 5455, VAL - 5439

TARGET NIFTY
Buy Nifty Future above 5469 - 5488 - 5529 - 5555 SL - 5459
Sell Nifty Future below 5442 - 5427 - 5400 - 5360 SL - 5467

BANKNIFTY TECHNICAL

Current Spot: 10626.65
Pivot: 10677
5DEMA: 10725
10DEMA: 10752
20DEMA: 10792
50DEMA: 10924
RSI (15 days): 43.01
Parabolic SAR: 11013
Supports: 10558 - 10490 - 10371
Resistance: 10745 - 10864 - 10932
DeMark’s: 10524 - 10711

Bank Nifty Future VWAP: 10696.60
MP Values Bank Nifty Futures: VAH - 10740, POC - 10652, VAL - 10608

TARGET BANKNIFTY
Buy BankNifty Future above 10701 - 10773 - 10915 - 11000 SL - 10687
Sell BankNifty Future below 10620 - 10556 - 10470 - 10325 SL - 10698

INTRADAY TRADE
Reliance Industries: Buy above 911 for targets of 912, 917, 928 SL 904
Reliance Industries: Sell below 900 for targets of 898, 894, 886 SL 908
Godrejind: Buy above 198 for targets of 199.5, 203 SL 194
Insecticid: Buy above 348 for targets of 352, 358 SL 343

SCORE SHEET
BataIndia: Buy above 558 for targets of 564, 575 SL 550: Target 567.00 achieved
Lovable: Buy above 415 for targets of 419, 427 SL 403: Call not activated

POSITIONAL TRADE
FSL: Buy above 19.9 for target of 22 SL 19.3 (One Week)
DishTV: Buy above 87 for target of 95 SL 85 (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