Market outlook for 20/06/11

Nifty closed down 30.35 points (0.56%) at 5366.40 while Nifty Future closed at 5380.10, premium of 13.70 points.
Bank Nifty closed up 26.10 points (0.25%) at 10598.25 while Future closed at 10622.60, premium of 24.35 points.

• FII sold in Cash (Net sell 390.56 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 1487.87 Crore)
• DII sold in Cash (Net sell 35.37 Crore)
• US futures are trading flat.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty May Call Option: 5400 and 5500.
• Most Active Nifty May Put Options: 5400 and 5300.
• Advance Decline for the day was 367:1062.

NIFTY TECHNICAL

Current Spot: 5366.40
Pivot: 5381
5DEMA: 5426
10DEMA: 5458
20DEMA: 5484
50DEMA: 5525
RSI (15 days): 37.71
Parabolic SAR: 5567
Supports: 5341 - 5316 - 5276
Resistance: 5406 - 5446 - 5472
DeMark’s: 5328 - 5394

Nifty Future VWAP: 5383.81
MP Values Futures: VAH - 5409, POC - 5391, VAL - 5373

TARGET NIFTY
Buy Nifty Future above 5393 - 5414 - 5440 - 5475 SL - 5384
Sell Nifty Future below 5372 - 5355 - 5328 - 5291 SL - 5391

BANKNIFTY TECHNICAL

Current Spot: 10598.25
Pivot: 10600
5DEMA: 10649
10DEMA: 10697
20DEMA: 10755
50DEMA: 10896
RSI (15 days): 42.77
Parabolic SAR: 10944
Supports: 10547 - 10495 - 10442
Resistance: 10651 - 10704 - 10756
DeMark’s: 10521 - 10626

Bank Nifty Future VWAP: 10607.41
MP Values Bank Nifty Futures: VAH - 10633, POC - 10610, VAL - 10587

TARGET BANKNIFTY
Buy BankNifty Future above 10631 - 10655 - 10694 - 10740 SL - 10607
Sell BankNifty Future below 10596 - 10578 - 10535 - 10490 SL - 10617

INTRADAY TRADE
Reliance Industries: Buy above 880 for targets of 883, 890, 902 SL 874
Reliance Industries: Sell below 870 for targets of 867, 860, 850 SL 878
Hindpetro: Buy above 383 for targets of 387, 392 SL 379
Timken: Buy above 239 for targets of 242, 247 SL 234

SCORE SHEET
Lovable: Buy above 455 for targets of 461, 473 SL 444: Call not activated
CenturyTex: Buy above 361 for targets of 366, 375 SL 349: Target 365.95 achieved

POSITIONAL TRADE
Maninds: Buy above 151 for target of 165 SL 145 (One Week)
Alkali: Buy above 60.5 for target of 68 SL 59 (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