Market outlook for 27/06/11

Nifty closed up 151.25 points (2.84%) at 5471.25 while Nifty Future closed at 5484.05, premium of 12.80 points.
Bank Nifty closed up 328.05 points (3.12%) at 10854.50 while Future closed at 10880.80, premium of 26.30 points.

• FII bought in Cash (Net buy 890.44 Crore)
• FII bought huge in index future, index option, stock future (Net buy 4869.66 Crore)
• DII sold in Cash (Net sell 486.85 Crore)
• US futures are trading flat.
• Global cues are flat.
• SGX nifty is negative 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 1164:276.

NIFTY TECHNICAL

Current Spot: 5471.25
Pivot: 5431
5DEMA: 5370
10DEMA: 5383
20DEMA: 5424
50DEMA: 5513
RSI (15 days): 51.48
Parabolic SAR: 5196
Supports: 5384 - 5296 - 5249
Resistance: 5518 - 5565 - 5653
DeMark’s: 5407 - 5542

Nifty Future VWAP: 5429.56
MP Values Futures: VAH - 5490, POC - 5475, VAL - 5393

TARGET NIFTY
Buy Nifty Future above 5488 - 5535 - 5589 - 5691 SL - 5434
Sell Nifty Future below 5429 - 5386 - 5284 - 5230 SL - 5445

BANKNIFTY TECHNICAL

Current Spot: 10854.50
Pivot: 10769
5DEMA: 10635
10DEMA: 10632
20DEMA: 10686
50DEMA: 10899
RSI (15 days): 53.85
Parabolic SAR: 10340
Supports: 10662 - 10470 - 10364
Resistance: 10961 - 11068 - 11260
DeMark’s: 10716 - 11014

Bank Nifty Future VWAP: 10782.72
MP Values Bank Nifty Futures: VAH - 10833, POC - 10737, VAL - 10641

TARGET BANKNIFTY
Buy BankNifty Future above 10889 - 10976 - 11077 - 11263 SL - 10791
Sell BankNifty Future below 10780 - 10701 - 10515 - 10414 SL - 10802

INTRADAY TRADE
Reliance Industries: Buy above 874 for targets of 878, 886, 900 SL 867
Reliance Industries: Sell below 865 for targets of 861, 853, 842 SL 871
Varun: Buy above 194 for targets of 197, 202 SL 187
JetAirways: Buy above 472 for targets of 477, 485 SL 459

SCORE SHEET
Titan: Buy above 230 for targets of 233, 239 SL 222: Target 234.80 achieved
Lichsgfin: Buy above 223 for targets of 225, 228 SL 219: Target 229.30 achieved

POSITIONAL TRADE
DishTV: Buy above 87 for target of 95 SL 84 (One Week)
Gvkpil: Buy above 19 for target of 21 SL 18.6 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