Market outlook for 29/06/11

Nifty closed up 18.70 points (0.34%) at 5545.30 while Nifty Future closed at 5549.05, premium of 3.75 points.
Bank Nifty closed up 21.55 points (0.20%) at 11054.05 while Future closed at 11070.25, premium of 16.20 points.

• FII bought in Cash (Net buy 819.41 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 943.55 Crore)
• DII sold in Cash (Net sell 575.06 Crore)
• US futures are trading positive.
• Global cues are flat.
• 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 760:645.

NIFTY TECHNICAL

Current Spot: 5545.30
Pivot: 5533
5DEMA: 5463
10DEMA: 5434
20DEMA: 5445
50DEMA: 5515
RSI (15 days): 56.61
Parabolic SAR: 5217
Supports: 5508 - 5471 - 5446
Resistance: 5570 - 5595 - 5632
DeMark’s: 5490 - 5552

Nifty Future VWAP: 5530.32
MP Values Futures: VAH - 5550, POC - 5531, VAL - 5512

TARGET NIFTY
Buy Nifty Future above 5553 - 5572 - 5597 - 5638 SL - 5530
Sell Nifty Future below 5524 - 5511 - 5469 - 5444 SL - 5541

BANKNIFTY TECHNICAL

Current Spot: 11054.05
Pivot: 11052
5DEMA: 10863
10DEMA: 10769
20DEMA: 10751
50DEMA: 10910
RSI (15 days): 59.62
Parabolic SAR: 10385
Supports: 10989 - 10924 - 10862
Resistance: 11117 - 11179 - 11244
DeMark’s: 10957 - 11084

Bank Nifty Future VWAP: 11065.12
MP Values Bank Nifty Futures: VAH - 11099, POC - 11066, VAL - 11033

TARGET BANKNIFTY
Buy BankNifty Future above 11080 - 11130 - 11200 - 11280 SL - 11059
Sell BankNifty Future below 11048 - 11001 - 10925 - 10855 SL - 11075

INTRADAY TRADE
Reliance Industries: Buy above 873 for targets of 876, 881, 889 SL 868
Reliance Industries: Sell below 866 for targets of 863, 858, 850 SL 872
Hindalco: Buy above 182 for targets of 183, 186 SL 178
Jublfood: Buy above 860 for targets of 872, 890 SL 847

SCORE SHEET
Exideind: Buy above 163 for targets of 165, 168 SL 159: Target 168.80 achieved
Yesbank: Buy above 315 for targets of 318, 325 SL 309: SL Hit

POSITIONAL TRADE
Tatacoffee: Buy above 823 for target of 895 SL 798 (One Week)
Ceatltd: Buy above 112 for target of 123 SL 106 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