Market outlook for 06/06/2012

Nifty closed up 15.15 points (0.31%) at 4863.30 while Nifty Future closed at 4846.30, discount of 17.00 points.

Bank Nifty closed up 97.85 points (1.05%) at 9460.15 while Future closed at 9389.30, discount of 70.85 points.

• FII sold in Cash (Net sell 680.86 Crore)
• FII bought in index future, index option and stock future (Net buy 936.77 Crore)
• DII bought in Cash (Net buy 794.65 Crore)
• Most Active Nifty Call Option: 4900 and 5000.
• Most Active Nifty Put Options: 4800 and 4700.
• Advance Decline for the day was 770:651.

NIFTY TECHNICAL

Current Spot: 4863.30
Pivot: 4870
5DEMA: 4880
10DEMA: 4899
20DEMA: 4942
50DEMA: 5055
RSI (14 days): 38.34
Parabolic SAR: 5005
Supports: 4841 - 4819 - 4790
Resistance: 4892 - 4921 - 4944
CAM Support: 4859 - 4854 - 4849 - 4835
CAM Resistance: 4868 - 4873 - 4877 - 4891
Nifty Future VIX Range: 4795 - 4897

Nifty Future VWAP: 4852.80
MP Values Nifty Future: VAH - 4865, POC - 4851, VAL - 4837

TARGET NIFTY
Buy Nifty Future above 4853 - 4874 - 4900 - 4930 SL - 4843
Sell Nifty Future below 4839 - 4822 - 4795 - 4765 SL - 4851

BANKNIFTY TECHNICAL

Current Spot: 9460.15
Pivot: 9469
5DEMA: 9426
10DEMA: 9438
20DEMA: 9510
50DEMA: 9761
RSI (14 days): 46.18
Parabolic SAR: 9770
Supports: 9392 - 9324 - 9247
Resistance: 9537 - 9614 - 9682
CAM Support: 9447 - 9434 - 9420 - 9380
CAM Resistance: 9473 - 9487 - 9500 - 9540
Bank Nifty Future VIX Range: 9242 - 9537

Bank Nifty Future VWAP: 9412.83
MP Values Bank Nifty Future: VAH - 9446, POC - 9403, VAL - 9360

TARGET BANKNIFTY
Buy BankNifty Future above 9404 - 9475 - 9560 - 9650 SL - 9382
Sell BankNifty Future below 9375 - 9315 - 9225 - 9140 SL - 9402

INTRADAY TRADE
Reliance Industries: Buy above 704 for targets of 706, 710, 716 SL 699
Reliance Industries: Sell below 698 for targets of 696, 692, 687 SL 703
Mcleodruss: Buy above 290 for targets of 293, 300 SL 285
Relinfra: Buy above 452 for targets of 456, 463 SL 449

SCORE SHEET
TataMotors: Buy above 230 for targets of 233, 238 SL 225: Call not active
Pantaloonr: Buy above 150 for targets of 153, 158 SL 145: Target 157.20 done

POSITIONAL TRADE
Bfutilitie: Buy above 394 for target of 414 SL 383 (2-3 Days)
Kpit: Buy above 125 for target of 132 SL 123 (1 Week)

Thanks and Regards

S&P Wealth Creators