Market outlook for 11/06/2012

Nifty closed up 18.70 points (0.37%) at 5068.35 while Nifty Future closed at 5059.40, discount of 8.95 points.
Bank Nifty closed up 47.95 points (0.48%) at 9998.85 while Future closed at 9939.50, discount of 59.35 points.

• FII bought in Cash (Net buy 202.01 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 299.14 Crore)
• DII sold in Cash (Net sell 81.48 Crore)
• Most Active Nifty Call Option: 5000 and 5100.
• Most Active Nifty Put Options: 5000 and 4900.
• Advance Decline for the day was 667:745.

NIFTY TECHNICAL

Current Spot: 5068.35
Pivot: 5049
5DEMA: 4998
10DEMA: 4964
20DEMA: 4967
50DEMA: 5058
RSI (14 days): 57.35
Parabolic SAR: 4788
Supports: 5014 - 4960 - 4924
Resistance: 5104 - 5139 - 5193
CAM Support: 5060 - 5052 - 5044 - 5019
CAM Resistance: 5077 - 5085 - 5093 - 5118
Nifty Future VIX Range: 5000 - 5119

Nifty Future VWAP: 5013.65
MP Values Nifty Future: VAH - 5021, POC - 4997, VAL - 4973

TARGET NIFTY
Buy Nifty Future above 5063 - 5100 - 5145 - 5205 SL - 5031
Sell Nifty Future below 5027 - 4995 - 4935 - 4885 SL - 5039

BANKNIFTY TECHNICAL

Current Spot: 9998.85
Pivot: 9947
5DEMA: 9780
10DEMA: 9654
20DEMA: 9613
50DEMA: 9803
RSI (14 days): 60.53
Parabolic SAR: 9164
Supports: 9862 - 9725 - 9641
Resistance: 10083 - 10168 - 10305
CAM Support: 9979 - 9958 - 9938 - 9877
CAM Resistance: 10019 - 10039 - 10060 - 10121
Bank Nifty Future VIX Range: 9774 - 10105

Bank Nifty Future VWAP: 9814.74
MP Values Bank Nifty Future: VAH - 9855, POC - 9797, VAL - 9739

TARGET BANKNIFTY
Buy BankNifty Future above 9947 - 10040 - 10150 - 10310 SL - 9871
Sell BankNifty Future below 9861 - 9775 - 9600 - 9495 SL - 9887

INTRADAY TRADE
Reliance Industries: Buy above 732 for targets of 735, 741, 750 SL 723
Reliance Industries: Sell below 721 for targets of 718, 712, 702 SL 726
Bhel: Buy above 221.70 for targets of 223, 225 SL 219
Dlf: Buy above 197 for targets of 199, 202 SL 194.40

SCORE SHEET
Relcapital: Buy above 340 for targets of 344, 351 SL 333: Target 341.90 done
JswSteel: Buy above 652 for targets of 660, 672 SL 639: Target 699.00 done

POSITIONAL TRADE
Hdil: Buy above 73 for target of 77 SL 71 (2-3 Days)
Relinfra: Buy above 505 for target of 535 SL 494 (1 Week)

Thanks and Regards

S&P Wealth Creators