Market outlook for 19/06/2012

Nifty closed down 74.80 points (1.46%) at 5064.25 while Nifty Future closed at 5058.80, discount of 5.45 points.
Bank Nifty closed down 314.90 points (3.13%) at 9749.90 while Future closed at 9707.50, discount of 42.40 points.

• FII bought in Cash (Net buy 412.41 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 168.79 Crore)
• DII sold in Cash (Net sell 63.36 Crore)
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 277:760.

NIFTY TECHNICAL

Current Spot: 5064.25
Pivot: 5099
5DEMA: 5082
10DEMA: 5053
20DEMA: 5023
50DEMA: 5058
RSI (14 days): 53.36
Parabolic SAR: 4965
Supports: 5007 - 4950 - 4859
Resistance: 5156 - 5247 - 5304
CAM Support: 5051 - 5037 - 5023 - 4983
CAM Resistance: 5078 - 5091 - 5105 - 5146
Nifty Future VIX Range: 4996 - 5121

Nifty Future VWAP: 5095.28
MP Values Nifty Future: VAH - 5138, POC - 5082, VAL - 5032

TARGET NIFTY
Buy Nifty Future above 5098 - 5154 - 5250 - 5305 SL - 5083
Sell Nifty Future below 5051 - 5000 - 4945 - 4845 SL - 5096

BANKNIFTY TECHNICAL

Current Spot: 9749.90
Pivot: 9881
5DEMA: 9908
10DEMA: 9862
20DEMA: 9772
50DEMA: 9813
RSI (14 days): 49.75
Parabolic SAR: 9603
Supports: 9564 - 9379 - 9062
Resistance: 10067 - 10383 - 10569
CAM Support: 9704 - 9658 - 9612 - 9474
CAM Resistance: 9796 - 9842 - 9888 - 10026
Bank Nifty Future VIX Range: 9526 - 9889

Bank Nifty Future VWAP: 9835.28
MP Values Bank Nifty Future: VAH -9995, POC - 9775, VAL - 9651

TARGET BANKNIFTY
Buy BankNifty Future above 9855 - 10040 - 10330 - 10550 SL - 9813
Sell BankNifty Future below 9693 - 9515 - 9320 - 8990 SL - 9852

INTRADAY TRADE
Reliance Industries: Buy above 725 for targets of 729, 736, 747 SL 720
Reliance Industries: Sell below 716 for targets of 712, 705, 694 SL 724
TataSteel: Buy above 421 for targets of 424, 430 SL 418
Pantaloonr: Buy above 170 for targets of 172, 176 SL 168

SCORE SHEET
LT: Buy above 1327 for targets of 1340, 1360 SL 1311: Target 1358.75 done
Ambujacem: Buy above 170 for targets of 172, 174 SL 167: Call not active

POSITIONAL TRADE
Tinplate: Buy above 55.8 for target of 60 SL 54.5 (2-3 Days)
Titan: Buy above 220 for target of 235 SL 218 (1 Week)

Thanks and Regards

S&P Wealth Creators