Market outlook for 22/06/2012

Nifty closed up 44.45 points (0.87%) at 5165.00 while Nifty Future closed at 5173.85, premium of 8.85 points.
Bank Nifty closed up 201.85 points (2.05%) at 10033.65 while Future closed at 10036.70, premium of 3.05 points.

• FII sold in Cash, yes Sold (Net sell 257.29 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 264.72 Crore)
• DII bought in Cash (Net buy 68.67 Crore)
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 936:512.

NIFTY TECHNICAL

Current Spot: 5165.00
Pivot: 5143
5DEMA: 5122
10DEMA: 5090
20DEMA: 5052
50DEMA: 5074
RSI (14 days): 60.29
Parabolic SAR: 5057
Supports: 5116 - 5066 - 5039
Resistance: 5192 - 5220 - 5269
CAM Support: 5158 - 5151 - 5144 - 5123
CAM Resistance: 5172 - 5179 - 5186 - 5207
Nifty Future VIX Range: 5113 - 5235

Nifty Future VWAP: 5131.35
MP Values Nifty Future: VAH - 5151, POC - 5109, VAL - 5094

TARGET NIFTY
Buy Nifty Future above 5178 - 5202 - 5230 - 5280 SL - 5146
Sell Nifty Future below 5140 - 5120 - 5070 - 5035 SL - 5155

BANKNIFTY TECHNICAL

Current Spot: 10033.65
Pivot: 9950
5DEMA: 9915
10DEMA: 9880
20DEMA: 9804
50DEMA: 9846
RSI (14 days): 56.68
Parabolic SAR: 9680
Supports: 9853 - 9672 - 9575
Resistance: 10131 - 10228 - 10408
CAM Support: 10008 - 9983 - 9957 - 9881
CAM Resistance: 10059 - 10085 - 10110 - 10186
Bank Nifty Future VIX Range: 9856 - 10217

Bank Nifty Future VWAP: 9899.17
MP Values Bank Nifty Future: VAH -9967, POC - 9857, VAL - 9747

TARGET BANKNIFTY
Buy BankNifty Future above 10044 - 10140 - 10250 - 10450 SL - 9942
Sell BankNifty Future below 9932 - 9845 - 9650 - 9530 SL - 9971

INTRADAY TRADE
Reliance Industries: Buy above 725 for targets of 728, 733, 741 SL 719
Reliance Industries: Sell below 716 for targets of 713, 708, 700 SL 723
RelInfra: Buy above 538 for targets of 543, 551 SL 526
Bhel: Buy above 223 for targets of 225, 228 SL 220

SCORE SHEET
Pantaloonr: Buy above 182 for targets of 183.5, 186 SL 179: SL Hit
Educomp: Buy above 153 for targets of 155, 160 SL 149: Target 157.85 done

POSITIONAL TRADE
Educomp: Buy above 157 for target of 168 SL 154 (2-3 Days)
Voltas: Buy above 103.5 for target of 110 SL 102 (1 Week)

Thanks and Regards

S&P Wealth Creators