Market outlook for 26/06/2012

Nifty closed down 31.40 points (0.61%) at 5114.65 while Nifty Future closed at 5109.30, discount of 5.35 points.
Bank Nifty closed down 112.60 points (1.12%) at 9925.75 while Future closed at 9901.50, discount of 24.25 points.

• FII bought in Cash (Net buy 153.10 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 116.49 Crore)
• DII bought in Cash (Net buy 26.18 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 775:694.

NIFTY TECHNICAL

Current Spot: 5114.65
Pivot: 5138
5DEMA: 5125
10DEMA: 5103
20DEMA: 5066
50DEMA: 5065
RSI (14 days): 55.56
Parabolic SAR: 5094
Supports: 5082 - 5049 - 4993
Resistance: 5171 - 5227 - 5260
CAM Support: 5106 - 5098 - 5090 - 5066
CAM Resistance: 5123 - 5131 - 5139 - 5164
Nifty Future VIX Range: 5057 - 5172

Nifty Future VWAP: 5160.12
MP Values Nifty Future: VAH - 5201, POC - 5174, VAL - 5134

TARGET NIFTY
Buy Nifty Future above 5141 - 5173 - 5235 - 5275 SL - 5126
Sell Nifty Future below 5102 - 5073 - 5035 - 4975 SL - 5139

BANKNIFTY TECHNICAL

Current Spot: 9925.75
Pivot: 10004
5DEMA: 9946
10DEMA: 9912
20DEMA: 9835
50DEMA: 9821
RSI (14 days): 53.57
Parabolic SAR: 9783
Supports: 9915 - 9703 - 9514
Resistance: 10115 - 10305 - 10416
CAM Support: 9898 - 9871 - 9843 - 9760
CAM Resistance: 9953 - 9981 - 10008 - 10091
Bank Nifty Future VIX Range: 9731 - 10072

Bank Nifty Future VWAP: 10056.22
MP Values Bank Nifty Future: VAH - 10185, POC - 10125, VAL - 9993

TARGET BANKNIFTY
Buy BankNifty Future above 9993 - 10095 - 10295 - 10415 SL - 9972
Sell BankNifty Future below 9887 - 9790 - 9675 - 9505 SL - 9991

INTRADAY TRADE
Reliance Industries: Buy above 721 for targets of 723, 727, 731 SL 715
Reliance Industries: Sell below 713 for targets of 711, 708, 703 SL 719
Everonn: Buy above 215 for targets of 218, 223 SL 212
SunTv: Buy above 296 for targets of 300, 308 SL 291

SCORE SHEET
Biocon: Buy above 233 for targets of 236, 240 SL 229: Target 236.15 done
Relcapital: Buy above 355 for targets of 359, 365 SL 347: Target 362.35 done

POSITIONAL TRADE
Educomp: Buy above 168 for target of 174 SL 164 (2-3 Days)
AndhraBank: Buy above 123 for target of 130 SL 122 (1 Week)

Thanks and Regards

S&P Wealth Creators