Market outlook for 28/06/2012

Nifty closed up 21.10 points (0.41%) at 5141.90 while Nifty Future closed at 5139.65, discount of 2.25 points.
Bank Nifty closed up 47.70 points (0.48%) at 10017.80 while Future closed at 9999.25, discount of 18.55 points.

• FII bought in Cash (Net buy 86.09 Crore)
• FII bought in index future, index option and in stock future (Net buy 1641.36 Crore)
• DII sell in Cash (Net sell 15.07 Crore)
• Most Active Nifty Call Option: 5100 and 5200.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 810:630.

NIFTY TECHNICAL

Current Spot: 5141.90
Pivot: 5144
5DEMA: 5130
10DEMA: 5113
20DEMA: 5078
50DEMA: 5075
RSI (14 days): 57.72
Parabolic SAR: 5096
Supports: 5127 - 5113 - 5097
Resistance: 5158 - 5175 - 5189
CAM Support: 5139 - 5136 - 5133 - 5125
CAM Resistance: 5145 - 5148 - 5151 - 5159
Nifty Future VIX Range: 5085 - 5194

Nifty Future VWAP: 5145.88
MP Values Nifty Future: VAH - 5161, POC - 5152, VAL - 5140

TARGET NIFTY
Buy Nifty Future above 5146 - 5157 - 5175 - 5195 SL - 5138
Sell Nifty Future below 5132 - 5124 - 5110 - 5085 SL - 5145

BANKNIFTY TECHNICAL

Current Spot: 10017.80
Pivot: 10039
5DEMA: 9975
10DEMA: 9940
20DEMA: 9864
50DEMA: 9842
RSI (14 days): 56.05
Parabolic SAR: 9867
Supports: 9968 - 9918 - 9847
Resistance: 10089 - 10160 - 10210
CAM Support: 10007 - 9996 - 9984 - 9951
CAM Resistance: 10029 - 10040 - 10051 - 10084
Bank Nifty Future VIX Range: 9836 - 10162

Bank Nifty Future VWAP: 10033.79
MP Values Bank Nifty Future: VAH - 10099, POC - 10053, VAL - 10000

TARGET BANKNIFTY
Buy BankNifty Future above 10024 - 10070 - 10155 - 10215 SL - 9996
Sell BankNifty Future below 9984 - 9940 - 9880 - 9795 SL - 10022

INTRADAY TRADE
Reliance Industries: Buy above 727 for targets of 729, 733, 739 SL 722
Reliance Industries: Sell below 719 for targets of 717, 713, 707 SL 725
Recltd: Buy above 185.5 for targets of 187, 190 SL 182.8
Optocircui: Buy above 153.5 for targets of 155, 158 SL 151

SCORE SHEET
Gail: Buy above 353 for targets of 357, 363 SL 349: Target 359.70 done
Finantech: Buy above 736 for targets of 742, 753 SL 727: Target 745.00 done

POSITIONAL TRADE
PTC: Buy above 63 for target of 66 SL 62 (2-3 Days)
Idfc: Buy above 135 for target of 145 SL 132 (1 Week)

Thanks and Regards

S&P Wealth Creators