Market outlook for 29/06/2012

Nifty closed up 7.25 points (0.14%) at 5149.15 while Nifty Future closed at 5155.75, premium of 6.60 points.
Bank Nifty closed down 13.95 points (0.14%) at 10003.85 while Future closed at 9973.25, discount of 30.60 points.

• FII sold in Cash (Net sell 1112.63 Crore)
• FII bought in index future, index option and in stock future (Net buy 1329.38 Crore)
• DII bought in Cash (Net sell 772.37 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5100 and 5000.
• Advance Decline for the day was 758:705.

NIFTY TECHNICAL

Current Spot: 5149.15
Pivot: 5145
5DEMA: 5136
10DEMA: 5119
20DEMA: 5084
50DEMA: 5074
RSI (14 days): 58.48
Parabolic SAR: 5113
Supports: 5130 - 5111 - 5096
Resistance: 5164 - 5178 - 5197
CAM Support: 5146 - 5143 - 5140 - 5131
CAM Resistance: 5152 - 5155 - 5158 - 5167
Nifty Future VIX Range: 5102 - 5209

Nifty Future VWAP: 5164.11
MP Values Nifty Future: VAH - 5158, POC - 5153, VAL - 5140

TARGET NIFTY
Buy Nifty Future above 5155 - 5164 - 5179 - 5200 SL - 5141
Sell Nifty Future below 5136 - 5125 - 5110 - 5095 SL - 5146

BANKNIFTY TECHNICAL

Current Spot: 10003.85
Pivot: 10002
5DEMA: 9985
10DEMA: 9951
20DEMA: 9877
50DEMA: 9835
RSI (14 days): 55.72
Parabolic SAR: 9903
Supports: 9952 - 9900 - 9850
Resistance: 10054 - 10104 - 10156
CAM Support: 9994 - 9985 - 9976 - 9948
CAM Resistance: 10013 - 10023 - 10032 - 10060
Bank Nifty Future VIX Range: 9816 - 10131

Bank Nifty Future VWAP: 10004.12
MP Values Bank Nifty Future: VAH - 10029, POC - 10005, VAL - 9981

TARGET BANKNIFTY
Buy BankNifty Future above 10020 - 10055 - 10100 - 10165 SL - 9992
Sell BankNifty Future below 9982 - 9955 - 9895 - 9850 SL - 10012

INTRADAY TRADE
Reliance Industries: Buy above 725 for targets of 727, 731, 736 SL 720
Reliance Industries: Sell below 717 for targets of 715, 711, 706 SL 723
TataSteel: Buy above 430 for targets of 433, 437 SL 426
Godrejind: Buy above 237 for targets of 239, 243 SL 233

SCORE SHEET
Recltd: Buy above 185.5 for targets of 187, 190 SL 182.8: Target 187.50 done
Optocircui: Buy above 153.5 for targets of 155, 158 SL 151: Target 157.95 done

POSITIONAL TRADE
Ktkbank: Buy above 92 for target of 96 SL 90 (2-3 Days)
Petronet: Buy above 145 for target of 155 SL 143 (1 Week)

Thanks and Regards

S&P Wealth Creators