Market outlook for 12/06/2013

Nifty closed down 89.20 points (1.52%) at 5788.80 while Nifty Future closed at 5801.65, premium of 12.85 points.
Bank Nifty closed down 266.55 points (2.21%) at 11820.50 while Future closed at 11820.05, discount of 0.45 points.

• FII sold in Cash (Net sell 885.85 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 656.77 Crore)
• DII bought in Cash (Net buy 313.42 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 262:1025.

NIFTY TECHNICAL

Current Spot: 5788.80
Pivot: 5812
5DEMA: 5870
10DEMA: 5923
20DEMA: 5962
50DEMA: 5941
RSI (14 days): 34.30
Parabolic SAR: 6009
Supports: 5757 - 5725 - 5669
Resistance: 5844 - 5900 - 5932

Nifty Future VIX Range: 5738 - 5856
Nifty Future VWAP: 5827.79
MP Values Nifty Future: VAH - 5836, POC - 5818, VAL - 5800

TARGET NIFTY
Buy Nifty Future above 5836 - 5852 - 5875 - 5920 SL - 5800
Sell Nifty Future below 5793 - 5775 - 5750 - 5705 SL - 5827

BANKNIFTY TECHNICAL

Current Spot: 11820.50
Pivot: 11883
5DEMA: 12119
10DEMA: 12310
20DEMA: 12465
50DEMA: 12393
RSI (14 days): 32.30
Parabolic SAR: 12560
Supports: 11733 - 11646 - 11497
Resistance: 11970 - 12119 - 12206

Bank Nifty Future VIX Range: 11643 - 11987
Bank Nifty Future VWAP: 11908.08
MP Values Bank Nifty Future: VAH - 11931, POC - 11865, VAL - 11803

TARGET BANKNIFTY
Buy BankNifty Future above 11931 - 11990 - 12100 - 12240 SL - 11865
Sell BankNifty Future below 11802 - 11730 - 11630 - 11500 SL - 11907

INTRADAY TRADE
Reliance: Buy above 788 for targets of 794, 805 SL 782
Reliance: Sell below 780 for targets of 774, 763 SL 779
Ambujacem: Buy above 176.5 for targets of 177.5, 180 SL 175
Techm: Buy above 972 for targets of 981, 1000 SL 958

SCORE SHEET
Wipro: Buy above 344 for targets of 346, 349 SL 341: Target 347.00 done
Rallis: Buy above 140 for targets of 141.5, 143.5 SL 138.5: Target 143.70 done

POSITIONAL TRADE
Vikasglob: Buy above 212 for target of 222 SL 205 (2-3 Days)
Voltas: Buy above 82 for target of 86 SL 80 (1 Week)

Thanks and Regards

S&P Wealth Creators