Market outlook for 13/06/2013

Nifty closed down 28.60 points (0.49%) at 5760.20 while Nifty Future closed at 5771.90, premium of 11.70 points.
Bank Nifty closed down 5.65 points (0.05%) at 11814.85 while Future closed at 11814.35, discount of 0.50 points.

• FII sold in Cash (Net sell 1060.17 Crore)
• FII sold in index future, stock future and in index option (Net sell 2236.41 Crore)
• DII bought in Cash (Net buy 717.89 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 510:794.

NIFTY TECHNICAL

Current Spot: 5760.20
Pivot: 5764
5DEMA: 5834
10DEMA: 5893
20DEMA: 5943
50DEMA: 5931
RSI (14 days): 32.69
Parabolic SAR: 5965
Supports: 5735 - 5710 - 5681
Resistance: 5789 - 5818 - 5844

Nifty Future VIX Range: 5720 - 5834
Nifty Future VWAP: 5779.15
MP Values Nifty Future: VAH - 5791, POC - 5778, VAL - 5765

TARGET NIFTY
Buy Nifty Future above 5780 - 5800 - 5830 - 5965 SL - 5765
Sell Nifty Future below 5763 - 5745 - 5720 - 5685 SL - 5779

BANKNIFTY TECHNICAL

Current Spot: 11814.85
Pivot: 11815
5DEMA: 12018
10DEMA: 12220
20DEMA: 12403
50DEMA: 12362
RSI (14 days): 32.26
Parabolic SAR: 12411
Supports: 11732 - 11649 - 11565
Resistance: 11898 - 11982 - 12065

Bank Nifty Future VIX Range: 11675 - 12009
Bank Nifty Future VWAP: 11818.52
MP Values Bank Nifty Future: VAH - 11870, POC - 11829, VAL - 11789

TARGET BANKNIFTY
Buy BankNifty Future above 11829 - 11900 - 11990 - 12080 SL - 11795
Sell BankNifty Future below 11789 - 11730 - 11640 - 11540 SL - 11827

INTRADAY TRADE
Reliance: Buy above 793 for targets of 798, 808 SL 788
Reliance: Sell below 786 for targets of 781, 771 SL 792
Indusindbk: Buy above 495 for targets of 500, 510 SL 487
Lupin: Buy above 774 for targets of 779, 787 SL 765

SCORE SHEET
Ambujacem: Buy above 176.5 for targets of 177.5, 180 SL 175: Call not active
Techm: Buy above 972 for targets of 981, 1000 SL 958: Target 992.00 done

POSITIONAL TRADE
Jindalstel: Buy above 238 for target of 250 SL 231 (2-3 Days)
Jisjaleqs: Buy above 57.5 for target of 61 SL 56.5 (1 Week)

Thanks and Regards

S&P Wealth Creators