Market outlook for 01/01/2013

Nifty closed down 3.25 points (0.06%) at 5905.10 while Nifty Future closed at 5951.75, premium of 46.65 points.
Bank Nifty closed up 16.10 points (0.13%) at 12474.25 while Future closed at 12576.20, premium of 101.95 points.

• FII bought in Cash (Net buy 826.34 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 301.04 Crore)
• DII sold in Cash (Net sell 200.97 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 859:654.

NIFTY TECHNICAL

Current Spot: 5905.10
Pivot: 5907
5DEMA: 5895
10DEMA: 5888
20DEMA: 5863
50DEMA: 5800
RSI (14 days): 58.06
Parabolic SAR: 5926
Supports: 5895 - 5885 - 5873
Resistance: 5917 - 5929 - 5939

Nifty Future VIX Range: 5907 - 5996
Nifty Future VWAP: 5952.18
MP Values Nifty Future: VAH - 5956, POC - 5949, VAL - 5943

TARGET NIFTY
Buy Nifty Future above 5957 - 5965 - 5975 - 5990 SL - 5943
Sell Nifty Future below 5942 - 5935 - 5925 - 5910 SL - 5956

BANKNIFTY TECHNICAL

Current Spot: 12474.25
Pivot: 12472
5DEMA: 12450
10DEMA: 12418
20DEMA: 12298
50DEMA: 11993
RSI (14 days): 64.91
Parabolic SAR: 12548
Supports: 12430 - 12387 - 12345
Resistance: 12515 - 12557 - 12600

Bank Nifty Future VIX Range: 12460 - 12692
Bank Nifty Future VWAP: 12575.38
MP Values Bank Nifty Future: VAH - 12597, POC - 12576, VAL - 12555

TARGET BANKNIFTY
Buy BankNifty Future above 12585 - 12610 - 12650 - 12695 SL - 12556
Sell BankNifty Future below 12555 - 12530 - 12495 - 12455 SL - 12580

INTRADAY TRADE
Reliance Industries: Buy above 846 for targets of 852, 858 SL 840
Reliance Industries: Sell below 835 for targets of 831, 823 SL 844
Dlf: Buy above 231 for targets of 233, 236 SL 229
Gitanjali: Buy above 535 for targets of 540, 550 SL 528

SCORE SHEET
Videoind: Buy above 215 for targets of 217, 220 SL 213: Target 217.40 achieved
Bataindia: Buy above 868 for targets of 877, 889 SL 853: Target 873.50 achieved

POSITIONAL TRADE
Escorts: Buy above 73.4 for target of 76 SL 72.2 (2-3 Days)
Gspl: Buy above 78 for target of 82 SL 76.8 (1 Week)

Thanks and Regards

S&P Wealth Creators