Market outlook for 01/02/2013

Nifty closed down 21.00 points (0.35%) at 6034.75 while Nifty Future closed at 6067.20, premium of 32.45 points.
Bank Nifty closed down 58.90 points (0.46%) at 12708.60 while Future closed at 12775.10, premium of 66.50 points.

• FII bought in Cash (Net buy 958.93 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 266.44 Crore)
• DII sold in Cash (Net sell 863.60 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 679:801.

NIFTY TECHNICAL

Current Spot: 6034.75
Pivot: 6039
5DEMA: 6049
10DEMA: 6046
20DEMA: 6021
50DEMA: 5932
RSI (14 days): 55.15
Parabolic SAR: 6012
Supports: 6021 - 6006 - 5988
Resistance: 6053 - 6072 - 6086

Nifty Future VIX Range: 6030 - 6105
Nifty Future VWAP: 6074.95
MP Values Nifty Future: VAH - 6051, POC - 6043, VAL - 6035

TARGET NIFTY
Buy Nifty Future above 6083 - 6090 - 6105 - 6125 SL - 6067
Sell Nifty Future below 6051 - 6045 - 6035 - 6020 SL - 6067

BANKNIFTY TECHNICAL

Current Spot: 12708.60
Pivot: 12750
5DEMA: 12718
10DEMA: 12700
20DEMA: 12659
50DEMA: 12407
RSI (14 days): 55.27
Parabolic SAR: 12527
Supports: 12647 - 12586 - 12484
Resistance: 12811 - 12914 - 12975

Bank Nifty Future VIX Range: 12672 - 12879
Bank Nifty Future VWAP: 12816.43
MP Values Bank Nifty Future: VAH - 12810, POC - 12768, VAL - 12726

TARGET BANKNIFTY
Buy BankNifty Future above 12825 - 12865 - 12950 - 13020 SL - 12799
Sell BankNifty Future below 12768 - 12725 - 12675 - 12600 SL - 12822

INTRADAY TRADE
Reliance Industries: Buy above 894 for targets of 900, 908 SL 887
Reliance Industries: Sell below 883 for targets of 877, 868 SL 891
BankBaroda: Buy above 871 for targets of 879, 894 SL 857
JetAirways: Buy above 625 for targets of 631, 640 SL 616

SCORE SHEET
Ktkbank: Buy above 168 for targets of 170, 173 SL 165: Call not Active
Dlf: Buy above 272 for targets of 275, 280 SL 269: Target 279.40 done

POSITIONAL TRADE
Hindalco: Buy above 116.5 for target of 120 SL 115 (2-3 Days)
Unitech: Buy above 37 for target of 39 SL 36.5 (1 Week)

Thanks and Regards

S&P Wealth Creators