Market outlook for 03/01/2013

Nifty closed up 42.40 points (0.71%) at 5993.25 while Nifty Future closed at 6035.65, premium of 42.40 points.
Bank Nifty closed up 132.70 points (1.05%) at 12786.85 while Future closed at 12874.35, premium of 87.50 points.

• FII bought in Cash (Net buy 1107.66 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 2736.43 Crore)
• DII sold in Cash (Net sell 417.41 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 958:569.

NIFTY TECHNICAL

Current Spot: 5993.25
Pivot: 5994
5DEMA: 5940
10DEMA: 5917
20DEMA: 5883
50DEMA: 5815
RSI (14 days): 66.21
Parabolic SAR: 5827
Supports: 5981 - 5970 - 5957
Resistance: 6006 - 6018 - 6030

Nifty Future VIX Range: 5991 - 6081
Nifty Future VWAP: 6037.54
MP Values Nifty Future: VAH - 6043, POC - 6033, VAL - 6023

TARGET NIFTY
Buy Nifty Future above 6043 - 6055 - 6070 - 6095 SL - 6025
Sell Nifty Future below 6023 - 6010 - 5995 - 5970 SL - 6034

BANKNIFTY TECHNICAL

Current Spot: 12786.85
Pivot: 12782
5DEMA: 12608
10DEMA: 12520
20DEMA: 12376
50DEMA: 12049
RSI (14 days): 74.22
Parabolic SAR: 12277
Supports: 12753 - 12720 - 12691
Resistance: 12816 - 12845 - 12879

Bank Nifty Future VIX Range: 12751 - 12998
Bank Nifty Future VWAP: 12871.61
MP Values Bank Nifty Future: VAH - 12887, POC - 12867, VAL - 12847

TARGET BANKNIFTY
Buy BankNifty Future above 12887 - 12910 - 12945 - 13000 SL - 12855
Sell BankNifty Future below 12847 - 12830 - 12780 - 12740 SL - 12869

INTRADAY TRADE
Reliance Industries: Buy above 853 for targets of 859, 866 SL 847
Reliance Industries: Sell below 844 for targets of 838, 830 SL 851
Adanient: Buy above 286 for targets of 288, 292 SL 283
YesBank: Buy above 489 for targets of 492, 495 SL 485

SCORE SHEET
IndianB: Buy above 211 for targets of 213, 217 SL 207: Target 215.00 achieved
Jetairways: Buy above 580 for targets of 586, 596 SL 572: Target 592.50 achieved

POSITIONAL TRADE
Prajind: Buy above 50.5 for target of 52.8 SL 49.3 (2-3 Days)
Crompgreav: Buy above 123 for target of 130 SL 119 (1 Week)

Thanks and Regards

S&P Wealth Creators