Thursday, January 3, 2013

Market outlook for 04/01/2013

Nifty closed up 16.25 points (0.27%) at 6009.50 while Nifty Future closed at 6039.55, premium of 30.05 points.
Bank Nifty closed down 8.70 points (0.07%) at 12778.15 while Future closed at 12852.00, premium of 73.85 points.
  • FII bought in Cash (Net buy 1397.37 Crore)
  • FII bought in index future, index option and in stock future (Net buy 751.28 Crore)
  • DII sold in Cash (Net sell 905.96 Crore)
  • Most Active Nifty Call Option: 6100 and 6200.
  • Most Active Nifty Put Options: 6000 and 5900.
  • Advance Decline for the day was 899:610.
NIFTY TECHNICAL
Current Spot: 6009.50
Pivot: 6004
5DEMA: 5963
10DEMA: 5933
20DEMA: 5895
50DEMA: 5822
RSI (14 days): 67.52
Parabolic SAR: 5834
Supports: 5992 - 5974 - 5961
Resistance: 6022 - 6035 - 6053
Nifty Future VIX Range: 5996 - 6083
Nifty Future VWAP: 6037.66
MP Values Nifty Future: VAH - 6044, POC - 6037, VAL - 6030

TARGET NIFTY
Buy Nifty Future above 6044 - 6056 - 6073 - 6088 SL - 6030
Sell Nifty Future below 6030 - 6024 - 6010 - 5993 SL - 6038

BANKNIFTY TECHNICAL
Current Spot: 12778.15
Pivot: 12779
5DEMA: 12665
10DEMA: 12567
20DEMA: 12414
50DEMA: 12077
RSI (14 days): 73.61
Parabolic SAR: 12299
Supports: 12721 - 12664 - 12606
Resistance: 12836 - 12895 - 12952
Bank Nifty Future VIX Range: 12732 - 12972
Bank Nifty Future VWAP: 12853.19
MP Values Bank Nifty Future: VAH - 12889, POC - 12865, VAL - 12841

TARGET BANKNIFTY
Buy BankNifty Future above 12866 - 12900 - 12955 - 13000 SL - 12841
Sell BankNifty Future below 12840 - 12810 - 12760 - 12710 SL - 12865

INTRADAY TRADE
Reliance Industries: Buy above 863 for targets of 871, 880 SL 854
Reliance Industries: Sell below 851 for targets of 842, 834 SL 858
Riil: Buy above 506 for targets of 511, 520 SL 494
Indiabulls: Buy above 312 for targets of 316, 325 SL 305

SCORE SHEET
Adanient: Buy above 286 for targets of 288, 292 SL 283: SL Hit
YesBank: Buy above 489 for targets of 492, 495 SL 485: Target 496.95 achieved

POSITIONAL TRADE
Anantraj: Buy above 98.5 for target of 103.5 SL 96 (2-3 Days)
Jaicorpltd: Buy above 82.5 for target of 89 SL 79 (1 Week)

Thanks and Regards

S&P Wealth Creators

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