Sunday, January 6, 2013

Market outlook for 07/01/2013

Nifty closed up 6.65 points (0.11%) at 6016.15 while Nifty Future closed at 6048.00, premium of 31.85 points.
Bank Nifty closed up 9.20 points (0.07%) at 12787.35 while Future closed at 12869.90, premium of 82.55 points.
  • FII bought in Cash (Net buy 1164.41 Crore)
  • FII bought in index option but sold in index future, stock future (Net buy 269.92 Crore)
  • DII sold in Cash (Net sell 825.40 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 6000 and 5900.
  • Advance Decline for the day was 757:776.
NIFTY TECHNICAL
Current Spot: 6016.15
Pivot: 6006
5DEMA: 5981
10DEMA: 5948
20DEMA: 5907
50DEMA: 5831
RSI (14 days): 68.01
Parabolic SAR: 5846
Supports: 5992 - 5967 - 5952
Resistance: 6031 - 6045 - 6070
Nifty Future VIX Range: 6006 - 6090
Nifty Future VWAP: 6032.54
MP Values Nifty Future: VAH - 6052, POC - 6040, VAL - 6025

TARGET NIFTY
Buy Nifty Future above 6052 - 6063 - 6078 - 6103 SL - 6039
Sell Nifty Future below 6025 - 6015 - 5998 - 5983 SL - 6041

BANKNIFTY TECHNICAL
Current Spot: 12787.35
Pivot: 12758
5DEMA: 12705
10DEMA: 12607
20DEMA: 12450
50DEMA: 12113
RSI (14 days): 73.84
Parabolic SAR: 12331
Supports: 12714 - 12641 - 12597
Resistance: 12831 - 12875 - 12948
Bank Nifty Future VIX Range: 12754 - 12986
Bank Nifty Future VWAP: 12822.98
MP Values Bank Nifty Future: VAH - 12851, POC - 12800, VAL - 12761

TARGET BANKNIFTY
Buy BankNifty Future above 12875 - 12915 - 12960 - 13035 SL - 12839
Sell BankNifty Future below 12835 - 12795 - 12715 - 12670 SL - 12855

INTRADAY TRADE
Reliance Industries: Buy above 864 for targets of 869, 875 SL 858
Reliance Industries: Sell below 856 for targets of 851, 846 SL 862
Ingvysyabk: Buy above 555 for targets of 560, 570 SL 547
Centurytex: Buy above 450 for targets of 455, 461 SL 444

SCORE SHEET
Riil: Buy above 506 for targets of 511, 520 SL 494: SL Hit
Indiabulls: Buy above 312 for targets of 316, 325 SL 305: Target 319.00 achieved

POSITIONAL TRADE
Gspl: Buy above 81 for target of 84 SL 79.4 (2-3 Days)
Sreinfra: Buy above 50 for target of 53.5 SL 48.2 (1 Week)

Thanks and Regards

S&P Wealth Creators

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