Tuesday, January 8, 2013

Market outlook for 09/01/2013

Nifty closed up 13.30 points (0.22%) at 6001.70 while Nifty Future closed at 6043.30, premium of 41.60 points.
Bank Nifty closed up 16.80 points (0.13%) at 12725.50 while Future closed at 12824.80, premium of 99.30 points.
  • FII bought in Cash (Net buy 887.38 Crore)
  • FII sold in stock future, stock option but bought in index future, index option (Net sell 25.69 Crore)
  • DII sold in Cash (Net sell 1028.12 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 6000 and 5900.
  • Advance Decline for the day was 669:841.
NIFTY TECHNICAL
Current Spot: 6001.70
Pivot: 5991
5DEMA: 5989
10DEMA: 5964
20DEMA: 5923
50DEMA: 5838
RSI (14 days): 64.80
Parabolic SAR: 5879
Supports: 5975 - 5948 - 5932
Resistance: 6018 - 6034 - 6060
Nifty Future VIX Range: 6003 - 6084
Nifty Future VWAP: 6019.25
MP Values Nifty Future: VAH - 6048, POC - 6029, VAL - 6010

TARGET NIFTY
Buy Nifty Future above 6048 - 6065 - 6085 - 6120 SL - 6025
Sell Nifty Future below 6020 - 6007 - 5975 - 5950 SL - 6035

BANKNIFTY TECHNICAL
Current Spot: 12725.50
Pivot: 12701
5DEMA: 12713
10DEMA: 12644
20DEMA: 12498
50DEMA: 12147
RSI (14 days): 68.83
Parabolic SAR: 12390
Supports: 12657 - 12589 - 12546
Resistance: 12769 - 12812 - 12880
Bank Nifty Future VIX Range: 12714 - 12935
Bank Nifty Future VWAP: 12781.05
MP Values Bank Nifty Future: VAH - 12832, POC - 12797, VAL - 12762

TARGET BANKNIFTY
Buy BankNifty Future above 12835 - 12870 - 12950 - 13010 SL - 12795
Sell BankNifty Future below 12762 - 12730 - 12700 - 12620 SL - 12797

INTRADAY TRADE
Reliance Industries: Buy above 856 for targets of 860, 865 SL 850
Reliance Industries: Sell below 846 for targets of 842, 837 SL 854
Vikasglob: Buy above 199 for targets of 203, 209 SL 194
Pantaloonr: Buy above 268 for targets of 271, 276 SL 263

SCORE SHEET
Tatachem: Buy above 375 for targets of 378, 385 SL 371: Target 376.85 achieved
JswSteel: Buy above 858 for targets of 866, 880 SL 848: Call not active

POSITIONAL TRADE
Unitech: Buy above 38 for target of 40 SL 37 (2-3 Days)
Jaicorpltd: Buy above 85.5 for target of 90 SL 84.4 (1 Week)

Thanks and Regards

S&P Wealth Creators

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