Wednesday, January 9, 2013

Market outlook for 10/01/2013

Nifty closed down 30.20 points (0.50%) at 5971.50 while Nifty Future closed at 5998.75, premium of 27.25 points.
Bank Nifty closed down 7.50 points (0.06%) at 12718.00 while Future closed at 12772.55, premium of 54.55 points.
  • FII bought in Cash (Net buy 848.95 Crore)
  • FII sold in index future, stock future, stock option but bought in index option (Net sell 193.93 Crore)
  • DII sold in Cash (Net sell 518.30 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 6000 and 5900.
  • Advance Decline for the day was 601:922.
NIFTY TECHNICAL
Current Spot: 5971.50
Pivot: 5983
5DEMA: 5983
10DEMA: 5965
20DEMA: 5927
50DEMA: 5845
RSI (14 days): 59.56
Parabolic SAR: 5896
Supports: 5947 - 5922 - 5885
Resistance: 6008 - 6045 - 6070
Nifty Future VIX Range: 5958 - 6039
Nifty Future VWAP: 6020.09
MP Values Nifty Future: VAH - 6038, POC - 6015, VAL - 5992

TARGET NIFTY
Buy Nifty Future above 6016 - 6035 - 6055 - 6090 SL - 5995
Sell Nifty Future below 5991 - 5975 - 5950 - 5915 SL - 6015

BANKNIFTY TECHNICAL
Current Spot: 12718.00
Pivot: 12733
5DEMA: 12715
10DEMA: 12657
20DEMA: 12519
50DEMA: 12176
RSI (14 days): 68.11
Parabolic SAR: 12417
Supports: 12673 - 12629 - 12570
Resistance: 12777 - 12836 - 12881
Bank Nifty Future VIX Range: 12665 - 12880
Bank Nifty Future VWAP: 12812.26
MP Values Bank Nifty Future: VAH - 12841, POC - 12807, VAL - 12773

TARGET BANKNIFTY
Buy BankNifty Future above 12810 - 12845 - 12900 - 12965 SL - 12773
Sell BankNifty Future below 12770 - 12735 - 12690 - 12630 SL - 12807

INTRADAY TRADE
Reliance Industries: Buy above 858 for targets of 863, 868 SL 852
Reliance Industries: Sell below 848 for targets of 845, 839 SL 856
Havells: Buy above 682 for targets of 688, 700 SL 673
Gichsgfin: Buy above 152 for targets of 154, 160 SL 149.5

SCORE SHEET
Vikasglob: Buy above 199 for targets of 203, 209 SL 194: Target 204.00 done
Pantaloonr: Buy above 268 for targets of 271, 276 SL 263: Target 270.85 done

POSITIONAL TRADE
Indiabulls: Buy above 334 for target of 346 SL 331 (2-3 Days)
Punjlloyd: Buy above 63.3 for target of 66 SL 62.5 (1 Week)

Thanks and Regards

S&P Wealth Creators

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