Market outlook for 14/01/2013

Nifty closed down 17.35 points (0.29%) at 5951.30 while Nifty Future closed at 5977.30, premium of 26.00 points.
Bank Nifty closed down 184.40 points (1.44%) at 12617.85 while Future closed at 12682.70, premium of 64.85 points.

• FII bought in Cash (Net buy 825.17 Crore)
• FII bought in index future, index option and stock future (Net buy 759.69 Crore)
• DII sold in Cash (Net sell 516.07 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 361:1160.

NIFTY TECHNICAL

Current Spot: 5951.30
Pivot: 5970
5DEMA: 5969
10DEMA: 5963
20DEMA: 5933
50DEMA: 5852
RSI (14 days): 56.23
Parabolic SAR: 5924
Supports: 5922 - 5892 - 5843
Resistance: 6000 - 6049 - 6078

Nifty Future VIX Range: 5939 - 6016
Nifty Future VWAP: 6000.02
MP Values Nifty Future: VAH - 6017, POC - 5997, VAL - 5977

TARGET NIFTY
Buy Nifty Future above 5998 - 6015 - 6055 - 6085 SL - 5977
Sell Nifty Future below 5975 - 5960 - 5935 - 5905 SL - 5997

BANKNIFTY TECHNICAL

Current Spot: 12617.85
Pivot: 12678
5DEMA: 12702
10DEMA: 12672
20DEMA: 12553
50DEMA: 12213
RSI (14 days): 58.29
Parabolic SAR: 12466
Supports: 12522 - 12426 - 12270
Resistance: 12774 - 12930 - 13026

Bank Nifty Future VIX Range: 12571 - 12795
Bank Nifty Future VWAP: 12751.30
MP Values Bank Nifty Future: VAH - 12826, POC - 12761, VAL - 12696

TARGET BANKNIFTY
Buy BankNifty Future above 12761 - 12825 - 12960 - 13040 SL - 12696
Sell BankNifty Future below 12669 - 12610 - 12550 - 12390 SL - 12745

INTRADAY TRADE
Reliance Industries: Buy above 847 for targets of 855, 865 SL 841
Reliance Industries: Sell below 836 for targets of 830, 820 SL 845
Bajajcorp: Buy above 257 for targets of 260, 265 SL 253
Gitanjali: Buy above 590 for targets of 596, 605 SL 582

SCORE SHEET
Bbtc: Buy above 154 for targets of 156, 160 SL 151: Target 159.20 done
Amarajabat: Buy above 286 for targets of 289, 295 SL 282: SL Hit

POSITIONAL TRADE
Wipro: Buy above 422 for target of 433 SL 415 (2-3 Days)
Sintex: Buy above 71.5 for target of 76 SL 69.8 (1 Week)

Thanks and Regards

S&P Wealth Creators