Market outlook for 16/01/2013

Nifty closed up 32.55 points (0.54%) at 6056.60 while Nifty Future closed at 6081.30, premium of 24.70 points.
Bank Nifty closed up 96.65 points (0.76%) at 12855.40 while Future closed at 12910.40, premium of 55.00 points.

• FII bought in Cash (Net buy 1077.55 Crore)
• FII sold in index future but bought in stock future, index option, stock option (Net sell 10.33 Crore)
• DII sold in Cash (Net sell 755.84 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 748:753.

NIFTY TECHNICAL

Current Spot: 6056.60
Pivot: 6048
5DEMA: 6011
10DEMA: 5989
20DEMA: 5953
50DEMA: 5867
RSI (14 days): 67.12
Parabolic SAR: 5949
Supports: 6027 - 5998 - 5977
Resistance: 6077 - 6098 - 6127

Nifty Future VIX Range: 6039 - 6123
Nifty Future VWAP: 6064.36
MP Values Nifty Future: VAH - 6096, POC - 6082, VAL - 6053

TARGET NIFTY
Buy Nifty Future above 6086 - 6100 - 6120 - 6150 SL - 6065
Sell Nifty Future below 6053 - 6040 - 6020 - 5995 SL - 6082

BANKNIFTY TECHNICAL

Current Spot: 12855.40
Pivot: 12827
5DEMA: 12766
10DEMA: 12718
20DEMA: 12599
50DEMA: 12263
RSI (14 days): 66.79
Parabolic SAR: 12514
Supports: 12746 - 12638 - 12557
Resistance: 12936 - 13017 - 13126

Bank Nifty Future VIX Range: 12795 - 13026
Bank Nifty Future VWAP: 12867.36
MP Values Bank Nifty Future: VAH - 12946, POC - 12882, VAL - 12818

TARGET BANKNIFTY
Buy BankNifty Future above 12920 - 12985 - 13065 - 13190 SL - 12882
Sell BankNifty Future below 12869 - 12810 - 12705 - 12610 SL - 12895

INTRADAY TRADE
Reliance Industries: Buy above 849 for targets of 856, 865 SL 844
Reliance Industries: Sell below 841 for targets of 835, 828 SL 848
Ambujacem: Buy above 199 for targets of 201, 204 SL 196.5
Bajaj-Auto: Buy above 2119 for targets of 2130, 2140 SL 2098

SCORE SHEET
KtkBank: Buy above 173.5 for targets of 175, 179 SL 170: Target 176.50 done
Dlf: Buy above 248 for targets of 251, 258 SL 244: Target 254.50 done

POSITIONAL TRADE
Heromotoco: Buy above 1847 for target of 1887 SL 1829 (2-3 Days)
Axis: Buy above 1428 for target of 1505 SL 1410 (1 Week)

Thanks and Regards

S&P Wealth Creators