Market outlook for 17/01/2013

Nifty closed down 54.75 points (0.90%) at 6001.85 while Nifty Future closed at 6019.25, premium of 17.40 points.
Bank Nifty closed down 216.90 points (1.69%) at 12638.50 while Future closed at 12678.15, premium of 39.65 points.

• FII bought in Cash (Net buy 1029.50 Crore)
• FII bought in index option, stock future but sold in index future, stock option (Net buy 1209.42 Crore)
• DII sold in Cash (Net sell 691.76 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 328:1197.

NIFTY TECHNICAL

Current Spot: 6001.85
Pivot: 6017
5DEMA: 6008
10DEMA: 5992
20DEMA: 5957
50DEMA: 5869
RSI (14 days): 58.65
Parabolic SAR: 5963
Supports: 5977 - 5953 - 5913
Resistance: 6041 - 6081 - 6105

Nifty Future VIX Range: 5976 - 6062
Nifty Future VWAP: 6044.71
MP Values Nifty Future: VAH - 6073, POC - 6051, VAL - 6029

TARGET NIFTY
Buy Nifty Future above 6051 - 6065 - 6090 - 6110 SL - 6029
Sell Nifty Future below 6015 - 6000 - 5975 - 5945 SL - 6038

BANKNIFTY TECHNICAL

Current Spot: 12638.50
Pivot: 12697
5DEMA: 12723
10DEMA: 12704
20DEMA: 12603
50DEMA: 12270
RSI (14 days): 55.27
Parabolic SAR: 12545
Supports: 12558 - 12477 - 12338
Resistance: 12778 - 12917 - 12998

Bank Nifty Future VIX Range: 12555 - 12802
Bank Nifty Future VWAP: 12775.41
MP Values Bank Nifty Future: VAH - 12853, POC - 12774, VAL - 12695

TARGET BANKNIFTY
Buy BankNifty Future above 12774 - 12825 - 12950 - 13050 SL - 12735
Sell BankNifty Future below 12659 - 12595 - 12515 - 12400 SL - 12748

INTRADAY TRADE
Reliance Industries: Buy above 864 for targets of 870, 882 SL 857
Reliance Industries: Sell below 855 for targets of 849, 837 SL 862
HclTech: Buy above 675 for targets of 681, 690 SL 669
Ttkprestig: Buy above 3755 for targets of 3790, 3850 SL 3705

SCORE SHEET
Ambujacem: Buy above 199 for targets of 201, 204 SL 196.5: Target 201.95 done
Bajaj-Auto: Buy above 2119 for targets of 2130, 2140 SL 2098: Target 2153.70 done

POSITIONAL TRADE
Erosmedia: Buy above 209 for target of 215 SL 207 (2-3 Days)
Purva: Buy above 116.5 for target of 125 SL 115 (1 Week)

Thanks and Regards

S&P Wealth Creators