Market outlook for 18/01/2013

Nifty closed up 37.35 points (0.62%) at 6039.20 while Nifty Future closed at 6054.45, premium of 15.25 points.
Bank Nifty closed up 11.10 points (0.09%) at 12649.60 while Future closed at 12690.10, premium of 40.50 points.

• FII bought in Cash (Net buy 564.20 Crore)
• FII bought in index future, stock future but sold in index option, stock option (Net buy 60.40 Crore)
• DII sold in Cash (Net sell 519.78 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 681:825.

NIFTY TECHNICAL

Current Spot: 6039.20
Pivot: 6027
5DEMA: 6018
10DEMA: 6000
20DEMA: 5965
50DEMA: 5882
RSI (14 days): 62.02
Parabolic SAR: 5976
Supports: 6000 - 5962 - 5935
Resistance: 6066 - 6092 - 6131

Nifty Future VIX Range: 6012 - 6097
Nifty Future VWAP: 6040.71
MP Values Nifty Future: VAH - 6055, POC - 6034, VAL - 6013

TARGET NIFTY
Buy Nifty Future above 6056 - 6080 - 6105 - 6140 SL - 6034
Sell Nifty Future below 6033 - 6015 - 5980 - 5950 SL - 6055

BANKNIFTY TECHNICAL

Current Spot: 12649.60
Pivot: 12649
5DEMA: 12699
10DEMA: 12694
20DEMA: 12608
50DEMA: 12305
RSI (14 days): 55.43
Parabolic SAR: 12574
Supports: 12584 - 12518 - 12453
Resistance: 12715 - 12780 - 12846

Bank Nifty Future VIX Range: 12570 - 12810
Bank Nifty Future VWAP: 12699.65
MP Values Bank Nifty Future: VAH - 12729, POC - 12693, VAL - 12657

TARGET BANKNIFTY
Buy BankNifty Future above 12705 - 12760 - 12840 - 12920 SL - 12685
Sell BankNifty Future below 12657 - 12620 - 12545 - 12470 SL - 12694

INTRADAY TRADE
Reliance Industries: Buy above 892 for targets of 900, 913 SL 879
Reliance Industries: Sell below 877 for targets of 871, 855 SL 883
KtkBank: Buy above 176 for targets of 177.5, 181 SL 173
Dlf: Buy above 258 for targets of 261, 265 SL 254

SCORE SHEET
HclTech: Buy above 675 for targets of 681, 690 SL 669: Target 721.30 done
Ttkprestig: Buy above 3755 for targets of 3790, 3850 SL 3705: Target 3977.00 done

POSITIONAL TRADE
Essaroil: Buy above 77.5 for target of 81 SL 75.5 (2-3 Days)
Polaris: Buy above 136.5 for target of 145 SL 133 (1 Week)

Thanks and Regards

S&P Wealth Creators