Market outlook for 21/01/2013

Nifty closed up 25.20 points (0.42%) at 6064.40 while Nifty Future closed at 6074.85, premium of 10.45 points.
Bank Nifty closed up 30.40 points (0.09%) at 12680.00 while Future closed at 12712.80, premium of 32.80 points.

• FII bought in Cash (Net buy 1165.69 Crore)
• FII bought in index future, stock future but sold in index option, stock option (Net buy 27.11 Crore)
• DII sold in Cash (Net sell 967.61 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 592:922.

NIFTY TECHNICAL

Current Spot: 6064.40
Pivot: 6065
5DEMA: 6034
10DEMA: 6012
20DEMA: 5975
50DEMA: 5889
RSI (14 days): 64.27
Parabolic SAR: 5988
Supports: 6047 - 6030 - 6012
Resistance: 6082 - 6100 - 6118

Nifty Future VIX Range: 6033 - 6117
Nifty Future VWAP: 6079.25
MP Values Nifty Future: VAH - 6087, POC - 6079, VAL - 6071

TARGET NIFTY
Buy Nifty Future above 6087 - 6095 - 6105 - 6120 SL - 6078
Sell Nifty Future below 6071 - 6062 - 6050 - 6035 SL - 6080

BANKNIFTY TECHNICAL

Current Spot: 12680.00
Pivot: 12694
5DEMA: 12692
10DEMA: 12691
20DEMA: 12615
50DEMA: 12322
RSI (14 days): 56.62
Parabolic SAR: 12583
Supports: 12610 - 12540 - 12456
Resistance: 12764 - 12848 - 12918

Bank Nifty Future VIX Range: 12596 - 12829
Bank Nifty Future VWAP: 12753.63
MP Values Bank Nifty Future: VAH - 12779, POC - 12734, VAL - 12689

TARGET BANKNIFTY
Buy BankNifty Future above 12750 - 12780 - 12850 - 12910 SL - 12729
Sell BankNifty Future below 12689 - 12660 - 12605 - 12530 SL - 12735

INTRADAY TRADE
Reliance Industries: Buy above 902 for targets of 911, 922 SL 894
Reliance Industries: Sell below 892 for targets of 884, 875 SL 899
Igl: Buy above 275 for targets of 278, 282 SL 272
Ntpc: Buy above 165 for targets of 167, 170 SL 162

SCORE SHEET
KtkBank: Buy above 176 for targets of 177.5, 181 SL 173: Target 178.25 done
Dlf: Buy above 258 for targets of 261, 265 SL 254: Target 263.75 done

POSITIONAL TRADE
BankBaroda: Buy above 888 for target of 908 SL 881 (2-3 Days)
Dspcltd: Buy above 28.5 for target of 32 SL 27.4 (1 Week)

Thanks and Regards

S&P Wealth Creators