Market outlook for 23/01/2013

Nifty closed down 33.80 points (0.56%) at 6048.50 while Nifty Future closed at 6061.55, premium of 13.05 points.
Bank Nifty closed down 77.00 points (0.61%) at 12574.35 while Future closed at 12604.60, premium of 30.25 points.

• FII bought in Cash (Net buy 1046.40 Crore)
• FII sold in index future, index option, stock future, and stock option (Net sell 364.87 Crore)
• DII sold in Cash (Net sell 855.35 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 424:1103.

NIFTY TECHNICAL

Current Spot: 6048.50
Pivot: 6063
5DEMA: 6049
10DEMA: 6029
20DEMA: 5991
50DEMA: 5903
RSI (14 days): 60.50
Parabolic SAR: 6019
Supports: 6026 - 6003 - 5965
Resistance: 6086 - 6124 - 6147

Nifty Future VIX Range: 6021 - 6102
Nifty Future VWAP: 6081.79
MP Values Nifty Future: VAH - 6092, POC - 6069, VAL - 6056

TARGET NIFTY
Buy Nifty Future above 6080 - 6092 - 6125 - 6145 SL - 6069
Sell Nifty Future below 6055 - 6045 - 6025 - 5990 SL - 6079

BANKNIFTY TECHNICAL

Current Spot: 12574.35
Pivot: 12623
5DEMA: 12644
10DEMA: 12664
20DEMA: 12614
50DEMA: 12344
RSI (14 days): 51.09
Parabolic SAR: 12908
Supports: 12496 - 12418 - 12292
Resistance: 12701 - 12827 - 12905

Bank Nifty Future VIX Range: 12494 - 12715
Bank Nifty Future VWAP: 12686.16
MP Values Bank Nifty Future: VAH - 12773, POC - 12694, VAL - 12615

TARGET BANKNIFTY
Buy BankNifty Future above 12670 - 12740 - 12870 - 12950 SL - 12645
Sell BankNifty Future below 12595 - 12525 - 12440 - 12320 SL - 12665

INTRADAY TRADE
Reliance Industries: Buy above 927 for targets of 934, 941 SL 920
Reliance Industries: Sell below 916 for targets of 910, 901 SL 924
Asianpaint: Buy above 4424 for targets of 4464, 4525 SL 4382
Irb: Buy above 130.4 for targets of 132, 135 SL 129.4

SCORE SHEET
Pfc: Buy above 212 for targets of 214, 217 SL 210: Target 213.95 done
RelInfra: Buy above 552 for targets of 556, 566 SL 543: SL Hit

POSITIONAL TRADE
Zeel: Buy above 224 for target of 232 SL 221 (2-3 Days)
Pantaloonr: Buy above 270 for target of 294 SL 261 (1 Week)

Thanks and Regards

S&P Wealth Creators