Market outlook for 25/01/2013

Nifty closed down 34.95 points (0.58%) at 6019.35 while Nifty Future closed at 6019.75, premium of 0.40 points.
Bank Nifty closed down 73.80 points (0.58%) at 12561.40 while Future closed at 12564.25, premium of 2.85 points.

• FII bought in Cash (Net buy 1026.32 Crore)
• FII sold in index future, stock option but bought in index option, stock future (Net sell 424.17 Crore)
• DII sold in Cash (Net sell 752.26 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 270:1264.

NIFTY TECHNICAL

Current Spot: 6019.35
Pivot: 6031
5DEMA: 6040
10DEMA: 6031
20DEMA: 5999
50DEMA: 5912
RSI (14 days): 55.78
Parabolic SAR: 6101
Supports: 5996 - 5973 - 5939
Resistance: 6054 - 6088 - 6111

Nifty Future VIX Range: 5980 - 6060
Nifty Future VWAP: 6033.94
MP Values Nifty Future: VAH - 6055, POC - 6039, VAL - 6023

TARGET NIFTY
Buy Nifty Future above 6039 - 6050 - 6080 - 6105 SL - 6023
Sell Nifty Future below 6011 - 6000 - 5980 - 5950 SL - 6035

BANKNIFTY TECHNICAL

Current Spot: 12561.40
Pivot: 12586
5DEMA: 12614
10DEMA: 12641
20DEMA: 12611
50DEMA: 12364
RSI (14 days): 50.11
Parabolic SAR: 12885
Supports: 12509 - 12458 - 12381
Resistance: 12638 - 12715 - 12767

Bank Nifty Future VIX Range: 12457 - 12672
Bank Nifty Future VWAP: 12607.74
MP Values Bank Nifty Future: VAH - 12641, POC - 12599, VAL - 12557

TARGET BANKNIFTY
Buy BankNifty Future above 12600 - 12645 - 12740 - 12800 SL - 12557
Sell BankNifty Future below 12550 - 12510 - 12450 - 12360 SL - 12599

INTRADAY TRADE
Reliance Industries: Buy above 922 for targets of 928, 936 SL 915
Reliance Industries: Sell below 912 for targets of 907, 898 SL 919
DrReddy: Buy above 1935 for targets of 1954, 1974 SL 1919
LT: Buy above 1588 for targets of 1600, 1615 SL 1572

SCORE SHEET
SunTv: Buy above 440 for targets of 444, 450 SL 436: Target 445.50 done
Tatapower: Buy above 110.5 for targets of 111.5, 113 SL 108.5: Call not active

POSITIONAL TRADE

Thanks and Regards

S&P Wealth Creators