Market outlook for 31/01/2013

Nifty closed up 5.85 points (0.10%) at 6055.75 while Nifty Future closed at 6060.30, premium of 4.55 points.
Bank Nifty closed up 44.70 points (0.35%) at 12767.50 while Future closed at 12782.15, premium of 14.65 points.

• FII bought in Cash (Net buy 906.36 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1338.04 Crore)
• DII sold in Cash (Net sell 1095.82 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 574:921.

NIFTY TECHNICAL

Current Spot: 6055.75
Pivot: 6057
5DEMA: 6056
10DEMA: 6048
20DEMA: 6020
50DEMA: 5926
RSI (14 days): 58.60
Parabolic SAR: 6010
Supports: 6043 - 6029 - 6015
Resistance: 6070 - 6085 - 6098

Nifty Future VIX Range: 6022 - 6098
Nifty Future VWAP: 6061.67
MP Values Nifty Future: VAH - 6067, POC - 6062, VAL - 6057

TARGET NIFTY
Buy Nifty Future above 6067 - 6075 - 6085 - 6100 SL - 6057
Sell Nifty Future below 6052 - 6045 - 6035 - 6020 SL - 6067

BANKNIFTY TECHNICAL

Current Spot: 12767.50
Pivot: 12773
5DEMA: 12722
10DEMA: 12698
20DEMA: 12654
50DEMA: 12389
RSI (14 days): 58.67
Parabolic SAR: 12518
Supports: 12721 - 12674 - 12622
Resistance: 12820 - 12872 - 12919

Bank Nifty Future VIX Range: 12677 - 12887
Bank Nifty Future VWAP: 12777.88
MP Values Bank Nifty Future: VAH - 12796, POC - 12775, VAL - 12754

TARGET BANKNIFTY
Buy BankNifty Future above 12796 - 12825 - 12870 - 12920 SL - 12769
Sell BankNifty Future below 12754 - 12735 - 12685 - 12640 SL - 12795

INTRADAY TRADE
Reliance Industries: Buy above 902 for targets of 910, 920 SL 895
Reliance Industries: Sell below 892 for targets of 884, 876 SL 900
Ktkbank: Buy above 168 for targets of 170, 173 SL 165
Dlf: Buy above 272 for targets of 275, 280 SL 269

SCORE SHEET
AxisBank: Buy above 1480 for targets of 1495, 1520 SL 1462: Target 1516.05 done
SunTv: Buy above 472 for targets of 476, 485 SL 466: Target 478.00 done

POSITIONAL TRADE
Indiabulls: Buy above 335 for target of 346 SL 330 (2-3 Days)
Punjlloyd: Buy above 51.5 for target of 54 SL 50.5 (1 Week)

Thanks and Regards

S&P Wealth Creators