Market outlook for 01/07/2013

Nifty closed up 159.85 points (2.81%) at 5842.20 while Nifty Future closed at 5841.45, discount of 0.75 points.
Bank Nifty closed up 381.50 points (3.40%) at 11617.25 while Future closed at 11641.45, premium of 24.20 points.

• FII bought in Cash (Net buy 1124.31 Crore)
• FII bought in index future, index option, stock future (Net buy 3561.28 Crore)
• DII sold in Cash (Net sell 581.28 Crore)
• Most Active Nifty Call Option: 5800 and 5900.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 974:337.
• McClellan's oscillator for NSE at +2

NIFTY TECHNICAL

Current Spot: 5842.20
Pivot: 5815
5DEMA: 5715
10DEMA: 5721
20DEMA: 5779
50DEMA: 5835
RSI (14 days): 52.21
Parabolic SAR: 5566
Supports: 5777 - 5711- 5673
Resistance: 5880 - 5918 - 5984

Nifty Future VIX Range: 5755 - 5910
Nifty Future VWAP: 5804.74
MP Values Nifty Future: VAH - 5819, POC - 5784, VAL - 5763

TARGET NIFTY
Buy Nifty Future above 5846 - 5870 - 5900 - 5945 SL – 5818
Sell Nifty Future below 5814 - 5790 - 5760 - 5715 SL - 5833

BANKNIFTY TECHNICAL

Current Spot: 11617.25
Pivot: 11546
5DEMA: 11375
10DEMA: 11474
20DEMA: 11736
50DEMA: 11992
RSI (14 days): 44.00
Parabolic SAR: 11034
Supports: 11438 - 11259 - 11151
Resistance: 11726 - 11834 - 12013

Bank Nifty Future VIX Range: 11441 - 11839
Bank Nifty Future VWAP: 11531.85
MP Values Bank Nifty Future: VAH - 11578, POC - 11495, VAL - 11412

TARGET BANKNIFTY
Buy BankNifty Future above 11650 - 11740 - 11840 - 11950 SL - 11575
Sell BankNifty Future below 11545 - 11460 - 11360 - 11250 SL - 11580

INTRADAY TRADE
Reliance: Buy above 865 for targets of 870, 882 SL 858
Reliance: Sell below 856 for targets of 850, 838 SL 863
Jindalstel: Buy above 219 for targets of 222, 225 SL 216
Bajajhldng: Buy above 808 for targets of 816, 829 SL 795

SCORE SHEET
Ongc: Buy above 321 for targets of 324, 328 SL 317: Call not Active
Cairn: Buy above 289 for targets of 292, 296 SL 285: Target 300.00 done

POSITIONAL TRADE
Mahlife: Buy above 422 for target of 436 SL 413 (2-3 Days)
Ster: Buy above 84 for target of 88 SL 82.5 (1 Week)

Thanks and Regards

S&P Wealth Creators