Tuesday, December 31, 2013

Market outlook for 01/01/2014


Nifty closed up 12.90 points (0.21%) at 6304.00 while Nifty Future closed at 6354.70, premium of 50.70 points.
Bank Nifty closed up 9.25 points (0.08%) at 11385.25 while Future closed at 11479.65, premium of 94.40 points.
  • FII bought in Cash (Net buy 309.70 Crore)
  • FII sold in stock future but bought in index future, index option (Net sell 192.98 Crore)
  • DII sold in Cash (Net sell 279.89 Crore)
  • Most Active Nifty Call Option: 6500 and 6400.
  • Most Active Nifty Put Options: 6300 and 6200.
  • Advance Decline for the day was 825:561.
  • McClellan's oscillator for NSE at +39.
NIFTY TECHNICAL
Current Spot: 6304.00
Pivot: 6303
5DEMA: 6289
10DEMA: 6269
20DEMA: 6240
50DEMA: 6165
RSI (14 days): 58.16
Parabolic SAR: 6134
Supports: 6288 - 6273 - 6258
Resistance: 6318 - 6333 - 6348
Nifty Future VIX Range: 6291 - 6419
Nifty Future VWAP: 6354.19
MP Values Nifty Future: VAH - 6361, POC - 6355, VAL - 6349

TARGET NIFTY
Buy Nifty Future above 6363 - 6375 - 6395 - 6415 SL - 6354
Sell Nifty Future below 6348 - 6339 - 6320 - 6295 SL - 6361

BANKNIFTY TECHNICAL
Current Spot: 11385.25
Pivot: 11377
5DEMA: 11382
10DEMA: 11379
20DEMA: 11350
50DEMA: 11116
RSI (14 days): 52.66
Parabolic SAR: 11628
Supports: 11325 - 11265 - 11214
Resistance: 11437 - 11488 - 11548
Bank Nifty Future VIX Range: 11279 - 11671
Bank Nifty Future VWAP: 11460.18
MP Values Bank Nifty Future: VAH - 11480, POC - 11457, VAL - 11434

TARGET BANKNIFTY
Buy BankNifty Future above 11488 - 11520 - 11565 - 11625 SL - 11456
Sell BankNifty Future below 11449 - 11425 - 11375 - 11325 SL - 11480

INTRADAY TRADE
Reliance: Buy above 897 for targets of 902, 909 SL 891
Reliance: Sell below 889 for targets of 885, 879 SL 896
CenturyTex: Buy above 316 for targets of 319, 327 SL 311
Pfc: Buy above 168 for targets of 170, 173 SL 165

SCORE SHEET
Pvr: Buy above 652 for targets of 659, 670 SL 643: SL Hit
Bhel: Buy above 180 for targets of 182, 186 SL 177: Call not active

POSITIONAL TRADE
Dhanuka: Buy above 209 for target of 219 SL 205 (2-3 Days)
Hoteleela: Buy above 17.5 for target of 19 SL 17.1 (1 Week)

Thanks and Regards

MarketPulse S&P

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