Market outlook for 02/12/2013

Nifty closed up 84.25 points (1.38%) at 6176.10 while Nifty Future closed at 6225.50, premium of 49.40 points.
Bank Nifty closed up 247.20 points (2.27%) at 11153.95 while Future closed at 11270.50, premium of 116.55 points.

• FII bought in Cash (Net buy 745.16 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1884.51 Crore)
• DII sold in Cash (Net sell 101.76 Crore)
• Most Active Nifty Call Option: 6300 and 6400.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 895:472.
• McClellan's oscillator for NSE at +5.

NIFTY TECHNICAL

Current Spot: 6176.10
Pivot: 6154
5DEMA: 6109
10DEMA: 6101
20DEMA: 6106
50DEMA: 6023
RSI (14 days): 55.93
Parabolic SAR: 6189
Supports: 6126 - 6075 - 6047
Resistance: 6204 - 6233 - 6283

Nifty Future VIX Range: 6152 - 6304
Nifty Future VWAP: 6217.24
MP Values Nifty Future: VAH - 6238, POC - 6221, VAL - 6198

TARGET NIFTY
Buy Nifty Future above 6238 - 6260 - 6295 - 6340 SL - 6198
Sell Nifty Future below 6197 - 6172 - 6125 - 6080 SL - 6221

BANKNIFTY TECHNICAL

Current Spot: 11153.95
Pivot: 11094
5DEMA: 10989
10DEMA: 10958
20DEMA: 10931
50DEMA: 10637
RSI (14 days): 63.50
Parabolic SAR: 10510
Supports: 11002 - 10849 - 10757
Resistance: 11246 - 11338 - 11491

Bank Nifty Future VIX Range: 11054 - 11526
Bank Nifty Future VWAP: 11227.16
MP Values Bank Nifty Future: VAH - 11290, POC - 11245, VAL - 11168

TARGET BANKNIFTY
Buy BankNifty Future above 11290 - 11360 - 11450 - 11605 SL - 11192
Sell BankNifty Future below 11181 - 11120 - 10955 - 10850 SL - 11245

INTRADAY TRADE
Reliance: Buy above 855 for targets of 859, 865 SL 850
Reliance: Sell below 849 for targets of 845, 840 SL 855
Idfc: Buy above 104 for targets of 105, 107 SL 103
Bhartiartl: Buy above 328 for targets of 331, 335 SL 324

SCORE SHEET
Jktyre: Buy above 159 for targets of 162, 168 SL 155: Target 165.25 done
TataElxsi: Buy above 294 for targets of 297, 303 SL 291: Target 306.90 done

POSITIONAL TRADE
Tataglobal: Buy above 149 for target of 155 SL 146 (2-3 Days)
Indiacem: Buy above 60.4 for target of 65 SL 59 (1 Week)

Thanks and Regards

MarketPulse S&P