Monday, December 2, 2013

Market outlook for 03/12/2013

Nifty closed up 41.75 points (0.68%) at 6217.85 while Nifty Future closed at 6263.75, premium of 45.90 points.
Bank Nifty closed up 130.40 points (1.17%) at 11284.35 while Future closed at 11383.20, premium of 98.85 points.
  • FII bought in Cash (Net buy 790.97 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 1670.24 Crore)
  • DII sold in Cash (Net sell 618.20 Crore)
  • Most Active Nifty Call Option: 6300 and 6400.
  • Most Active Nifty Put Options: 6100 and 6000.
  • Advance Decline for the day was 872:501.
  • McClellan's oscillator for NSE at +18.
NIFTY TECHNICAL
Current Spot: 6217.85
Pivot: 6206
5DEMA: 6145
10DEMA: 6122
20DEMA: 6117
50DEMA: 6042
RSI (14 days): 58.24
Parabolic SAR: 5973
Supports: 6183 - 6148 - 6126
Resistance: 6241 - 6263 - 6298
Nifty Future VIX Range: 6189 - 6339
Nifty Future VWAP: 6255.97
MP Values Nifty Future: VAH - 6270, POC - 6263, VAL - 6247

TARGET NIFTY
Buy Nifty Future above 6270 - 6285 - 6305 - 6340 SL - 6146
Sell Nifty Future below 6244 - 6230 - 6205 - 6180 SL - 6264

BANKNIFTY TECHNICAL
Current Spot: 11284.35
Pivot: 11271
5DEMA: 11087
10DEMA: 11017
20DEMA: 10966
50DEMA: 10681
RSI (14 days): 59.17
Parabolic SAR: 10560
Supports: 11194 - 11104 - 11027
Resistance: 11361 - 11438 - 11528
Bank Nifty Future VIX Range: 11144 - 11608
Bank Nifty Future VWAP: 11379.53
MP Values Bank Nifty Future: VAH - 11413, POC - 11380, VAL - 11347

TARGET BANKNIFTY
Buy BankNifty Future above 11413 - 11460 - 11520 - 11605 SL - 11347
Sell BankNifty Future below 11345 - 11300 - 11215 - 11140 SL - 11381

INTRADAY TRADE
Reliance: Buy above 861 for targets of 865, 870 SL 855
Reliance: Sell below 851 for targets of 847, 842 SL 859
Orientbank: Buy above 193 for targets of 194.5, 197 SL 190
Jindalstel: Buy above 270 for targets of 273, 278 SL 266

SCORE SHEET
Idfc: Buy above 104 for targets of 105, 107 SL 103: Target 107.35 done
Bhartiartl: Buy above 328 for targets of 331, 335 SL 324: Target 335.60 done

POSITIONAL TRADE
Tatacomm: Buy above 298 for target of 310 SL 292 (2-3 Days)
Electcast: Buy above 16 for target of 18 SL 15.7 (1 Week)

Thanks and Regards

MarketPulse S&P

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