Market outlook for 05/12/2013

Nifty closed down 40.90 points (0.66%) at 6160.95 while Nifty Future closed at 6199.40, premium of 38.20 points.
Bank Nifty closed down 54.55 points (0.49%) at 11156.75 while Future closed at 11225.25, premium of 68.50 points.

• FII bought in Cash (Net buy 52.11 Crore)
• FII sold in index future, index option and in stock future (Net sell 896.72 Crore)
• DII sold in Cash (Net sell 18.05 Crore)
• Most Active Nifty Call Option: 6400 and 6500.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 585:769.
• McClellan's oscillator for NSE at +5.

NIFTY TECHNICAL

Current Spot: 6160.95
Pivot: 6173
5DEMA: 6163
10DEMA: 6141
20DEMA: 6128
50DEMA: 6045
RSI (14 days): 54.02
Parabolic SAR: 5983
Supports: 6138 - 6114 - 6078
Resistance: 6197 - 6233 - 6256

Nifty Future VIX Range: 6142 - 6284
Nifty Future VWAP: 6220.33
MP Values Nifty Future: VAH - 6240, POC - 6222, VAL - 6204

TARGET NIFTY
Buy Nifty Future above 6222 - 6240 - 6275 - 6305 SL - 6204
Sell Nifty Future below 6190 - 6175 - 6149 - 6110 SL - 6222

BANKNIFTY TECHNICAL

Current Spot: 11156.75
Pivot: 11160
5DEMA: 11138
10DEMA: 11071
20DEMA: 11004
50DEMA: 10697
RSI (14 days): 56.04
Parabolic SAR: 10681
Supports: 11104 - 11052 - 10996
Resistance: 11213 - 11268 - 11321

Bank Nifty Future VIX Range: 11052 - 11488
Bank Nifty Future VWAP: 11236.49
MP Values Bank Nifty Future: VAH - 11261, POC - 11236, VAL - 11211

TARGET BANKNIFTY
Buy BankNifty Future above 11261 - 11300 - 11360 - 11415 SL - 11233
Sell BankNifty Future below 11208 - 11175 - 11125 - 11055 SL - 11256

INTRADAY TRADE
Reliance: Buy above 863 for targets of 867, 874 SL 857
Reliance: Sell below 852 for targets of 848, 840 SL 861
Jktyre: Buy above 169 for targets of 172, 176 SL 166
Niittech: Buy above 340 for targets of 344, 352 SL 335

SCORE SHEET
Mcleodruss: Buy above 303 for targets of 306, 312 SL 297: Call not Active
Jindalstel: Buy above 279 for targets of 282, 289 SL 275: Target 282.90 done

POSITIONAL TRADE
Ceatltd: Buy above 334 for target of 350 SL 322 (2-3 Days)
Emco: Buy above 18.2 for target of 20 SL 17.9 (1 Week)

Thanks and Regards

MarketPulse S&P