Market outlook for 06/12/2013

Nifty closed up 80.15 points (1.30%) at 6241.10 while Nifty Future closed at 6279.95, premium of 38.85 points.
Bank Nifty closed up 508.35 points (4.56%) at 11665.10 while Future closed at 11726.55, premium of 61.45 points.

• FII bought in Cash (Net buy 1151.51 Crore)
• FII bought in index future, index option and in stock future (Net buy 2921.53 Crore)
• DII sold in Cash (Net sell 674.02 Crore)
• Most Active Nifty Call Option: 6400 and 6500.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 683:663.
• McClellan's oscillator for NSE at +5.

NIFTY TECHNICAL

Current Spot: 6241.10
Pivot: 6258
5DEMA: 6189
10DEMA: 6159
20DEMA: 6139
50DEMA: 6065
RSI (14 days): 58.80
Parabolic SAR: 5989
Supports: 6215 - 6189 - 6147
Resistance: 6284 - 6326 - 6352

Nifty Future VIX Range: 6201 - 6345
Nifty Future VWAP: 6303.38
MP Values Nifty Future: VAH - 6334, POC - 6311, VAL - 6287

TARGET NIFTY
Buy Nifty Future above 6301 - 6320 - 6255 - 6395 SL - 6287
Sell Nifty Future below 6272 - 6255 - 6225 - 6185 SL - 6299

BANKNIFTY TECHNICAL

Current Spot: 11665.10
Pivot: 11607
5DEMA: 11314
10DEMA: 11179
20DEMA: 11069
50DEMA: 10805
RSI (14 days): 64.79
Parabolic SAR: 10762
Supports: 11528 - 11390 - 11312
Resistance: 11744 - 11823 - 11960

Bank Nifty Future VIX Range: 11467 - 11973
Bank Nifty Future VWAP: 11687.29
MP Values Bank Nifty Future: VAH - 11734, POC - 11670, VAL - 11606

TARGET BANKNIFTY
Buy BankNifty Future above 11735 - 11810 - 11915 - 12045 SL - 11639
Sell BankNifty Future below 11632 - 11560 - 11445 - 11305 SL - 11671

INTRADAY TRADE
Reliance: Buy above 875 for targets of 878, 883 SL 869
Reliance: Sell below 867 for targets of 864, 859 SL 874
Coalindia: Buy above 281 for targets of 284, 289 SL 278
RelInfra: Buy above 439 for targets of 442, 447 SL 436

SCORE SHEET
Jktyre: Buy above 169 for targets of 172, 176 SL 166: Call not Active
Niittech: Buy above 340 for targets of 344, 352 SL 335: Target 343.80 done

POSITIONAL TRADE
Yesbank: Buy above 398 for target of 412 SL 392 (2-3 Days)
Ivrclinfra: Buy above 17 for target of 18.8 SL 16.5 (1 Week)

Thanks and Regards

MarketPulse S&P