Tuesday, December 10, 2013

Market outlook for 11/12/2013

Nifty closed down 31.05 points (0.49%) at 6332.85 while Nifty Future closed at 6369.50, premium of 36.65 points.
Bank Nifty closed down 222.45 points (1.84%) at 11843.45 while Future closed at 11924.30, premium of 80.85 points.
  • FII bought in Cash (Net buy 395.68 Crore)
  • FII sold in index option, stock future but bought in index future (Net sell 1987.46 Crore)
  • DII sold in Cash (Net sell 628.16 Crore)
  • Most Active Nifty Call Option: 6400 and 6500.
  • Most Active Nifty Put Options: 6300 and 6200.
  • Advance Decline for the day was 434:909.
  • McClellan's oscillator for NSE at -14.
NIFTY TECHNICAL
Current Spot: 6332.85
Pivot: 6334
5DEMA: 6286
10DEMA: 6234
20DEMA: 6187
50DEMA: 6118
RSI (14 days): 62.22
Parabolic SAR: 6079
Supports: 6306 - 6280 - 6251
Resistance: 6361 - 6389 - 6416
Nifty Future VIX Range: 6301 - 6443
Nifty Future VWAP: 6370.33
MP Values Nifty Future: VAH - 6382, POC - 6368, VAL - 6354

TARGET NIFTY
Buy Nifty Future above 6382 - 6400 - 6440 - 6490 SL - 6367
Sell Nifty Future below 6354 - 6335 - 6295 - 6245 SL - 6374

BANKNIFTY TECHNICAL
Current Spot: 11843.45
Pivot: 11895
5DEMA: 11718
10DEMA: 11498
20DEMA: 11280
50DEMA: 10966
RSI (14 days): 63.97
Parabolic SAR: 11194
Supports: 11723 - 11603 - 11431
Resistance: 12016 - 12188 - 12308
Bank Nifty Future VIX Range: 11667 - 12167
Bank Nifty Future VWAP: 11941.15
MP Values Bank Nifty Future: VAH - 11999, POC - 11910, VAL - 11841

TARGET BANKNIFTY
Buy BankNifty Future above 11999 - 12100 - 12260 - 12440 SL - 11967
Sell BankNifty Future below 11908 - 11810 - 11665 - 11515 SL - 11987

INTRADAY TRADE
Reliance: Buy above 887 for targets of 891, 897 SL 882
Reliance: Sell below 880 for targets of 876, 871 SL 886
Amarajabat: Buy above 361 for targets of 365, 373 SL 356
Sasken: Buy above 173 for targets of 175, 180 SL 170

SCORE SHEET
Bharatforge: Buy above 316 for targets of 319, 324 SL 312: Target 326.90 done
Sslt: Buy above 193 for targets of 194.5, 197 SL 190: Target 196.95 done

POSITIONAL TRADE
Kajariacer: Buy above 280 for target of 292 SL 274 (2-3 Days)
Ibsec: Buy above 22.60 for target of 24 SL 22.30 (1 Week)

Thanks and Regards

MarketPulse S&P

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