Wednesday, December 11, 2013

Market outlook for 12/12/2013

Nifty closed down 24.95 points (0.39%) at 6307.90 while Nifty Future closed at 6343.45, premium of 35.55 points.
Bank Nifty closed down 59.10 points (0.50%) at 11784.35 while Future closed at 11877.85, premium of 93.50 points.
  • FII bought in Cash (Net buy 962.71 Crore)
  • FII sold in index option, stock future but bought in index future (Net sell 570.05 Crore)
  • DII sold in Cash (Net sell 841.95 Crore)
  • Most Active Nifty Call Option: 6400 and 6500.
  • Most Active Nifty Put Options: 6300 and 6200.
  • Advance Decline for the day was 545:780.
  • McClellan's oscillator for NSE at -21.
NIFTY TECHNICAL
Current Spot: 6307.90
Pivot: 6305
5DEMA: 6294
10DEMA: 6247
20DEMA: 6198
50DEMA: 6127
RSI (14 days): 59.93
Parabolic SAR: 6064
Supports: 6283 - 6259 - 6237
Resistance: 6330 - 6351 - 6376
Nifty Future VIX Range: 6288 - 6425
Nifty Future VWAP: 6332.64
MP Values Nifty Future: VAH - 6344, POC - 6334, VAL - 6324

TARGET NIFTY
Buy Nifty Future above 6348 - 6360 - 6380 - 6405 SL - 6334
Sell Nifty Future below 6329 - 6320 - 6295 - 6270 SL - 6344

BANKNIFTY TECHNICAL
Current Spot: 11784.35
Pivot: 11783
5DEMA: 11740
10DEMA: 11550
20DEMA: 11329
50DEMA: 11013
RSI (14 days): 62.27
Parabolic SAR: 11339
Supports: 11689 - 11593 - 11499
Resistance: 11879 - 11973 - 12069
Bank Nifty Future VIX Range: 11707 - 12193
Bank Nifty Future VWAP: 11817.96
MP Values Bank Nifty Future: VAH - 11851, POC - 11809, VAL - 11767

TARGET BANKNIFTY
Buy BankNifty Future above 11887 - 11980 - 12090 - 12440 SL - 11829
Sell BankNifty Future below 11809 - 11740 - 11605 - 11485 SL - 11852

INTRADAY TRADE
Reliance: Buy above 885 for targets of 889, 897 SL 878
Reliance: Sell below 876 for targets of 872, 865 SL 883
Ceatltd: Buy above 321 for targets of 325, 333 SL 317
Hdfc: Buy above 822 for targets of 828, 840 SL 810

SCORE SHEET
Amarajabat: Buy above 361 for targets of 365, 373 SL 356: SL Hit
Sasken: Buy above 173 for targets of 175, 180 SL 170: Target 178.35 done

POSITIONAL TRADE
Prestige: Buy above 161 for target of 170 SL 157 (2-3 Days)
Kecl: Buy above 23 for target of 25 SL 21.80 (1 Week)

Thanks and Regards

MarketPulse S&P

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