Market outlook for 13/12/2013

Nifty closed down 70.85 points (1.12%) at 6237.05 while Nifty Future closed at 6264.95, premium of 27.90 points.
Bank Nifty closed down 148.85 points (1.26%) at 11635.50 while Future closed at 11692.95, premium of 57.45 points.

• FII bought in Cash (Net buy 187.81 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 722.33 Crore)
• DII sold in Cash (Net sell 354.85 Crore)
• Most Active Nifty Call Option: 6300 and 6400.
• Most Active Nifty Put Options: 6300 and 6200.
• Advance Decline for the day was 483:844.
• McClellan's oscillator for NSE at -32.

NIFTY TECHNICAL

Current Spot: 6237.05
Pivot: 6251
5DEMA: 6275
10DEMA: 6245
20DEMA: 6202
50DEMA: 6126
RSI (14 days): 54.16
Parabolic SAR: 6086
Supports: 6216 - 6195 - 6160
Resistance: 6272 - 6308 - 6329

Nifty Future VIX Range: 6190 - 6326
Nifty Future VWAP: 6287.30
MP Values Nifty Future: VAH - 6312, POC - 6294, VAL - 6276

TARGET NIFTY
Buy Nifty Future above 6285 - 6300 - 6335 - 6360 SL - 6275
Sell Nifty Future below 6256 - 6245 - 6220 - 6185 SL - 6283

BANKNIFTY TECHNICAL

Current Spot: 11635.50
Pivot: 11680
5DEMA: 11705
10DEMA: 11565
20DEMA: 11357
50DEMA: 11020
RSI (14 days): 58.50
Parabolic SAR: 11463
Supports: 11578 - 11521 - 11419
Resistance: 11737 - 11839 - 11896

Bank Nifty Future VIX Range: 11450 - 11920
Bank Nifty Future VWAP: 11744.76
MP Values Bank Nifty Future: VAH - 11800, POC - 11760, VAL - 11720

TARGET BANKNIFTY
Buy BankNifty Future above 11760 - 11805 - 11910 - 11990 SL - 11719
Sell BankNifty Future below 11675 - 11635 - 11570 - 11455 SL - 11756

INTRADAY TRADE
Reliance: Buy above 877 for targets of 881, 887 SL 871
Reliance: Sell below 867 for targets of 863, 856 SL 875
Supremeind: Buy above 462 for targets of 466, 473 SL 457
Ubl: Buy above 817 for targets of 825, 840 SL 809

SCORE SHEET
Ceatltd: Buy above 321 for targets of 325, 333 SL 317: Target 328.60 done
Hdfc: Buy above 822 for targets of 828, 840 SL 810: Target 830.55 done

POSITIONAL TRADE
Clnindia: Buy above 625 for target of 655 SL 607 (2-3 Days)
Jppower: Buy above 19.3 for target of 21 SL 19 (1 Week)

Thanks and Regards

MarketPulse S&P