Market outlook for 16/12/2013

Nifty closed down 68.65 points (1.10%) at 6168.40 while Nifty Future closed at 6197.75, premium of 29.35 points.
Bank Nifty closed down 268.60 points (2.13%) at 11366.90 while Future closed at 11429.10, premium of 62.20 points.

• FII sold in Cash (Net sell 432.05 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 609.57 Crore)
• DII sold in Cash (Net sell 45.07 Crore)
• Most Active Nifty Call Option: 6300 and 6400.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 334:1004.
• McClellan's oscillator for NSE at -52.

NIFTY TECHNICAL

Current Spot: 6168.40
Pivot: 6179
5DEMA: 6239
10DEMA: 6231
20DEMA: 6199
50DEMA: 6128
RSI (14 days): 49.14
Parabolic SAR: 6105
Supports: 6150 - 6132 - 6103
Resistance: 6198 - 6227 - 6245

Nifty Future VIX Range: 6140 - 6276
Nifty Future VWAP: 6211.28
MP Values Nifty Future: VAH - 6223, POC - 6209, VAL - 6195

TARGET NIFTY
Buy Nifty Future above 6212 - 6222 - 6245 - 6265 SL - 6195
Sell Nifty Future below 6188 - 6178 - 6160 - 6135 SL - 6210

BANKNIFTY TECHNICAL

Current Spot: 11366.90
Pivot: 11417
5DEMA: 11592
10DEMA: 11529
20DEMA: 11358
50DEMA: 11036
RSI (14 days): 52.18
Parabolic SAR: 12226
Supports: 11300 - 11233 - 11115
Resistance: 11484 - 11602 - 11669

Bank Nifty Future VIX Range: 11188 - 11652
Bank Nifty Future VWAP: 11481.70
MP Values Bank Nifty Future: VAH - 11554, POC - 11509, VAL - 11464

TARGET BANKNIFTY
Buy BankNifty Future above 11485 - 11530 - 11620 - 11700 SL - 11463
Sell BankNifty Future below 11415 - 11380 - 11320 - 11225 SL - 11481

INTRADAY TRADE
Reliance: Buy above 867 for targets of 871, 878 SL 861
Reliance: Sell below 859 for targets of 855, 850 SL 866
CoalIndia: Buy above 284 for targets of 286, 290 SL 281
TataSteel: Buy above 416 for targets of 419, 424 SL 412

SCORE SHEET
Supremeind: Buy above 462 for targets of 466, 473 SL 457: Call not active
Ubl: Buy above 817 for targets of 825, 840 SL 809: Target 837.90 done

POSITIONAL TRADE
TataMtrdvr: Buy above 192 for target of 199 SL 188 (2-3 Days)
Mcdholding: Buy above 23.8 for target of 26 SL 23.1 (1 Week)

Thanks and Regards

MarketPulse S&P