Market outlook for 18/12/2013

Nifty closed down 15.65 points (0.25%) at 6139.05 while Nifty Future closed at 6160.85, premium of 21.80 points.
Bank Nifty closed down 164.30 points (1.44%) at 11208.65 while Future closed at 11243.70, premium of 35.05 points.

• FII bought in Cash (Net buy 249.93 Crore)
• FII sold in index future, index option and in stock future (Net sell 955.05 Crore)
• DII sold in Cash (Net sell 96.83 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 608:731.
• McClellan's oscillator for NSE at -49.

NIFTY TECHNICAL

Current Spot: 6139.05
Pivot: 6154
5DEMA: 6187
10DEMA: 6203
20DEMA: 6189
50DEMA: 6129
RSI (14 days): 47.08
Parabolic SAR: 6133
Supports: 6118 - 6097 - 6060
Resistance: 6175 - 6212 - 6233

Nifty Future VIX Range: 6090 - 6216
Nifty Future VWAP: 6181.46
MP Values Nifty Future: VAH - 6190, POC - 6170, VAL - 6155

TARGET NIFTY
Buy Nifty Future above 6182 - 6195 - 6225 - 6260 SL - 6169
Sell Nifty Future below 6154 - 6140 - 6115 - 6085 SL - 6180

BANKNIFTY TECHNICAL

Current Spot: 11208.65
Pivot: 11268
5DEMA: 11416
10DEMA: 11448
20DEMA: 11346
50DEMA: 11063
RSI (14 days): 48.55
Parabolic SAR: 12166
Supports: 11118 - 11028 - 10878
Resistance: 11359 - 11508 - 11599

Bank Nifty Future VIX Range: 10992 - 11428
Bank Nifty Future VWAP: 11340.20
MP Values Bank Nifty Future: VAH - 11458, POC - 11371, VAL - 11284

TARGET BANKNIFTY
Buy BankNifty Future above 11321 - 11405 - 11565 - 11690 SL - 11283
Sell BankNifty Future below 11227 - 11145 - 11040 - 10880 SL - 11318

INTRADAY TRADE
Reliance: Buy above 847 for targets of 851, 857 SL 841
Reliance: Sell below 835 for targets of 831, 824 SL 845
Niittech: Buy above 352 for targets of 355, 358 SL 348
Zeel: Buy above 287 for targets of 290, 295 SL 284

SCORE SHEET
TataElxsi: Buy above 350 for targets of 354, 361 SL 345: Target 358.55 done
Pfc: Buy above 153 for targets of 155, 158 SL 151: Target 155.50 done

POSITIONAL TRADE
Jetairways: Buy above 272 for target of 284 SL 268 (2-3 Days)
Nitinspin: Buy above 17.5 for target of 19.5 SL 17.1 (1 Week)

Thanks and Regards

MarketPulse S&P