Market outlook for 19/12/2013

Nifty closed up 78.10 points (1.27%) at 6217.15 while Nifty Future closed at 6249.65, premium of 32.50 points.
Bank Nifty closed up 149.25 points (1.33%) at 11357.90 while Future closed at 11425.40, premium of 67.50 points.

• FII bought in Cash (Net buy 1198.60 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 564.27 Crore)
• DII sold in Cash (Net sell 413.01 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 896:441.
• McClellan's oscillator for NSE at -24.

NIFTY TECHNICAL

Current Spot: 6217.15
Pivot: 6194
5DEMA: 6197
10DEMA: 6206
20DEMA: 6192
50DEMA: 6136
RSI (14 days): 52.89
Parabolic SAR: 6415
Supports: 6153 - 6088 - 6047
Resistance: 6259 - 6300 - 6365

Nifty Future VIX Range: 6194 - 6326
Nifty Future VWAP: 6227.42
MP Values Nifty Future: VAH - 6255, POC - 6236, VAL - 6217

TARGET NIFTY
Buy Nifty Future above 6255 - 6280 - 6320 - 6375 SL - 6217
Sell Nifty Future below 6213 - 6190 - 6150 - 6105 SL - 6236

BANKNIFTY TECHNICAL

Current Spot: 11357.90
Pivot: 11349
5DEMA: 11396
10DEMA: 11431
20DEMA: 11347
50DEMA: 11088
RSI (14 days): 51.76
Parabolic SAR: 12104
Supports: 11126 - 10894 - 10671
Resistance: 11581 - 11804 - 12036

Bank Nifty Future VIX Range: 11239 - 11681
Bank Nifty Future VWAP: 11425.91
MP Values Bank Nifty Future: VAH - 11544, POC - 11418, VAL - 11292

TARGET BANKNIFTY
Buy BankNifty Future above 11434 - 11540 - 11650 - 11790 SL - 11387
Sell BankNifty Future below 11386 - 11290 - 11180 - 11040 SL - 11419

INTRADAY TRADE
Reliance: Buy above 862 for targets of 867, 877 SL 852
Reliance: Sell below 850 for targets of 845, 834 SL 857
Kpit: Buy above 166 for targets of 168, 174 SL 163
Shoperstop: Buy above 388 for targets of 392, 400 SL 384

SCORE SHEET
Niittech: Buy above 352 for targets of 355, 358 SL 348: Target 356.90 done
Zeel: Buy above 287 for targets of 290, 295 SL 284: Target 289.35 done

POSITIONAL TRADE
Vadilalind: Buy above 165 for target of 177 SL 158 (2-3 Days)
Trident: Buy above 17.3 for target of 19 SL 17 (1 Week)

Thanks and Regards

MarketPulse S&P