Market outlook for 20/12/2013

Nifty closed down 50.50 points (0.81%) at 6166.65 while Nifty Future closed at 6177.80, premium of 11.15 points.
Bank Nifty closed down 270.45 points (2.38%) at 11087.45 while Future closed at 11112.85, premium of 25.40 points.

• FII bought in Cash (Net buy 2264.11 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 176.01 Crore)
• DII sold in Cash (Net sell 41.59 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 593:725.
• McClellan's oscillator for NSE at -24.

NIFTY TECHNICAL

Current Spot: 6166.65
Pivot: 6194
5DEMA: 6187
10DEMA: 6199
20DEMA: 6190
50DEMA: 6155
RSI (14 days): 48.65
Parabolic SAR: 6382
Supports: 6124 - 6081 - 6011
Resistance: 6237 - 6307 - 6350

Nifty Future VIX Range: 6117 - 6249
Nifty Future VWAP: 6191.91
MP Values Nifty Future: VAH - 6219, POC - 6193, VAL - 6167

TARGET NIFTY
Buy Nifty Future above 6219 - 6250 - 6285 - 6340 SL - 6193
Sell Nifty Future below 6167 - 6135 - 6100 - 6045 SL - 6216

BANKNIFTY TECHNICAL

Current Spot: 11112.85
Pivot: 11211
5DEMA: 11293
10DEMA: 11369
20DEMA: 11324
50DEMA: 11144
RSI (14 days): 45.53
Parabolic SAR: 12018
Supports: 10917 - 10746 - 10451
Resistance: 11382 - 11676 - 11847

Bank Nifty Future VIX Range: 10902 - 11344
Bank Nifty Future VWAP: 11182.42
MP Values Bank Nifty Future: VAH - 11316, POC - 11194, VAL - 11072

TARGET BANKNIFTY
Buy BankNifty Future above 11250 - 11340 - 11450 - 11590 SL - 11194
Sell BankNifty Future below 11096 - 11000 - 10890 - 10750 SL - 11247

INTRADAY TRADE
Reliance: Buy above 856 for targets of 861, 873 SL 851
Reliance: Sell below 850 for targets of 845, 835 SL 856
Maruti: Buy above 1785 for targets of 1802, 1832 SL 1763
Adaniports: Buy above 168 for targets of 170, 175 SL 164

SCORE SHEET
Kpit: Buy above 166 for targets of 168, 174 SL 163: Target 170.20 done
Shoperstop: Buy above 388 for targets of 392, 400 SL 384: Target 397.80 done

POSITIONAL TRADE
Wipro: Buy above 531 for target of 547 SL 527 (2-3 Days)
Fsl: Buy above 20.7 for target of 22 SL 20.4 (1 Week)

Thanks and Regards

MarketPulse S&P