Market outlook for 23/12/2013

Nifty closed up 107.60 points (1.74%) at 6274.25 while Nifty Future closed at 6292.35, premium of 18.10 points.
Bank Nifty closed up 204.90 points (1.85%) at 11292.35 while Future closed at 11326.55, premium of 34.20 points.

• FII bought in Cash (Net buy 990.19 Crore)
• FII bought in index future, stock future and in index option (Net buy 1275.19 Crore)
• DII sold in Cash (Net sell 247.95 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 933:406.
• McClellan's oscillator for NSE at +00.

NIFTY TECHNICAL

Current Spot: 6274.25
Pivot: 6243
5DEMA: 6216
10DEMA: 6212
20DEMA: 6198
50DEMA: 6151
RSI (14 days): 56.16
Parabolic SAR: 6367
Supports: 6202 - 6129 - 6087
Resistance: 6316 - 6357 - 6430

Nifty Future VIX Range: 6229 - 6371
Nifty Future VWAP: 6239.10
MP Values Nifty Future: VAH - 6289, POC - 6246, VAL - 6203

TARGET NIFTY
Buy Nifty Future above 6297 - 6325 - 6265 - 6410 SL - 6246
Sell Nifty Future below 6245 - 6215 - 6175 - 6130 SL - 6289

BANKNIFTY TECHNICAL

Current Spot: 11292.35
Pivot: 11228
5DEMA: 11293
10DEMA: 11355
20DEMA: 11320
50DEMA: 11113
RSI (14 days): 50.34
Parabolic SAR: 12010
Supports: 11138 - 10984 - 10894
Resistance: 11382 - 11472 - 11626

Bank Nifty Future VIX Range: 11113 - 11563
Bank Nifty Future VWAP: 11235.85
MP Values Bank Nifty Future: VAH - 11337, POC - 11263, VAL - 11189

TARGET BANKNIFTY
Buy BankNifty Future above 11337 - 11420 - 11510 - 11660 SL - 11248
Sell BankNifty Future below 11236 - 11160 - 11050 - 10940 SL - 11264

INTRADAY TRADE
Reliance: Buy above 897 for targets of 902, 912 SL 884
Reliance: Sell below 882 for targets of 876, 866 SL 887
Tataglobal: Buy above 154 for targets of 155.5, 158 SL 151
Pfc: Buy above 162 for targets of 164, 168 SL 159

SCORE SHEET
Maruti: Buy above 1785 for targets of 1802, 1832 SL 1763: Target 1830.00 done
Adaniports: Buy above 168 for targets of 170, 175 SL 164: Call not active

POSITIONAL TRADE
Den: Buy above 166 for target of 176 SL 161 (2-3 Days)
Siticable: Buy above 18.8 for target of 20 SL 18.3 (1 Week)

Thanks and Regards

MarketPulse S&P