Wednesday, December 25, 2013

Market outlook for 26/12/2013

Nifty closed down 16.10 points (0.28%) at 6268.40 while Nifty Future closed at 6281.70, premium of 13.30 points.
Bank Nifty closed down 47.85 points (0.42%) at 11330.65 while Future closed at 11357.15, premium of 26.50 points.
  • FII bought in Cash (Net buy 40.67 Crore)
  • FII sold in stock future, index option but bought in index future (Net sell 628.66 Crore)
  • DII bought in Cash (Net buy 43.90 Crore)
  • Most Active Nifty Call Option: 6300 and 6400.
  • Most Active Nifty Put Options: 6300 and 6200.
  • Advance Decline for the day was 834:547.
  • McClellan's oscillator for NSE at +25.
NIFTY TECHNICAL
Current Spot: 6268.40
Pivot: 6277
5DEMA: 6249
10DEMA: 6233
20DEMA: 6212
50DEMA: 6152
RSI (14 days): 55.73
Parabolic SAR: 6340
Supports: 6253 - 6238 - 6214
Resistance: 6293 - 6317 - 6332
Nifty Future VIX Range: 6217 - 6350
Nifty Future VWAP: 6295.08
MP Values Nifty Future: VAH - 6311, POC - 6302, VAL - 6285

TARGET NIFTY
Buy Nifty Future above 6303 - 6315 - 6235 - 6365 SL - 6285
Sell Nifty Future below 6279 - 6265 - 6245 - 6210 SL - 6302

BANKNIFTY TECHNICAL
Current Spot: 11330.65
Pivot: 11341
5DEMA: 11325
10DEMA: 11354
20DEMA: 11325
50DEMA: 11092
RSI (14 days): 51.37
Parabolic SAR: 11861
Supports: 11277 - 11223 - 11159
Resistance: 11395 - 11459 - 11512
Bank Nifty Future VIX Range: 11147 - 11573
Bank Nifty Future VWAP: 11369.45
MP Values Bank Nifty Future: VAH - 11396, POC - 11370, VAL - 11344

TARGET BANKNIFTY
Buy BankNifty Future above 11376 - 11420 - 11485 - 11545 SL - 11344
Sell BankNifty Future below 11340 - 11305 - 11250 - 11180 SL - 11374

INTRADAY TRADE
Reliance: Buy above 904 for targets of 907, 913 SL 897
Reliance: Sell below 894 for targets of 891, 886 SL 902
TataGlobal: Buy above 158 for targets of 160, 163 SL 155
BankIndia: Buy above 227 for targets of 229, 233 SL 224

SCORE SHEET
Riil: Buy above 378 for targets of 382, 388 SL 373: Target 396.40 done
JswSteel: Buy above 990 for targets of 998, 1012 SL 979: Target 994.20 done

POSITIONAL TRADE
Ifci: Buy above 25.30 for target of 26.50 SL 24.90 (2-3 Days)
Apollotyre: Buy above 101 for target of 108 SL 97 (1 Week)

Thanks and Regards

MarketPulse S&P

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