Market outlook for 27/12/2013

Nifty closed up 10.50 points (0.17%) at 6278.90 while Nifty Future closed at 6344.50, premium of 65.60 points.
Bank Nifty closed up 55.10 points (0.49%) at 11385.75 while Future closed at 11515.50, premium of 129.75 points.

• FII bought in Cash (Net buy 743.70 Crore)
• FII sold in stock future, index option but bought in index future (Net sell 632.02 Crore)
• DII sold in Cash (Net sell 203.44 Crore)
• Most Active Nifty Call Option: 6500 and 6300.
• Most Active Nifty Put Options: 6300 and 6200.
• Advance Decline for the day was 936:453.
• McClellan's oscillator for NSE at +40.

NIFTY TECHNICAL

Current Spot: 6278.90
Pivot: 6280
5DEMA: 6259
10DEMA: 6242
20DEMA: 6218
50DEMA: 6156
RSI (14 days): 56.53
Parabolic SAR: 6327
Supports: 6258 - 6237 - 6215
Resistance: 6301 - 6324 - 6345

Nifty Future VIX Range: 6278 - 6408
Nifty Future VWAP: 6344.31
MP Values Nifty Future: VAH - 6354, POC - 6345, VAL - 6336

TARGET NIFTY
Buy Nifty Future above 6354 - 6361 - 6375 - 6390 SL - 6344
Sell Nifty Future below 6336 - 6329 - 6317 - 6300 SL - 6347

BANKNIFTY TECHNICAL

Current Spot: 11385.75
Pivot: 11377
5DEMA: 11345
10DEMA: 11360
20DEMA: 11331
50DEMA: 11097
RSI (14 days): 52.70
Parabolic SAR: 11795
Supports: 11327 - 11268 - 11218
Resistance: 11436 - 11486 - 11545

Bank Nifty Future VIX Range: 11320 - 11740
Bank Nifty Future VWAP: 11495.38
MP Values Bank Nifty Future: VAH - 11518, POC - 11487, VAL - 11456

TARGET BANKNIFTY
Buy BankNifty Future above 11523 - 11560 - 11615 - 11695 SL - 11485
Sell BankNifty Future below 11473 - 11445 - 11365 - 11310 SL - 11518

INTRADAY TRADE
Reliance: Buy above 894 for targets of 897, 906 SL 888
Reliance: Sell below 884 for targets of 881, 874 SL 892
Ongc: Buy above 293 for targets of 295, 298 SL 290
Libertshoe: Buy above 159 for targets of 161, 165 SL 155

SCORE SHEET
TataGlobal: Buy above 158 for targets of 160, 163 SL 155: Target 166.10 done
BankIndia: Buy above 227 for targets of 229, 233 SL 224: Target 231.15 done

POSITIONAL TRADE
Sparc: Buy above 162 for target of 169 SL 159 (2-3 Days)
Fsl: Buy above 22.4 for target of 24.5 SL 21.6 (1 Week)

Thanks and Regards

MarketPulse S&P