Sunday, December 29, 2013

Market outlook for 30/12/2013

Nifty closed up 34.90 points (0.56%) at 6313.80 while Nifty Future closed at 6372.05, premium of 58.25 points.
Bank Nifty closed up 73.95 points (0.65%) at 11459.70 while Future closed at 11566.85, premium of 107.15 points.
  • FII bought in Cash (Net buy 295.76 Crore)
  • FII bought in index future, stock future and in index option (Net buy 627.69 Crore)
  • DII sold in Cash (Net sell 159.85 Crore)
  • Most Active Nifty Call Option: 6500 and 6400.
  • Most Active Nifty Put Options: 6300 and 6200.
  • Advance Decline for the day was 767:614.
  • McClellan's oscillator for NSE at +40.
NIFTY TECHNICAL
Current Spot: 6313.80
Pivot: 6309
5DEMA: 6277
10DEMA: 6255
20DEMA: 6227
50DEMA: 6158
RSI (14 days): 59.12
Parabolic SAR: 6325
Supports: 6294 - 6274 - 6258
Resistance: 6329 - 6345 - 6365
Nifty Future VIX Range: 6303 - 6438
Nifty Future VWAP: 6366.82
MP Values Nifty Future: VAH - 6376, POC - 6367, VAL - 6358

TARGET NIFTY
Buy Nifty Future above 6377 - 6390 - 6405 - 6430 SL - 6358
Sell Nifty Future below 6356 - 6345 - 6330 - 6300 SL - 6368

BANKNIFTY TECHNICAL
Current Spot: 11459.70
Pivot: 11461
5DEMA: 11383
10DEMA: 11378
20DEMA: 11343
50DEMA: 11095
RSI (14 days): 54.60
Parabolic SAR: 11735
Supports: 11408 - 11356 - 11303
Resistance: 11513 - 11566 - 11618
Bank Nifty Future VIX Range: 11349 - 11767
Bank Nifty Future VWAP: 11578.58
MP Values Bank Nifty Future: VAH - 11599, POC - 11579, VAL - 11559

TARGET BANKNIFTY
Buy BankNifty Future above 11579 - 11625 - 11690 - 11765 SL - 11553
Sell BankNifty Future below 11541 - 11500 - 11425 - 11360 SL - 11577

INTRADAY TRADE
Reliance: Buy above 888 for targets of 893, 903 SL 881
Reliance: Sell below 874 for targets of 870, 861 SL 885
Apollohosp: Buy above 945 for targets of 955, 970 SL 932
Bajajelec: Buy above 220 for targets of 223, 228 SL 216

SCORE SHEET
Ongc: Buy above 293 for targets of 295, 298 SL 290: Call not active
Libertshoe: Buy above 159 for targets of 161, 165 SL 155: Target 162.90 done

POSITIONAL TRADE
TataElxsi: Buy above 398 for target of 430 SL 385 (2-3 Days)
Nhpc: Buy above 19.7 for target of 21.2 SL 19.2 (1 Week)

Thanks and Regards

MarketPulse S&P

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