Market outlook for 31/12/2013

Nifty closed down 22.70 points (0.36%) at 6291.10 while Nifty Future closed at 6334.70, premium of 43.60 points.
Bank Nifty closed down 83.70 points (0.73%) at 11376.00 while Future closed at 11464.45, premium of 88.45 points.

• FII bought in Cash (Net buy 116.06 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 659.54 Crore)
• DII sold in Cash (Net sell 207.15 Crore)
• Most Active Nifty Call Option: 6500 and 6400.
• Most Active Nifty Put Options: 6300 and 6200.
• Advance Decline for the day was 696:698.
• McClellan's oscillator for NSE at +35.

NIFTY TECHNICAL

Current Spot: 6291.10
Pivot: 6303
5DEMA: 6282
10DEMA: 6261
20DEMA: 6233
50DEMA: 6155
RSI (14 days): 57.23
Parabolic SAR: 6130
Supports: 6261 - 6232 - 6191
Resistance: 6332 - 6374 - 6403

Nifty Future VIX Range: 6269 - 6401
Nifty Future VWAP: 6345.90
MP Values Nifty Future: VAH - 6369, POC - 6351, VAL - 6333

TARGET NIFTY
Buy Nifty Future above 6354 - 6370 - 6400 - 6440 SL - 6333
Sell Nifty Future below 6326 - 6311 - 6285 - 6245 SL - 6353

BANKNIFTY TECHNICAL

Current Spot: 11376.00
Pivot: 11428
5DEMA: 11381
10DEMA: 11378
20DEMA: 11345
50DEMA: 11082
RSI (14 days): 52.56
Parabolic SAR: 11679
Supports: 11303 - 11230 - 11106
Resistance: 11501 - 11625 - 11698

Bank Nifty Future VIX Range: 11256 - 11660
Bank Nifty Future VWAP: 11509.20
MP Values Bank Nifty Future: VAH - 11583, POC - 11521, VAL - 11459

TARGET BANKNIFTY
Buy BankNifty Future above 11526 - 11585 - 11700 - 11785 SL - 11458
Sell BankNifty Future below 11447 - 11395 - 11325 - 11205 SL - 11524

INTRADAY TRADE
Reliance: Buy above 889 for targets of 893, 900 SL 882
Reliance: Sell below 880 for targets of 876, 868 SL 886
Pvr: Buy above 652 for targets of 659, 670 SL 643
Bhel: Buy above 180 for targets of 182, 186 SL 177

SCORE SHEET
Apollohosp: Buy above 945 for targets of 955, 970 SL 932: Target 961.70 done
Bajajelec: Buy above 220 for targets of 223, 228 SL 216: Target 228.45 done

POSITIONAL TRADE
Ashokley: Buy above 17.2 for target of 17.9 SL 16.9 (2-3 Days)
Gtl: Buy above 16.6 for target of 18.9 SL 15.9 (1 Week)

Thanks and Regards

MarketPulse S&P