Thursday, January 2, 2014

Market outlook for 03/01/2014

Nifty closed down 80.50 points (1.28%) at 6221.15 while Nifty Future closed at 6257.75, premium of 36.60 points.
Bank Nifty closed down 202.40 points (1.78%) at 11183.20 while Future closed at 11252.25, premium of 69.05 points.
  • FII bought in Cash (Net buy 674.05 Crore)
  • FII bought in index option but sold in index future, stock future (Net buy 207.16 Crore)
  • DII sold in Cash (Net sell 189.75 Crore)
  • Most Active Nifty Call Option: 6500 and 6400.
  • Most Active Nifty Put Options: 6300 and 6200.
  • Advance Decline for the day was 422:980.
  • McClellan's oscillator for NSE at +26.
NIFTY TECHNICAL
Current Spot: 6221.15
Pivot: 6264
5DEMA: 6269
10DEMA: 6265
20DEMA: 6244
50DEMA: 6182
RSI (14 days): 49.58
Parabolic SAR: 6143
Supports: 6169 - 6117 - 6022
Resistance: 6316 - 6411 - 6463
Nifty Future VIX Range: 6192 - 6320
Nifty Future VWAP: 6324.76
MP Values Nifty Future: VAH - 6405, POC - 6348, VAL - 6291

TARGET NIFTY
Buy Nifty Future above 6309 - 6335 - 6365 - 6410 SL - 6290
Sell Nifty Future below 6248 - 6220 - 6190 - 6145 SL - 6307

BANKNIFTY TECHNICAL
Current Spot: 11183.20
Pivot: 11304
5DEMA: 11317
10DEMA: 11344
20DEMA: 11337
50DEMA: 11156
RSI (14 days): 46.49
Parabolic SAR: 11579
Supports: 11029 - 10875 - 10601
Resistance: 11458 - 11733 - 11887
Bank Nifty Future VIX Range: 11048 - 11430
Bank Nifty Future VWAP: 11468.75
MP Values Bank Nifty Future: VAH - 11506, POC - 11376, VAL - 11246

TARGET BANKNIFTY
Buy BankNifty Future above 11392 - 11480 - 11590 - 11740 SL - 11372
Sell BankNifty Future below 11235 - 11150 - 11045 - 10915 SL - 11389

INTRADAY TRADE
Reliance: Buy above 885 for targets of 889, 904 SL 878
Reliance: Sell below 872 for targets of 868, 857 SL 883
Asianpaint: Buy above 501 for targets of 504, 509 SL 497
Godrejprop: Buy above 183 for targets of 185, 190 SL 179

SCORE SHEET
Rcom: Buy above 139 for targets of 141, 144 SL 136: SL Hit
UcoBank: Buy above 80.2 for targets of 81, 83 SL 79: Target 81.65 done

POSITIONAL TRADE
Zensartech: Buy above 375 for target of 390 SL 369 (2-3 Days)
Sanghiind: Buy above 17.3 for target of 18.9 SL 17.0 (1 Week)

Thanks and Regards

MarketPulse S&P

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