Monday, January 6, 2014

Market outlook for 07/01/2014

Nifty closed down 19.70 points (0.32%) at 6191.45 while Nifty Future closed at 6229.20, premium of 37.75 points.
Bank Nifty closed down 132.60 points (1.19%) at 11049.05 while Future closed at 11119.00, premium of 69.95 points.
  • FII sold in Cash (Net sell 318.91 Crore)
  • FII bought in index option but sold in index future, stock future (Net buy 72.81 Crore)
  • DII sold in Cash (Net sell 22.54 Crore)
  • Most Active Nifty Call Option: 6400 and 6300.
  • Most Active Nifty Put Options: 6200 and 6100.
  • Advance Decline for the day was 796:565.
  • McClellan's oscillator for NSE at +29.
NIFTY TECHNICAL
Current Spot: 6191.45
Pivot: 6195
5DEMA: 6230
10DEMA: 6244
20DEMA: 6236
50DEMA: 6184
RSI (14 days): 46.96
Parabolic SAR: 6160
Supports: 6166 - 6141 - 6112
Resistance: 6221 - 6250 - 6275
Nifty Future VIX Range: 6166 - 6290
Nifty Future VWAP: 6223.03
MP Values Nifty Future: VAH - 6234, POC - 6225, VAL - 6216

TARGET NIFTY
Buy Nifty Future above 6235 - 6250 - 6275 - 6305 SL - 6216
Sell Nifty Future below 6215 - 6201 - 6175 - 6145 SL - 6234

BANKNIFTY TECHNICAL
Current Spot: 11049.05
Pivot: 11073
5DEMA: 11197
10DEMA: 11266
20DEMA: 11296
50DEMA: 11142
RSI (14 days): 42.98
Parabolic SAR: 11532
Supports: 10973 - 10896 - 10795
Resistance: 11150 - 11251 - 11327
Bank Nifty Future VIX Range: 10943 - 11309
Bank Nifty Future VWAP: 11130.38
MP Values Bank Nifty Future: VAH - 11158, POC - 11118, VAL - 11078

TARGET BANKNIFTY
Buy BankNifty Future above 11158 - 11230 - 11320 - 11440 SL - 11116
Sell BankNifty Future below 11102 - 11035 - 10945 - 10830 SL - 11155

INTRADAY TRADE
Reliance: Buy above 860 for targets of 864, 872 SL 854
Reliance: Sell below 852 for targets of 847, 839 SL 858
Aban: Buy above 406 for targets of 410, 418 SL 399
Erosmedia: Buy above 180 for targets of 182, 187 SL 177

SCORE SHEET
Niittech: Buy above 380 for targets of 383, 389 SL 376: Target 387.30 done
TataElxsi: Buy above 414 for targets of 418, 426 SL 409: Target 420.75 done

POSITIONAL TRADE
Finantech: Buy above 249 for target of 264 SL 242 (2-3 Days)
Siticable: Buy above 19 for target of 21 SL 18.5 (1 Week)

Thanks and Regards

MarketPulse S&P

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