Market outlook for 13/01/2014

Nifty closed up 3.10 points (0.05%) at 6171.45 while Nifty Future closed at 6178.25, premium of 6.80 points.
Bank Nifty closed down 165.15 points (1.51%) at 10805.30 while Future closed at 10836.25, premium of 30.95 points.

• FII bought in Cash (Net buy 68.16 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 412.96 Crore)
• DII bought in Cash (Net buy 81.73 Crore)
• Most Active Nifty Call Option: 6300 and 6200.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 446:939.
• McClellan's oscillator for NSE at -17.

NIFTY TECHNICAL

Current Spot: 6171.45
Pivot: 6183
5DEMA: 6182
10DEMA: 6203
20DEMA: 6214
50DEMA: 6190
RSI (14 days): 45.31
Parabolic SAR: 6346
Supports: 6128 - 6084 - 6028
Resistance: 6227 - 6283 - 6327

Nifty Future VIX Range: 6126 - 6234
Nifty Future VWAP: 6208.47
MP Values Nifty Future: VAH - 6226, POC - 6188, VAL - 6158

TARGET NIFTY
Buy Nifty Future above 6208 - 6243 - 6290 - 6345 SL - 6188
Sell Nifty Future below 6169 - 6140 - 6095 - 6045 SL - 6206

BANKNIFTY TECHNICAL

Current Spot: 10805.30
Pivot: 10883
5DEMA: 10979
10DEMA: 11090
20DEMA: 11185
50DEMA: 11130
RSI (14 days): 36.39
Parabolic SAR: 11272
Supports: 10710 - 10615 - 10441
Resistance: 10979 - 11152 - 11247

Bank Nifty Future VIX Range: 10672 - 10998
Bank Nifty Future VWAP: 10961.54
MP Values Bank Nifty Future: VAH - 11105, POC - 11020, VAL - 10923

TARGET BANKNIFTY
Buy BankNifty Future above 10929 - 11025 - 11150 - 11295 SL - 10898
Sell BankNifty Future below 10822 - 10735 - 10625 - 10450 SL - 10926

INTRADAY TRADE
Reliance: Buy above 865 for targets of 871, 887 SL 859
Reliance: Sell below 854 for targets of 848, 837 SL 863
Hcltech: Buy above 1301 for targets of 1313, 1330 SL 1280
Mcdowell-n: Buy above 2795 for targets of 2815, 2340 SL 2769

SCORE SHEET
Mothersumi: Buy above 214 for targets of 217, 223 SL 210: Call not Active
Jindalstel: Buy above 265 for targets of 268, 272 SL 261: Target 268.80 done

POSITIONAL TRADE
Gujalkali: Buy above 188 for target of 197 SL 184 (2-3 Days)
Mahseamles: Buy above 191 for target of 205 SL 188 (1 Week)

Thanks and Regards

MarketPulse S&P