Market outlook for 14/01/2014

Nifty closed up 101.30 points (1.64%) at 6272.75 while Nifty Future closed at 6285.30, premium of 12.55 points.
Bank Nifty closed up 216.30 points (2.00%) at 11021.60 while Future closed at 11050.50, premium of 28.90 points.

• FII bought in Cash (Net buy 413.85 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1920.76 Crore)
• DII sold in Cash (Net sell 317.52 Crore)
• Most Active Nifty Call Option: 6400 and 6300.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 705:746.
• McClellan's oscillator for NSE at -16.

NIFTY TECHNICAL

Current Spot: 6272.75
Pivot: 6250
5DEMA: 6212
10DEMA: 6216
20DEMA: 6220
50DEMA: 6200
RSI (14 days): 56.13
Parabolic SAR: 6337
Supports: 6212 - 6152 - 6113
Resistance: 6311 - 6349 - 6409

Nifty Future VIX Range: 6241 - 6359
Nifty Future VWAP: 6258.96
MP Values Nifty Future: VAH - 6280, POC - 6252, VAL - 6224

TARGET NIFTY
Buy Nifty Future above 6290 - 6315 - 6350 - 6395 SL - 6252
Sell Nifty Future below 6251 - 6225 - 6190 - 6145 SL - 6280

BANKNIFTY TECHNICAL

Current Spot: 11021.60
Pivot: 10969
5DEMA: 10993
10DEMA: 11077
20DEMA: 11170
50DEMA: 11155
RSI (14 days): 44.68
Parabolic SAR: 11442
Supports: 10867 - 10713 - 10612
Resistance: 11123 - 11224 - 11379

Bank Nifty Future VIX Range: 10926 - 11268
Bank Nifty Future VWAP: 10974.06
MP Values Bank Nifty Future: VAH - 11024, POC - 10968, VAL - 10912

TARGET BANKNIFTY
Buy BankNifty Future above 11059 - 11150 - 11260 - 11405 SL - 10985
Sell BankNifty Future below 10968 - 10890 - 10755 - 10620 SL - 11024

INTRADAY TRADE
Reliance: Buy above 883 for targets of 889, 899 SL 875
Reliance: Sell below 873 for targets of 867, 858 SL 880
Supremeind: Buy above 450 for targets of 454, 461 SL 445
Bharatforg: Buy above 348 for targets of 352, 360 SL 343

SCORE SHEET
Hcltech: Buy above 1301 for targets of 1313, 1330 SL 1280: Target 1353.00 done
Mcdowell-n: Buy above 2795 for targets of 2815, 2340 SL 2769: Call not Active

POSITIONAL TRADE
Finantech: Buy above 331 for target of 345 SL 322 (2-3 Days)
Psl: Buy above 24 for target of 25.5 SL 23.6 (1 Week)

Thanks and Regards

MarketPulse S&P