Market outlook for 15/01/2014

Nifty closed down 30.90 points (0.49%) at 6241.85 while Nifty Future closed at 6256.50, premium of 14.65 points.
Bank Nifty closed down 72.70 points (0.66%) at 10948.90 while Future closed at 10966.20, premium of 17.30 points.

• FII sold in Cash (Net sell 260.88 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 286.94 Crore)
• DII sold in Cash (Net sell 97.93 Crore)
• Most Active Nifty Call Option: 6400 and 6300.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 606:830.
• McClellan's oscillator for NSE at -22.

NIFTY TECHNICAL

Current Spot: 6241.85
Pivot: 6252
5DEMA: 6222
10DEMA: 6220
20DEMA: 6222
50DEMA: 6202
RSI (14 days): 52.66
Parabolic SAR: 6329
Supports: 6224 - 6206 - 6178
Resistance: 6270 - 6298 - 6316

Nifty Future VIX Range: 6205 - 6320
Nifty Future VWAP: 6264.16
MP Values Nifty Future: VAH - 6276, POC - 6264, VAL - 6252

TARGET NIFTY
Buy Nifty Future above 6268 - 6280 - 6305 - 6330 SL - 6252
Sell Nifty Future below 6248 - 6239 - 6220 - 6195 SL - 6266

BANKNIFTY TECHNICAL

Current Spot: 10948.90
Pivot: 10979
5DEMA: 10978
10DEMA: 11054
20DEMA: 11149
50DEMA: 11147
RSI (14 days): 42.62
Parabolic SAR: 11403
Supports: 10892 - 10836 - 10749
Resistance: 11036 - 11122 - 11179

Bank Nifty Future VIX Range: 10815 - 11145
Bank Nifty Future VWAP: 11006.92
MP Values Bank Nifty Future: VAH - 11074, POC - 11024, VAL - 10974

TARGET BANKNIFTY
Buy BankNifty Future above 11024 - 11060 - 11140 - 11205 SL - 10974
Sell BankNifty Future below 10950 - 10910 - 10845 - 10760 SL - 11022

INTRADAY TRADE
Reliance: Buy above 884 for targets of 889, 896 SL 877
Reliance: Sell below 875 for targets of 870, 864 SL 882
Idea: Buy above 168 for targets of 169.5, 172 SL 165
Adanient: Buy above 245 for targets of 248, 254 SL 241

SCORE SHEET
Supremeind: Buy above 450 for targets of 454, 461 SL 445: Target 457.40 done
Bharatforg: Buy above 348 for targets of 352, 360 SL 343: SL Hit

POSITIONAL TRADE
Libertshoe: Buy above 157 for target of 165 SL 155 (2-3 Days)
Renuka: Buy above 21.9 for target of 23 SL 21.3 (1 Week)

Thanks and Regards

MarketPulse S&P