Market outlook for 16/01/2014

Nifty closed up 79.05 points (1.61%) at 6320.90 while Nifty Future closed at 6331.10, premium of 10.20 points.
Bank Nifty closed up 176.50 points (1.61%) at 11125.40 while Future closed at 11147.45, premium of 22.05 points.

• FII bought in Cash (Net buy 713.29 Crore)
• FII sold in index option but bought in index future, stock future (Net sell 438.43 Crore)
• DII sold in Cash (Net sell 690.02 Crore)
• Most Active Nifty Call Option: 6300 and 6400.
• Most Active Nifty Put Options: 6300 and 6200.
• Advance Decline for the day was 760:680.
• McClellan's oscillator for NSE at -17.

NIFTY TECHNICAL

Current Spot: 6320.90
Pivot: 6304
5DEMA: 6255
10DEMA: 6239
20DEMA: 6231
50DEMA: 6205
RSI (14 days): 59.64
Parabolic SAR: 6325
Supports: 6282 - 6244 - 6223
Resistance: 6342 - 6364 - 6402

Nifty Future VIX Range: 6269 - 6387
Nifty Future VWAP: 6307.59
MP Values Nifty Future: VAH - 6323, POC - 6305, VAL - 6287

TARGET NIFTY
Buy Nifty Future above 6336 - 6351 - 6375 - 6420 SL - 6305
Sell Nifty Future below 6302 - 6290 - 6260 - 6225 SL - 6323

BANKNIFTY TECHNICAL

Current Spot: 11125.40
Pivot: 11092
5DEMA: 11027
10DEMA: 11067
20DEMA: 11146
50DEMA: 11125
RSI (14 days): 49.06
Parabolic SAR: 11366
Supports: 11020 - 10914 - 10842
Resistance: 11198 - 11270 - 11376

Bank Nifty Future VIX Range: 10975 - 11312
Bank Nifty Future VWAP: 11109.82
MP Values Bank Nifty Future: VAH - 11190, POC - 11137, VAL - 11076

TARGET BANKNIFTY
Buy BankNifty Future above 11156 - 11225 - 11310 - 11425 SL - 11105
Sell BankNifty Future below 11095 - 11035 - 10925 - 10830 SL - 11137

INTRADAY TRADE
Reliance: Buy above 892 for targets of 897, 905 SL 885
Reliance: Sell below 881 for targets of 876, 868 SL 889
Aban: Buy above 435 for targets of 438, 445 SL 429
CenturyTex: Buy above 317 for targets of 320, 324 SL 313

SCORE SHEET
Idea: Buy above 168 for targets of 169.5, 172 SL 165: Target 170.20 done
Adanient: Buy above 245 for targets of 248, 254 SL 241: Target 251.90 done

POSITIONAL TRADE
Aiaeng: Buy above 511 for target of 528 SL 499 (2-3 Days)
Petronet: Buy above 119 for target of 128 SL 116 (1 Week)

Thanks and Regards

MarketPulse S&P