Market outlook for 20/01/2014

Nifty closed down 57.25 points (0.91%) at 6261.65 while Nifty Future closed at 6261.65.
Bank Nifty closed down 181.20 points (1.63%) at 10911.35 while Future closed at 10923.90, premium of 12.55 points.

• FII bought in Cash (Net buy 75.27 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 359.09 Crore)
• DII bought in Cash (Net buy 141.65 Crore)
• Most Active Nifty Call Option: 6300 and 6400.
• Most Active Nifty Put Options: 6300 and 6200.
• Advance Decline for the day was 367:1075.
• McClellan's oscillator for NSE at -47.

NIFTY TECHNICAL

Current Spot: 6261.65
Pivot: 6278
5DEMA: 6271
10DEMA: 6255
20DEMA: 6242
50DEMA: 6208
RSI (14 days): 53.09
Parabolic SAR: 6144
Supports: 6230 - 6198 - 6149
Resistance: 6310 - 6359 - 6391
Nifty Future VIX Range: 6215 - 6330
Nifty Future VWAP: 6287.56
MP Values Nifty Future: VAH - 6323, POC - 6294, VAL - 6265

TARGET NIFTY
Buy Nifty Future above 6287 - 6310 - 6350 - 6405 SL - 6265
Sell Nifty Future below 6252 - 6235 - 6200 - 6150 SL - 6286

BANKNIFTY TECHNICAL

Current Spot: 10911.35
Pivot: 10962
5DEMA: 11003
10DEMA: 11043
20DEMA: 11119
50DEMA: 11111
RSI (14 days): 42.78
Parabolic SAR: 11298
Supports: 10843 - 10774 - 10655
Resistance: 11031 - 11151 - 11219
Bank Nifty Future VIX Range: 10775 - 11099
Bank Nifty Future VWAP: 10999.45
MP Values Bank Nifty Future: VAH - 11059, POC - 10995, VAL - 10931

TARGET BANKNIFTY
Buy BankNifty Future above 10995 - 11045 - 11165 - 11245 SL - 10930
Sell BankNifty Future below 10909 - 10855 - 10785 - 10660 SL - 10985

INTRADAY TRADE
Reliance: Buy above 892 for targets of 897, 904 SL 885
Reliance: Sell below 880 for targets of 875, 868 SL 890
Rcom: Buy above 125.5 for targets of 127, 129 SL 124
Bhel: Buy above 172 for targets of 174, 177 SL 170

SCORE SHEET
Sasken: Buy above 194 for targets of 197, 202 SL 191: Target 198.40 done
Bharatforg: Buy above 350 for targets of 354, 360 SL 345: SL Hit

POSITIONAL TRADE
Petronet: Buy above 116 for target of 123 SL 114 (2-3 Days)
GmrInfra: Buy above 23 for target of 25 SL 22 (1 Week)

Thanks and Regards

MarketPulse S&P