Market outlook for 15/01/2013

Nifty closed up 72.75 points (1.22%) at 6024.05 while Nifty Future closed at 6057.50, premium of 33.45 points.
Bank Nifty closed up 140.90 points (1.12%) at 12758.75 while Future closed at 12845.50, premium of 86.75 points.

• FII bought in Cash (Net buy 611.10 Crore)
• FII sold in index future, index option, stock option but bought in stock future (Net sell 57.31 Crore)
• DII sold in Cash (Net sell 1210.55 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 910:593.

NIFTY TECHNICAL

Current Spot: 6024.05
Pivot: 6008
5DEMA: 5988
10DEMA: 5974
20DEMA: 5942
50DEMA: 5860
RSI (14 days): 64.21
Parabolic SAR: 5935
Supports: 5979 - 5933 - 5904
Resistance: 6053 - 6082 - 6128

Nifty Future VIX Range: 6015 - 6100
Nifty Future VWAP: 6029.06
MP Values Nifty Future: VAH - 6051, POC - 6024, VAL - 5997

TARGET NIFTY
Buy Nifty Future above 6060 - 6075 - 6095 - 6125 SL - 6024
Sell Nifty Future below 6020 - 6005 - 5985 - 5955 SL - 6051

BANKNIFTY TECHNICAL

Current Spot: 12758.75
Pivot: 12714
5DEMA: 12721
10DEMA: 12687
20DEMA: 12573
50DEMA: 12239
RSI (14 days): 63.61
Parabolic SAR: 12488
Supports: 12655 - 12551 - 12491
Resistance: 12818 - 12877 - 12982

Bank Nifty Future VIX Range: 12728 - 12963
Bank Nifty Future VWAP: 12798.61
MP Values Bank Nifty Future: VAH - 12857, POC - 12830, VAL - 12746

TARGET BANKNIFTY
Buy BankNifty Future above 12857 - 12905 - 12970 - 13090 SL - 12805
Sell BankNifty Future below 12746 - 12700 - 12615 - 12540 SL - 12805

INTRADAY TRADE
Reliance Industries: Buy above 850 for targets of 856, 866 SL 844
Reliance Industries: Sell below 842 for targets of 835, 828 SL 849
KtkBank: Buy above 173.5 for targets of 175, 179 SL 170
Dlf: Buy above 248 for targets of 251, 258 SL 244

SCORE SHEET
Bajajcorp: Buy above 257 for targets of 260, 265 SL 253: Target 263.75 done
Gitanjali: Buy above 590 for targets of 596, 605 SL 582: Target 605.80 done

POSITIONAL TRADE
Pcjweller: Buy above 173 for target of 184 SL 167 (2-3 Days)
Unitech: Buy above 40.2 for target of 44 SL 39 (1 Week)

Thanks and Regards

S&P Wealth Creators