Market outlook for 17/12/2013

Nifty closed down 13.70 points (0.22%) at 6154.70 while Nifty Future closed at 6179.70, premium of 25.00 points.
Bank Nifty closed up 6.05 points (0.05%) at 11372.95 while Future closed at 11420.20, premium of 47.25 points.

• FII bought in Cash (Net buy 159.55 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 979.72 Crore)
• DII sold in Cash (Net sell 129.50 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 557:757.
• McClellan's oscillator for NSE at -52.

NIFTY TECHNICAL

Current Spot: 6154.70
Pivot: 6161
5DEMA: 6211
10DEMA: 6217
20DEMA: 6195
50DEMA: 6128
RSI (14 days): 48.21
Parabolic SAR: 6124
Supports: 6139 - 6124 - 6102
Resistance: 6177 - 6199 - 6214

Nifty Future VIX Range: 6111 - 6242
Nifty Future VWAP: 6185.52
MP Values Nifty Future: VAH - 6194, POC - 6187, VAL - 6180

TARGET NIFTY
Buy Nifty Future above 6194 - 6205 - 6230 - 6260 SL - 6179
Sell Nifty Future below 6170 - 6160 - 6135 - 6105 SL - 6188

BANKNIFTY TECHNICAL

Current Spot: 11372.95
Pivot: 11375
5DEMA: 11519
10DEMA: 11501
20DEMA: 11360
50DEMA: 11064
RSI (14 days): 52.19
Parabolic SAR: 12208
Supports: 11308 - 11243 - 11177
Resistance: 11439 - 11506 - 11570

Bank Nifty Future VIX Range: 11193 - 11642
Bank Nifty Future VWAP: 11433.06
MP Values Bank Nifty Future: VAH - 11465, POC - 11440, VAL - 11415

TARGET BANKNIFTY
Buy BankNifty Future above 11441 - 11475 - 11540 - 11600 SL - 11415
Sell BankNifty Future below 11403 - 11365 - 11305 - 11245 SL - 11440

INTRADAY TRADE
Reliance: Buy above 854 for targets of 857, 865 SL 848
Reliance: Sell below 841 for targets of 838, 830 SL 852
TataElxsi: Buy above 350 for targets of 354, 361 SL 345
Pfc: Buy above 153 for targets of 155, 158 SL 151

SCORE SHEET
CoalIndia: Buy above 284 for targets of 286, 290 SL 281: Target 290.35 done
TataSteel: Buy above 416 for targets of 419, 424 SL 412: Target 420.20 done

POSITIONAL TRADE
Adanient: Buy above 260 for target of 272 SL 255 (2-3 Days)
Electcast: Buy above 15 for target of 17 SL 14.6 (1 Week)

Thanks and Regards

MarketPulse S&P