Market outlook for 17/01/2014

Nifty closed down 2.00 points (0.03%) at 6318.90 while Nifty Future closed at 6329.85, premium of 10.95 points.
Bank Nifty closed down 32.85 points (0.30%) at 11092.55 while Future closed at 11110.35, premium of 17.80 points.

• FII bought in Cash (Net buy 479.28 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 686.77 Crore)
• DII sold in Cash (Net sell 791.75 Crore)
• Most Active Nifty Call Option: 6300 and 6400.
• Most Active Nifty Put Options: 6300 and 6200.
• Advance Decline for the day was 570:887.
• McClellan's oscillator for NSE at -26.

NIFTY TECHNICAL

Current Spot: 6318.90
Pivot: 6322
5DEMA: 6276
10DEMA: 6253
20DEMA: 6240
50DEMA: 6206
RSI (14 days): 59.55
Parabolic SAR: 6140
Supports: 6297 - 6275 - 6250
Resistance: 6344 - 6368 - 6390

Nifty Future VIX Range: 6274 - 6389
Nifty Future VWAP: 6327.09
MP Values Nifty Future: VAH - 6334, POC - 6323, VAL - 6312

TARGET NIFTY
Buy Nifty Future above 6335 - 6346 - 6361 - 6385 SL - 6312
Sell Nifty Future below 6311 - 6300 - 6285 - 6260 SL - 6334

BANKNIFTY TECHNICAL

Current Spot: 11092.55
Pivot: 11118
5DEMA: 11049
10DEMA: 11072
20DEMA: 11141
50DEMA: 11120
RSI (14 days): 48.14
Parabolic SAR: 11331
Supports: 11044 - 10996 - 10921
Resistance: 11167 - 11241 - 11290

Bank Nifty Future VIX Range: 10928 - 11254
Bank Nifty Future VWAP: 11129.80
MP Values Bank Nifty Future: VAH - 11148, POC - 11122, VAL - 11096

TARGET BANKNIFTY
Buy BankNifty Future above 11148 - 11185 - 11245 - 11300 SL - 11120
Sell BankNifty Future below 11094 - 11065 - 11010 - 10940 SL - 11135

INTRADAY TRADE
Reliance: Buy above 892 for targets of 896, 901 SL 885
Reliance: Sell below 882 for targets of 878, 872 SL 889
Sasken: Buy above 194 for targets of 197, 202 SL 191
Bharatforg: Buy above 350 for targets of 354, 360 SL 345

SCORE SHEET
Aban: Buy above 435 for targets of 438, 445 SL 429: Target 439.70 done
CenturyTex: Buy above 317 for targets of 320, 324 SL 313: Target 319.80 done

POSITIONAL TRADE
Naukri: Buy above 545 for target of 570 SL 534 (2-3 Days)
Marksans: Buy above 20 for target of 22 SL 19.4 (1 Week)

Thanks and Regards

MarketPulse S&P