Tuesday, January 1, 2013

Market outlook for 02/01/2013

Nifty closed up 45.75 points (0.77%) at 5950.85 while Nifty Future closed at 6007.50, premium of 56.65 points.
Bank Nifty closed up 179.90 points (1.44%) at 12654.15 while Future closed at 12767.35, premium of 113.20 points.
  • FII bought in Cash (Net buy 665.05 Crore)
  • FII bought in index option but sold in index future, stock future (Net buy 563.33 Crore)
  • DII sold in Cash (Net sell 406.14 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 5900 and 5800.
  • Advance Decline for the day was 1103:408.
NIFTY TECHNICAL
Current Spot: 5950.85
Pivot: 5950
5DEMA: 5913
10DEMA: 5899
20DEMA: 5872
50DEMA: 5806
RSI (14 days): 62.62
Parabolic SAR: 5823
Supports: 5936 - 5921 - 5907
Resistance: 5965 - 5979 - 5993
Nifty Future VIX Range: 5962 - 6053
Nifty Future VWAP: 6001.18
MP Values Nifty Future: VAH - 6016, POC - 6006, VAL - 5984

TARGET NIFTY
Buy Nifty Future above 6016 - 6030 - 6050 - 6080 SL - 5993
Sell Nifty Future below 5984 - 5970 - 5950 - 5920 SL - 6007

BANKNIFTY TECHNICAL
Current Spot: 12654.15
Pivot: 12622
5DEMA: 12518
10DEMA: 12461
20DEMA: 12332
50DEMA: 12019
RSI (14 days): 70.82
Parabolic SAR: 12266
Supports: 12580 - 12505 - 12463
Resistance: 12696 - 12738 - 12812
Bank Nifty Future VIX Range: 12644 - 12891
Bank Nifty Future VWAP: 12771.90
MP Values Bank Nifty Future: VAH - 12775, POC - 12753, VAL - 12683

TARGET BANKNIFTY
Buy BankNifty Future above 12776 - 12810 - 12860 - 12950 SL - 12717
Sell BankNifty Future below 12705 - 12680 - 12590 - 12540 SL - 12753

INTRADAY TRADE
Reliance Industries: Buy above 845 for targets of 848, 853 SL 840
Reliance Industries: Sell below 836 for targets of 833, 828 SL 844
IndianB: Buy above 211 for targets of 213, 217 SL 207
Jetairways: Buy above 580 for targets of 586, 596 SL 572

SCORE SHEET
Dlf: Buy above 231 for targets of 233, 236 SL 229: Target 236.00 achieved
Gitanjali: Buy above 535 for targets of 540, 550 SL 528: Target 546.80 achieved

POSITIONAL TRADE
Pcjeweller: Buy above 166 for target of 178 SL 161 (2-3 Days)
Gichsgfin: Buy above 133 for target of 145 SL 130 (1 Week)

Thanks and Regards

S&P Wealth Creators

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