Market outlook for 15/10/10

Nifty closed down 56.55 points (0.91%) at 6177.35 whilst Nifty October Future closed at 6197.50 premium of 20.15 points.
Bank Nifty closed down 146.15 points (1.15%) at 12513.00 whilst October Future closed at 12647.20 premium of 48.35 points.

• FII bought in Cash (Net buy 1019.90 Crore)
• FII bought in index option but sold in stock future and index future (Net buy 404.31 Crore)
• DII sold in Cash (Net sell 694.27 Crore)
• US market is trading flat to negative.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty October Call Option: 6200 and 6300.
• Most Active Nifty October Put Options: 6200 and 6100.
• Advance Decline for the day was 435:933

NIFTY TECHNICAL

Current Spot: 6177.35
Pivot: 6206
5DEMA: 6162
10DEMA: 6130
20DEMA: 6044
50DEMA: 5830
RSI (7 days): 60.87
Parabolic SAR: 6071
Supports: 6129 - 6080
Resistance: 6255 - 6333

Nifty Future VWAP: 6247.54
Bank Nifty Future VWAP: 12727.78
MP Values Spot: VAH - 6271, POC - 6229, VAL - 6188
MP Values Futures: VAH - 6286 POC - 6271, VAL - 6228
MP Values Bank Nifty Futures: VAH - 12782, POC - 12645, VAL - 12630

TARGET NIFTY
Buy Nifty Future above 6237 - 6280 - 6366 - 6417 SL - 6229
Sell Nifty Future below 6188 - 6150 - 6098 - 6013 SL - 6235

INTRADAY TRADE
Reliance Industries: Buy above 1070 for targets of 1073, 1084, 1096 SL 1062
Reliance Industries: Sell below 1054 for targets of 1051, 1044, 1034 SL 1068
AmtekAuto: Buy above 162.3 for targets of 165, 168 SL 159.5
Indiaglyco: Buy above 171 for targets of 174, 178 SL 166

SCORE SHEET
IDBI: Buy above 163 for targets of 165, 167 SL 160: Target 164.5 achieved
Sreinfra: Buy above 111 for targets of 113, 115 SL 108: Call not activated

POSITIONAL TRADE
Finantech: Buy above 1163 for target of 1207 SL 1148 (Two Weeks)
Cosmofilms: Buy above 180 for target of 200 SL 176 (One Week)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators