Market outlook for 10/09/2013

Nifty closed up 87.45 points (1.56%) at 5680.40 while Nifty Future closed at 5697.80, premium of 17.40 points.
Bank Nifty closed up 279.00 points (2.88%) at 9961.40 while Future closed at 9982.90, a premium of 21.50 points.

• FII bought in Cash (Net buy 800.71 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 1255.56 Crore)
• DII sold in Cash (Net sell 238.53 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5500 and 5400.
• Advance Decline for the day was 768:556.
• McClellan's oscillator for NSE at +63.

NIFTY TECHNICAL

Current Spot: 5680.40
Pivot: 5645
5DEMA: 5549
10DEMA: 5503
20DEMA: 5522
50DEMA: 5635
RSI (14 days): 55.48
Parabolic SAR: 5197
Supports: 5602 - 5523- 5479
Resistance: 5724 - 5768 - 5846

Nifty Future VIX Range: 5587 - 5803
Nifty Future VWAP: 5660.28
MP Values Nifty Future: VAH - 5706, POC - 5676, VAL - 5634

TARGET NIFTY
Buy Nifty Future above 5706 - 5735 - 5775 - 5835 SL - 5659
Sell Nifty Future below 5654 - 5620 - 5580 - 5520 SL - 5677

BANKNIFTY TECHNICAL

Current Spot: 9961.40
Pivot: 9840
5DEMA: 9428
10DEMA: 9300
20DEMA: 9435
50DEMA: 10099
RSI (14 days): 55.63
Parabolic SAR: 8399
Supports: 9690 - 9419 - 9269
Resistance: 10111 - 10261 - 10533

Bank Nifty Future VIX Range: 9660 - 10318
Bank Nifty Future VWAP: 9819.47
MP Values Bank Nifty Future: VAH - 9984, POC - 9857, VAL - 9730

TARGET BANKNIFTY
Buy BankNifty Future above 9990 - 10110 - 10250 - 10410 SL - 9857
Sell BankNifty Future below 9852 - 9735 - 9600 - 9440 SL - 9872

INTRADAY TRADE
Reliance: Buy above 870 for targets of 878, 890 SL 859
Reliance: Sell below 857 for targets of 851, 835 SL 864
LT: Buy above 755 for targets of 763, 773 SL 747
Hdfc: Buy above 763 for targets of 770, 780 SL 754

SCORE SHEET
Lichsgfin: Buy above 168 for targets of 170, 173 SL 165.5: Target 175.00 done
CoalIndia: Buy above 287 for targets of 290, 297 SL 283: Call not active

POSITIONAL TRADE
Ongc: Buy above 290 for target of 305 SL 283 (2-3 Days)
StcIndia: Buy above 151 for target of 162 SL 149 (1 Week)

Thanks and Regards

MarketPulse S&P