Market outlook for 17/09/2013

Nifty closed down 10.05 points (0.17%) at 5840.55 while Nifty Future closed at 5862.25, premium of 21.70 points.
Bank Nifty closed up 187.95 points (1.85%) at 10368.40 while Future closed at 10388.70, a premium of 20.30 points.

• FII bought in Cash (Net buy 282.87 Crore)
• FII sold in index future, index option and in stock future (Net sell 484.21 Crore)
• DII sold in Cash (Net sell 425.17 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 532:797.
• McClellan's oscillator for NSE at +62.

NIFTY TECHNICAL

Current Spot: 5840.55
Pivot: 5865
5DEMA: 5817
10DEMA: 5731
20DEMA: 5658
50DEMA: 5677
RSI (14 days): 59.36
Parabolic SAR: 5538
Supports: 5773 - 5706- 5614
Resistance: 5932 - 6024 - 6092

Nifty Future VIX Range: 5752 - 5968
Nifty Future VWAP: 5896.33
MP Values Nifty Future: VAH - 5915, POC - 5869, VAL - 5823

TARGET NIFTY
Buy Nifty Future above 5906 - 5945 - 6000 - 6080 SL - 5869
Sell Nifty Future below 5853 - 5823 - 5780 - 5700 SL - 5905

BANKNIFTY TECHNICAL

Current Spot: 10368.40
Pivot: 10360
5DEMA: 10160
10DEMA: 9909
20DEMA: 9758
50DEMA: 10121
RSI (14 days): 59.89
Parabolic SAR: 9004
Supports: 10183 - 9998 - 9822
Resistance: 10545 - 10722 - 10907

Bank Nifty Future VIX Range: 10081 - 10699
Bank Nifty Future VWAP: 10404.67
MP Values Bank Nifty Future: VAH - 10463, POC - 10338, VAL - 10213

TARGET BANKNIFTY
Buy BankNifty Future above 10396 - 10500 - 10640 - 10800 SL - 10373
Sell BankNifty Future below 10363 - 10260 - 10120 - 9960 SL - 10393

INTRADAY TRADE
Reliance: Buy above 872 for targets of 879, 892 SL 866
Reliance: Sell below 858 for targets of 851, 846 SL 870
Jswsteel: Buy above 657 for targets of 665, 678 SL 650
Bpcl: Buy above 320 for targets of 323, 329 SL 315

SCORE SHEET
Bhel: Buy above 143 for targets of 145, 148 SL 140: Call not active
Dlf: Buy above 157 for targets of 159, 162 SL 153.50: Target 162.30 done

POSITIONAL TRADE
Cmahendra: Buy above 199 for target of 207 SL 196 (2-3 Days)
Indianb: Buy above 75.5 for target of 83 SL 74 (1 Week)

Thanks and Regards

MarketPulse S&P