Market outlook for 18/09/2013

Nifty closed up 9.65 points (0.17%) at 5850.20 while Nifty Future closed at 5880.50, premium of 30.30 points.
Bank Nifty closed down 88.80 points (0.86%) at 10279.60 while Future closed at 10331.95, a premium of 52.35 points.

• FII bought in Cash (Net buy 318.05 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 255.43 Crore)
• DII sold in Cash (Net sell 501.19 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 567:758.
• McClellan's oscillator for NSE at +49.

NIFTY TECHNICAL

Current Spot: 5850.20
Pivot: 5838
5DEMA: 5828
10DEMA: 5753
20DEMA: 5676
50DEMA: 5683
RSI (14 days): 59.74
Parabolic SAR: 5605
Supports: 5817 - 5785- 5765
Resistance: 5870 - 5891 - 5923

Nifty Future VIX Range: 5778 - 5988
Nifty Future VWAP: 5858.10
MP Values Nifty Future: VAH - 5870, POC - 5855, VAL - 5840

TARGET NIFTY
Buy Nifty Future above 5885 - 5905 - 5930 - 5970 SL - 5855
Sell Nifty Future below 5854 - 5840 - 5815 - 5775 SL - 5871

BANKNIFTY TECHNICAL

Current Spot: 10279.60
Pivot: 10279
5DEMA: 10200
10DEMA: 9976
20DEMA: 9808
50DEMA: 10127
RSI (14 days): 58.07
Parabolic SAR: 9157
Supports: 10224 - 10169 - 10114
Resistance: 10335 - 10390 - 10445

Bank Nifty Future VIX Range: 10042 - 10638
Bank Nifty Future VWAP: 10302.03
MP Values Bank Nifty Future: VAH - 10320, POC - 10292, VAL - 10264

TARGET BANKNIFTY
Buy BankNifty Future above 10340 - 10400 - 10490 - 10600 SL - 10292
Sell BankNifty Future below 10290 - 10240 - 10150 - 10040 SL - 10321

INTRADAY TRADE
Reliance: Buy above 863 for targets of 868, 875 SL 856
Reliance: Sell below 854 for targets of 849, 842 SL 860
Raymond: Buy above 236 for targets of 239, 245 SL 229
YesBank: Buy above 302 for targets of 305, 310 SL 298

SCORE SHEET
Jswsteel: Buy above 657 for targets of 665, 678 SL 650: Target 667.90 done
Bpcl: Buy above 320 for targets of 323, 329 SL 315: SL Hit

POSITIONAL TRADE
Wipro: Buy above 477 for target of 495 SL 468 (2-3 Days)
Indianb: Buy above 74.5 for target of 82 SL 72.80 (1 Week)

Thanks and Regards

MarketPulse S&P