Market outlook for 19/09/2013

Nifty closed up 49.25 points (0.84%) at 5899.45 while Nifty Future closed at 5931.45, premium of 32.00 points.
Bank Nifty closed up 168.25 points (1.64%) at 10447.85 while Future closed at 10499.60, a premium of 51.75 points.

• FII bought in Cash (Net buy 580.13 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 1619.41 Crore)
• DII sold in Cash (Net sell 508.41 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 683:634.
• McClellan's oscillator for NSE at +47.

NIFTY TECHNICAL

Current Spot: 5899.45
Pivot: 5886
5DEMA: 5852
10DEMA: 5780
20DEMA: 5697
50DEMA: 5689
RSI (14 days): 61.78
Parabolic SAR: 5661
Supports: 5854 - 5809- 5777
Resistance: 5931 - 5962 - 6008

Nifty Future VIX Range: 5837 - 6045
Nifty Future VWAP: 5899.84
MP Values Nifty Future: VAH - 5914, POC - 5883, VAL - 5867

TARGET NIFTY
Buy Nifty Future above 5936 - 5960 - 5990 - 6030 SL - 5911
Sell Nifty Future below 5904 - 5885 - 5855 - 5815 SL - 5921

BANKNIFTY TECHNICAL

Current Spot: 10447.85
Pivot: 10390
5DEMA: 10283
10DEMA: 10062
20DEMA: 9869
50DEMA: 10128
RSI (14 days): 60.58
Parabolic SAR: 9295
Supports: 10299 - 10151 - 10060
Resistance: 10539 - 10630 - 10778

Bank Nifty Future VIX Range: 10228 - 10823
Bank Nifty Future VWAP: 10403.36
MP Values Bank Nifty Future: VAH - 10491, POC - 10410, VAL - 10329

TARGET BANKNIFTY
Buy BankNifty Future above 10507 - 10590 - 10690 - 10820 SL - 10435
Sell BankNifty Future below 10424 - 10350 - 10250 - 10120 SL - 10491

INTRADAY TRADE
Reliance: Buy above 874 for targets of 880, 892 SL 866
Reliance: Sell below 864 for targets of 858, 847 SL 870
YesBank: Buy above 318 for targets of 321, 326 SL 313
Lichsgfin: Buy above 191 for targets of 193, 197 SL 188

SCORE SHEET
Raymond: Buy above 236 for targets of 239, 245 SL 229: SL Hit
YesBank: Buy above 302 for targets of 305, 310 SL 298: Target 319.40 done

POSITIONAL TRADE
Dlf: Buy above 161 for target of 168 SL 158 (2-3 Days)
DishTv: Buy above 47.5 for target of 50 SL 46.8 (1 Week)

Thanks and Regards

MarketPulse S&P