Thursday, September 19, 2013

Market outlook for 20/09/2013

Nifty closed up 216.10 points (3.66%) at 6115.55 while Nifty Future closed at 6145.75, premium of 30.20 points.
Bank Nifty closed up 700.80 points (6.71%) at 11148.65 while Future closed at 11214.10, a premium of 65.45 points.
  • FII bought huge in Cash (Net buy 3543.84 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 3117.79 Crore)
  • DII sold in Cash (Net sell 1829.72 Crore)
  • Most Active Nifty Call Option: 6100 and 6200.
  • Most Active Nifty Put Options: 6100 and 6000.
  • Advance Decline for the day was 911:434.
  • McClellan's oscillator for NSE at +60.
NIFTY TECHNICAL
Current Spot: 6115.55
Pivot: 6099
5DEMA: 5940
10DEMA: 5841
20DEMA: 5737
50DEMA: 5706
RSI (14 days): 68.98
Parabolic SAR: 5738
Supports: 6056 - 5997- 5954
Resistance: 6159 - 6202 - 6261
Nifty Future VIX Range: 6026 - 6260
Nifty Future VWAP: 6119.16
MP Values Nifty Future: VAH - 6143, POC - 6114, VAL - 6085

TARGET NIFTY
Buy Nifty Future above 6149 - 6180 - 6220 - 6270 SL - 6128
Sell Nifty Future below 6122 - 6090 - 6050 - 6000 SL - 6143

BANKNIFTY TECHNICAL
Current Spot: 11148.65
Pivot: 11118
5DEMA: 10571
10DEMA: 10259
20DEMA: 9991
50DEMA: 10170
RSI (14 days): 68.74
Parabolic SAR: 9488
Supports: 11016 - 10883 - 10781
Resistance: 11251 - 11352 - 11486
Bank Nifty Future VIX Range: 10845 - 11558
Bank Nifty Future VWAP: 11189.14
MP Values Bank Nifty Future: VAH - 11239, POC - 11172, VAL - 11105

TARGET BANKNIFTY
Buy BankNifty Future above 11239 - 11340 - 11450 - 11600 SL - 11171
Sell BankNifty Future below 11154 - 11055 - 10950 - 10800 SL - 11173

INTRADAY TRADE
Reliance: Buy above 893 for targets of 900, 911 SL 886
Reliance: Sell below 885 for targets of 878, 869 SL 891
Adanient: Buy above 150 for targets of 152, 156 SL 146
Rcom: Buy above 163 for targets of 166, 172 SL 158

SCORE SHEET
YesBank: Buy above 318 for targets of 321, 326 SL 313: Open above Target
Lichsgfin: Buy above 191 for targets of 193, 197 SL 188: Open above Target

POSITIONAL TRADE
Pfc: Buy above 136.5 for target of 141 SL 134 (2-3 Days)
Idfc: Buy above 103 for target of 110 SL 101 (1 Week)

Thanks and Regards

MarketPulse S&P

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