Market outlook for 23/09/2013

Nifty closed down 103.45 points (1.69%) at 6012.10 while Nifty Future closed at 6037.50, premium of 25.40 points.
Bank Nifty closed down 461.85 points (4.14%) at 10686.80 while Future closed at 10722.30, premium of 35.50 points.

• FII bought in Cash (Net buy 945.76 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1655.27 Crore)
• DII sold in Cash (Net sell 790.22 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 432:887.
• McClellan's oscillator for NSE at +37.

NIFTY TECHNICAL

Current Spot: 6012.10
Pivot: 6025
5DEMA: 5964
10DEMA: 5872
20DEMA: 5763
50DEMA: 5706
RSI (14 days): 63.08
Parabolic SAR: 5811
Supports: 5920 - 5827- 5722
Resistance: 6118 - 6223 - 6316

Nifty Future VIX Range: 5933 - 6162
Nifty Future VWAP: 6025.29
MP Values Nifty Future: VAH - 6061, POC - 6003, VAL - 5952

TARGET NIFTY
Buy Nifty Future above 6061 - 6100 - 6155 - 6240 SL - 6029
Sell Nifty Future below 6028 - 5990 - 5945 - 5880 SL - 6052

BANKNIFTY TECHNICAL

Current Spot: 10686.80
Pivot: 10762
5DEMA: 10610
10DEMA: 10337
20DEMA: 10056
50DEMA: 10154
RSI (14 days): 60.09
Parabolic SAR: 9695
Supports: 10335 - 9983 - 9557
Resistance: 11113 - 11540 - 11892

Bank Nifty Future VIX Range: 10364 - 11066
Bank Nifty Future VWAP: 10726.17
MP Values Bank Nifty Future: VAH - 10881, POC - 10633, VAL - 10445

TARGET BANKNIFTY
Buy BankNifty Future above 10811 - 10940 - 11150 - 11390 SL - 10721
Sell BankNifty Future below 10706 - 10585 - 10450 - 10160 SL - 10805

INTRADAY TRADE
Reliance: Buy above 889 for targets of 896, 910 SL 882
Reliance: Sell below 877 for targets of 870, 856 SL 887
Gail: Buy above 342 for targets of 345, 352 SL 336
AsianPaint: Buy above 490 for targets of 495, 503 SL 483

SCORE SHEET
Adanient: Buy above 150 for targets of 152, 156 SL 146: Target 156.40 done
Rcom: Buy above 163 for targets of 166, 172 SL 158: Target 164.65 done

POSITIONAL TRADE
Jkcement: Buy above 194 for target of 200 SL 191 (2-3 Days)
Apollotyre: Buy above 73 for target of 80 SL 71 (1 Week)

Thanks and Regards

MarketPulse S&P