Market outlook for 24/09/2013

Nifty closed down 122.35 points (2.04%) at 5889.75 while Nifty Future closed at 5914.40, premium of 24.65 points.
Bank Nifty closed down 475.10 points (4.45%) at 10211.70 while Future closed at 10244.45, premium of 32.75 points.

• FII sold in Cash (Net sell 80.57 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 748.57 Crore)
• DII sold in Cash (Net sell 745.88 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 479:849.
• McClellan's oscillator for NSE at +20.

NIFTY TECHNICAL

Current Spot: 5889.75
Pivot: 5917
5DEMA: 5939
10DEMA: 5875
20DEMA: 5775
50DEMA: 5707
RSI (14 days): 56.76
Parabolic SAR: 5871
Supports: 5844 - 5799- 5726
Resistance: 5962 - 6035 - 6080

Nifty Future VIX Range: 5799 - 6025
Nifty Future VWAP: 5936.96
MP Values Nifty Future: VAH - 5957, POC - 5923, VAL - 5891

TARGET NIFTY
Buy Nifty Future above 5942 - 5975 - 6025 - 6090 SL - 5923
Sell Nifty Future below 5906 - 5870 - 5820 - 5750 SL - 5941

BANKNIFTY TECHNICAL

Current Spot: 10211.70
Pivot: 10300
5DEMA: 10477
10DEMA: 10314
20DEMA: 10071
50DEMA: 10140
RSI (14 days): 52.66
Parabolic SAR: 9878
Supports: 10090 - 9968 - 9758
Resistance: 10422 - 10631 - 10753

Bank Nifty Future VIX Range: 9891 - 10579
Bank Nifty Future VWAP: 10325.91
MP Values Bank Nifty Future: VAH - 10420, POC - 10299, VAL - 10207

TARGET BANKNIFTY
Buy BankNifty Future above 10341 - 10440 - 10550 - 10700 SL - 10299
Sell BankNifty Future below 10229 - 10130 - 10020 - 9850 SL - 10338

INTRADAY TRADE
Reliance: Buy above 877 for targets of 882, 890 SL 871
Reliance: Sell below 869 for targets of 864, 856 SL 876
Oil: Buy above 483 for targets of 487, 496 SL 476
SesaGoa: Buy above 185 for targets of 187, 190 SL 182

SCORE SHEET
Gail: Buy above 342 for targets of 345, 352 SL 336: Call not active
AsianPaint: Buy above 490 for targets of 495, 503 SL 483: Target 494.95 done

POSITIONAL TRADE
Essdee: Buy above 593 for target of 610 SL 585 (2-3 Days)
Vipind: Buy above 51.2 for target of 54 SL 50 (1 Week)

Thanks and Regards

MarketPulse S&P