Tuesday, September 24, 2013

Market outlook for 25/09/2013

Nifty closed up 2.70 points (0.05%) at 5892.45 while Nifty Future closed at 5914.35, premium of 21.90 points.
Bank Nifty closed down 35.80 points (0.35%) at 10175.90 while Future closed at 10203.40, premium of 27.50 points.
  • FII sold in Cash (Net sell 21.09 Crore)
  • FII sold in index option, stock future but bought in index future (Net sell 583.74 Crore)
  • DII sold in Cash (Net sell 493.74 Crore)
  • Most Active Nifty Call Option: 5900 and 6000.
  • Most Active Nifty Put Options: 5900 and 5800.
  • Advance Decline for the day was 590:691.
  • McClellan's oscillator for NSE at +15.
NIFTY TECHNICAL
Current Spot: 5892.45
Pivot: 5895
5DEMA: 5924
10DEMA: 5878
20DEMA: 5786
50DEMA: 5715
RSI (14 days): 56.86
Parabolic SAR: 6143
Supports: 5852 - 5811- 5768
Resistance: 5936 - 5979 - 6020
Nifty Future VIX Range: 5808 - 6026
Nifty Future VWAP: 5923.55
MP Values Nifty Future: VAH - 5954, POC - 5933, VAL - 5912

TARGET NIFTY
Buy Nifty Future above 5933 - 5954 - 5990 - 6035 SL - 5912
Sell Nifty Future below 5905 - 5885 - 5850 - 5805 SL - 5921

BANKNIFTY TECHNICAL
Current Spot: 10175.90
Pivot: 10171
5DEMA: 10377
10DEMA: 10289
20DEMA: 10081
50DEMA: 10142
RSI (14 days): 52.13
Parabolic SAR: 10039
Supports: 10052 - 9928 - 9809
Resistance: 10295 - 10414 - 10538
Bank Nifty Future VIX Range: 9869 - 10535
Bank Nifty Future VWAP: 10221.94
MP Values Bank Nifty Future: VAH - 10287, POC - 10240, VAL - 10193

TARGET BANKNIFTY
Buy BankNifty Future above 10212 - 10300 - 10420 - 10550 SL - 10185
Sell BankNifty Future below 10174 - 10090 - 9970 - 9820 SL - 10205

INTRADAY TRADE
Reliance: Buy above 880 for targets of 886, 895 SL 873
Reliance: Sell below 870 for targets of 864, 855 SL 878
Bergepaint: Buy above 233 for targets of 235, 240 SL 231
Jublfood: Buy above 1160 for targets of 1170, 1189 SL 1145

SCORE SHEET
Oil: Buy above 483 for targets of 487, 496 SL 476: Call not active
SesaGoa: Buy above 185 for targets of 187, 190 SL 182: Call not active

POSITIONAL TRADE
Zeel: Buy above 229 for target of 235 SL 226 (2-3 Days)
Ifci: Buy above 23.4 for target of 25 SL 22.8 (1 Week)

Thanks and Regards

MarketPulse S&P

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