Market outlook for 26/09/2013

Nifty closed down 18.60 points (0.32%) at 5873.85 while Nifty Future closed at 5889.00, premium of 15.15 points.
Bank Nifty closed down 94.20 points (0.93%) at 10081.70 while Future closed at 10102.40, premium of 20.70 points.

• FII bought in Cash (Net buy 382.45 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 250.46 Crore)
• DII sold in Cash (Net sell 473.28 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 554:734.
• McClellan's oscillator for NSE at +8.

NIFTY TECHNICAL

Current Spot: 5873.85
Pivot: 5865
5DEMA: 5907
10DEMA: 5877
20DEMA: 5794
50DEMA: 5722
RSI (14 days): 55.87
Parabolic SAR: 6136
Supports: 5820 - 5766- 5720
Resistance: 5919 - 5965 - 6019

Nifty Future VIX Range: 5783 - 5995
Nifty Future VWAP: 5868.28
MP Values Nifty Future: VAH - 5882, POC - 5840, VAL - 5824

TARGET NIFTY
Buy Nifty Future above 5893 - 5924 - 5960 - 6015 SL - 5875
Sell Nifty Future below 5869 - 5840 - 5810 - 5765 SL - 5883

BANKNIFTY TECHNICAL

Current Spot: 10081.70
Pivot: 10078
5DEMA: 10278
10DEMA: 10251
20DEMA: 10081
50DEMA: 10140
RSI (14 days): 50.70
Parabolic SAR: 11219
Supports: 9923 - 9765 - 9611
Resistance: 10236 - 10391 - 10549

Bank Nifty Future VIX Range: 9789 - 10430
Bank Nifty Future VWAP: 10066.41
MP Values Bank Nifty Future: VAH - 10111, POC - 10038, VAL - 9965

TARGET BANKNIFTY
Buy BankNifty Future above 10125 - 10220 - 10380 - 10550 SL - 10109
Sell BankNifty Future below 10087 - 10000 - 9860 - 9700 SL - 10123

INTRADAY TRADE
Reliance: Buy above 860 for targets of 866, 880 SL 853
Reliance: Sell below 849 for targets of 843, 830 SL 858
Niittech: Buy above 289 for targets of 292, 297 SL 284
Rcom: Buy above 161.5 for targets of 163, 166 SL 158

SCORE SHEET
Bergepaint: Buy above 233 for targets of 235, 240 SL 231: Target 235.70 done
Jublfood: Buy above 1160 for targets of 1170, 1189 SL 1145: Target 1174.85 done

POSITIONAL TRADE
Bhel: Buy above 144 for target of 153 SL 139 (2-3 Days)
Hdil: Buy above 40 for target of 43 SL 38.8 (1 Week)

Thanks and Regards

MarketPulse S&P