Market outlook for 27/09/2013

Nifty closed up 8.40 points (0.14%) at 5882.25 while Nifty Future closed at 5947.30, premium of 65.05 points.
Bank Nifty closed up 16.55 points (0.16%) at 10098.25 while Future closed at 10212.85, premium of 114.60 points.

• FII bought in Cash (Net buy 172.15 Crore)
• FII bought in index future but sold in index option, stock future (Net buy 838.66 Crore)
• DII sold in Cash (Net sell 362.11 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 685:588.
• McClellan's oscillator for NSE at +13.

NIFTY TECHNICAL

Current Spot: 5882.25
Pivot: 5888
5DEMA: 5899
10DEMA: 5878
20DEMA: 5803
50DEMA: 5727
RSI (14 days): 56.30
Parabolic SAR: 6123
Supports: 5858 - 5834- 5805
Resistance: 5912 - 5942 - 5965

Nifty Future VIX Range: 5842 - 6048
Nifty Future VWAP: 5949.55
MP Values Nifty Future: VAH - 5961, POC - 5946, VAL - 5931

TARGET NIFTY
Buy Nifty Future above 5961 - 5985 - 6020 - 6060 SL - 5945
Sell Nifty Future below 5931 - 5905 - 5870 - 5830 SL - 5947

BANKNIFTY TECHNICAL

Current Spot: 10098.25
Pivot: 10113
5DEMA: 10218
10DEMA: 10224
20DEMA: 10082
50DEMA: 10129
RSI (14 days): 51.02
Parabolic SAR: 11193
Supports: 10037 - 9975 - 9898
Resistance: 10175 - 10251 - 10313

Bank Nifty Future VIX Range: 9858 - 10484
Bank Nifty Future VWAP: 10224.41
MP Values Bank Nifty Future: VAH - 10255, POC - 10224, VAL - 10193

TARGET BANKNIFTY
Buy BankNifty Future above 10255 - 10320 - 10410 - 10550 SL - 10219
Sell BankNifty Future below 10193 - 10130 - 10040 - 9900 SL - 10229

INTRADAY TRADE
Reliance: Buy above 845 for targets of 851, 860 SL 838
Reliance: Sell below 835 for targets of 829, 820 SL 843
Wipro: Buy above 480 for targets of 484, 490 SL 474
Tatacomm: Buy above 188 for targets of 190, 193 SL 185

SCORE SHEET
Niittech: Buy above 289 for targets of 292, 297 SL 284: Target 293.85 done
Rcom: Buy above 161.5 for targets of 163, 166 SL 158: Call not active

POSITIONAL TRADE
Nmdc: Buy above 127.2 for target of 131 SL 125 (2-3 Days)
Ifci: Buy above 23.1 for target of 25 SL 21.9 (1 Week)

Thanks and Regards

MarketPulse S&P