Market outlook for 30/09/2013

Nifty closed down 49.05 points (0.83%) at 5833.20 while Nifty Future closed at 5888.15, premium of 54.95 points.
Bank Nifty closed down 198.50 points (1.97%) at 9899.75 while Future closed at 9993.25, premium of 93.50 points.

• FII sold in Cash (Net sell 244.95 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 226.74 Crore)
• DII sold in Cash (Net sell 115.27 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 596:712.
• McClellan's oscillator for NSE at +8.

NIFTY TECHNICAL

Current Spot: 5833.20
Pivot: 5854
5DEMA: 5877
10DEMA: 5870
20DEMA: 5806
50DEMA: 5739
RSI (14 days): 53.37
Parabolic SAR: 6110
Supports: 5799 - 5764- 5709
Resistance: 5889 - 5944 - 5978

Nifty Future VIX Range: 5789 - 5987
Nifty Future VWAP: 5912.96
MP Values Nifty Future: VAH - 5935, POC - 5914, VAL - 5893

TARGET NIFTY
Buy Nifty Future above 5915 - 5937 - 5985 - 6020 SL - 5893
Sell Nifty Future below 5879 - 5858 - 5830 - 5775 SL - 5914

BANKNIFTY TECHNICAL

Current Spot: 9899.75
Pivot: 9972
5DEMA: 10112
10DEMA: 10165
20DEMA: 10065
50DEMA: 10133
RSI (14 days): 47.75
Parabolic SAR: 11167
Supports: 9812 - 9724 - 9564
Resistance: 10060 - 10219 - 10307

Bank Nifty Future VIX Range: 9692 - 10290
Bank Nifty Future VWAP: 10051.70
MP Values Bank Nifty Future: VAH - 10091, POC - 10034, VAL - 9977

TARGET BANKNIFTY
Buy BankNifty Future above 10091 - 10160 - 10260 - 10400 SL - 10033
Sell BankNifty Future below 9977 - 9900 - 9795 - 9620 SL - 10074

INTRADAY TRADE
Reliance: Buy above 848 for targets of 855, 865 SL 842
Reliance: Sell below 837 for targets of 830, 820 SL 846
BataIndia: Buy above 855 for targets of 863, 875 SL 840
Petronet: Buy above 124 for targets of 125.1, 127 SL 122.3

SCORE SHEET
Wipro: Buy above 480 for targets of 484, 490 SL 474: Target 489.65 done
Tatacomm: Buy above 188 for targets of 190, 193 SL 185: Target 200.65 done

POSITIONAL TRADE
Tatacomm: Buy above 196 for target of 206 SL 193 (2-3 Days)
Ofss: Buy above 3060 for target of 3160 SL 3010 (1 Week)

Thanks and Regards

MarketPulse S&P