Thursday, October 31, 2013

Market outlook for 01/11/2013

Nifty closed up 47.45 points (0.76%) at 6299.15 while Nifty Future closed at 6331.30, premium of 32.15 points.
Bank Nifty closed up 223.80 points (1.99%) at 11473.15 while Future closed at 11535.75, premium of 62.60 points.
  • FII bought in Cash (Net buy 1875.87 Crore)
  • FII sold in index option but bought index future, stock future (Net sell 1148.39 Crore)
  • DII sold in Cash (Net sell 833.79 Crore)
  • Most Active Nifty Call Option: 6300 and 6400.
  • Most Active Nifty Put Options: 6300 and 6200.
  • Advance Decline for the day was 737:600.
  • McClellan's oscillator for NSE at +6.
NIFTY TECHNICAL
Current Spot: 6299.15
Pivot: 6281
5DEMA: 6230
10DEMA: 6185
20DEMA: 6106
50DEMA: 5944
RSI (14 days): 68.50
Parabolic SAR: 6084
Supports: 6254 - 6208- 6181
Resistance: 6327 - 6355 - 6400
Nifty Future VIX Range: 6256 - 6410
Nifty Future VWAP: 6311.68
MP Values Nifty Future: VAH - 6331, POC - 6314, VAL - 6297

TARGET NIFTY
Buy Nifty Future above 6335 - 6350 - 6375 - 6405 SL - 6311
Sell Nifty Future below 6297 - 6282 - 6255 - 6225 SL - 6218

BANKNIFTY TECHNICAL
Current Spot: 11473.15
Pivot: 11385
5DEMA: 11193
10DEMA: 10996
20DEMA: 10739
50DEMA: 10357
RSI (14 days): 70.09
Parabolic SAR: 10838
Supports: 11258 - 11043 - 10916
Resistance: 11600 - 11728 - 11943
Bank Nifty Future VIX Range: 11295 - 11825
Bank Nifty Future VWAP: 11408.25
MP Values Bank Nifty Future: VAH - 11568, POC - 11474, VAL - 11372

TARGET BANKNIFTY
Buy BankNifty Future above 11544 - 11645 - 11760 - 11900 SL - 11444
Sell BankNifty Future below 11408 - 11310 - 11200 - 11050 SL - 11474

INTRADAY TRADE
Reliance: Buy above 917 for targets of 922, 929 SL 907
Reliance: Sell below 905 for targets of 900, 890 SL 912
Bankbaroda: Buy above 648 for targets of 655, 668 SL 637
Mothersumi: Buy above 271 for targets of 274, 280 SL 266

SCORE SHEET
Bhartiartl: Buy above 362 for targets of 365, 372 SL 357: Target 370.50 done
Finantech: Buy above 176 for targets of 179, 185 SL 172: Target 182.80 done

POSITIONAL TRADE
Bfutilitie: Buy above 324 for target of 340 SL 315 (2-3 Days)
Renuka: Buy above 22.5 for target of 24 SL 22.3 (1 Week)

Thanks and Regards

MarketPulse S&P

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