Wednesday, October 2, 2013

Market outlook for 03/10/2013

Nifty closed up 44.75 points (0.78%) at 5780.05 while Nifty Future closed at 5828.45, premium of 48.40 points.
Bank Nifty closed up 265.50 points (2.76%) at 9883.30 while Future closed at 9959.75, premium of 76.45 points.
  • FII sold in Cash (Net sell 106.96 Crore)
  • FII sold in index future, index option, stock future (Net sell 523.58 Crore)
  • DII bought in Cash (Net buy 125.35 Crore)
  • Most Active Nifty Call Option: 6000 and 6100.
  • Most Active Nifty Put Options: 5700 and 5600.
  • Advance Decline for the day was 755:548.
  • McClellan's oscillator for NSE at +5.
NIFTY TECHNICAL
Current Spot: 5780.05
Pivot: 5756
5DEMA: 5813
10DEMA: 5834
20DEMA: 5798
50DEMA: 5756
RSI (14 days): 50.29
Parabolic SAR: 6071
Supports: 5725 - 5670- 5640
Resistance: 5811 - 5841 - 5896
Nifty Future VIX Range: 5737 - 5929
Nifty Future VWAP: 5807.15
MP Values Nifty Future: VAH - 5828, POC - 5804, VAL - 5780

TARGET NIFTY
Buy Nifty Future above 5833 - 5855 - 5885 - 5935 SL - 5903
Sell Nifty Future below 5798 - 5780 - 5740 - 5705 SL - 5828

BANKNIFTY TECHNICAL
Current Spot: 9883.30
Pivot: 9793
5DEMA: 9926
10DEMA: 10032
20DEMA: 10010
50DEMA: 10140
RSI (14 days): 47.96
Parabolic SAR: 11013
Supports: 9673 - 9463 - 9343
Resistance: 10003 - 10123 - 10333
Bank Nifty Future VIX Range: 9685 - 10279
Bank Nifty Future VWAP: 9852.50
MP Values Bank Nifty Future: VAH - 9926, POC - 9821, VAL - 9716

TARGET BANKNIFTY
Buy BankNifty Future above 9967 - 10070 - 10180 - 10390 SL - 9862
Sell BankNifty Future below 9852 - 9755 - 9640 - 9450 SL - 9926

INTRADAY TRADE
Reliance: Buy above 827 for targets of 833, 840 SL 821
Reliance: Sell below 817 for targets of 812, 805 SL 825
Yesbank: Buy above 298 for targets of 301, 307 SL 295
Rcom: Buy above 150 for targets of 152, 154 SL 148

SCORE SHEET
JetAirways: Buy above 363 for targets of 367, 373 SL 355: Target 374.50 done
Srf: Buy above 167 for targets of 169, 172 SL 164: Target 173.00 done

POSITIONAL TRADE
Bhel: Buy above 143 for target of 150 SL 140 (2-3 Days)
Unionbank: Buy above 113 for target of 119 SL 111 (1 Week)

Thanks and Regards

MarketPulse S&P

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