Market outlook for 04/10/2013

Nifty closed up 129.65 points (2.24%) at 5909.70 while Nifty Future closed at 5966.80, premium of 57.10 points.
Bank Nifty closed up 339.65 points (3.44%) at 10222.95 while Future closed at 10318.05, premium of 95.10 points.

• FII bought in Cash (Net buy 997.21 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 569.64 Crore)
• DII sold in Cash (Net sell 493.00 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 860:450.
• McClellan's oscillator for NSE at +22.

NIFTY TECHNICAL

Current Spot: 5909.70
Pivot: 5877
5DEMA: 5845
10DEMA: 5848
20DEMA: 5808
50DEMA: 5752
RSI (14 days): 56.75
Parabolic SAR: 6041
Supports: 5836 - 5762- 5721
Resistance: 5951 - 5992 - 6066

Nifty Future VIX Range: 5865 - 6067
Nifty Future VWAP: 5924.33
MP Values Nifty Future: VAH - 5996, POC - 5959, VAL - 5915

TARGET NIFTY
Buy Nifty Future above 5971 - 5996 - 6025 - 6080 SL - 5933
Sell Nifty Future below 5927 - 5900 - 5870 - 5815 SL - 5959

BANKNIFTY TECHNICAL

Current Spot: 10222.95
Pivot: 10118
5DEMA: 10025
10DEMA: 10067
20DEMA: 10030
50DEMA: 10115
RSI (14 days): 53.35
Parabolic SAR: 10898
Supports: 9994 - 9765 - 9641
Resistance: 10347 - 10470 - 10699

Bank Nifty Future VIX Range: 9995 - 10615
Bank Nifty Future VWAP: 10171.23
MP Values Bank Nifty Future: VAH - 10333, POC - 10206, VAL - 10077

TARGET BANKNIFTY
Buy BankNifty Future above 10333 - 10425 - 10550 - 10700 SL - 10200
Sell BankNifty Future below 10189 - 10105 - 9990 - 9840 SL - 10210

INTRADAY TRADE
Reliance: Buy above 849 for targets of 854, 863 SL 838
Reliance: Sell below 836 for targets of 830, 821 SL 842
Bharatforg: Buy above 273 for targets of 276, 282 SL 267
Pvr: Buy above 550 for targets of 567, 580 SL 536

SCORE SHEET
Yesbank: Buy above 298 for targets of 301, 307 SL 295: Target 312.85 done
Rcom: Buy above 150 for targets of 152, 154 SL 148: Target 152.90 done

POSITIONAL TRADE
Tatacomm: Buy above 212 for target of 220 SL 209 (2-3 Days)
Ceatltd: Buy above 140 for target of 148 SL 136 (1 Week)

Thanks and Regards

MarketPulse S&P