Sunday, October 6, 2013

Market outlook for 07/10/2013

Nifty closed down 2.40 points (0.04%) at 5907.30 while Nifty Future closed at 5950.90, premium of 43.60 points.
Bank Nifty closed down 25.80 points (0.25%) at 10197.15 while Future closed at 10261.35, premium of 64.20 points.
  • FII bought in Cash (Net buy 541.36 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 873.98 Crore)
  • DII sold in Cash (Net sell 302.07 Crore)
  • Most Active Nifty Call Option: 6100 and 6200.
  • Most Active Nifty Put Options: 5800 and 5700.
  • Advance Decline for the day was 639:671.
  • McClellan's oscillator for NSE at +19.
NIFTY TECHNICAL
Current Spot: 5907.30
Pivot: 5914
5DEMA: 5866
10DEMA: 5858
20DEMA: 5818
50DEMA: 5766
RSI (14 days): 56.51
Parabolic SAR: 6014
Supports: 5878 - 5849- 5813
Resistance: 5944 - 5980 - 6009
Nifty Future VIX Range: 5859 - 6055
Nifty Future VWAP: 5966.27
MP Values Nifty Future: VAH - 6004, POC - 5978, VAL - 5952

TARGET NIFTY
Buy Nifty Future above 5966 - 5995 - 6030 - 6070 SL - 5959
Sell Nifty Future below 5942 - 5920 - 5885 - 5845 SL - 5965

BANKNIFTY TECHNICAL
Current Spot: 10197.15
Pivot: 10213
5DEMA: 10082
10DEMA: 10091
20DEMA: 10046
50DEMA: 10124
RSI (14 days): 52.84
Parabolic SAR: 10793
Supports: 10096 - 9996 - 9879
Resistance: 10313 - 10430 - 10530
Bank Nifty Future VIX Range: 9967 - 10567
Bank Nifty Future VWAP: 10289.00
MP Values Bank Nifty Future: VAH - 10356, POC - 10293, VAL - 10230

TARGET BANKNIFTY
Buy BankNifty Future above 10318 - 10420 - 10560 - 10740 SL - 10306
Sell BankNifty Future below 10246 - 10135 - 9990 - 9810 SL - 10316

INTRADAY TRADE
Reliance: Buy above 857 for targets of 861, 870 SL 849
Reliance: Sell below 846 for targets of 842, 831 SL 853
Hindalco: Buy above 118.60 for targets of 120, 122 SL 117
Yesbank: Buy above 317 for targets of 320, 325 SL 312

SCORE SHEET
Bharatforg: Buy above 273 for targets of 276, 282 SL 267: SL Hit
Pvr: Buy above 550 for targets of 567, 580 SL 536: Target 565.85 done

POSITIONAL TRADE
Lichsgfin: Buy above 207 for target of 217 SL 202 (2-3 Days)
Arvind: Buy above 90 for target of 101 SL 86 (1 Week)

Thanks and Regards

MarketPulse S&P

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