Market outlook for 08/10/2013

Nifty closed down 1.15 points (0.02%) at 5906.15 while Nifty Future closed at 5943.20, premium of 37.05 points.
Bank Nifty closed down 115.05 points (1.13%) at 10082.10 while Future closed at 10141.85, premium of 59.75 points.

• FII bought in Cash (Net buy 494.13 Crore)
• FII sold in index future, index option and in stock future (Net sell 931.09 Crore)
• DII sold in Cash (Net sell 267.46 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 731:549.
• McClellan's oscillator for NSE at +25.

NIFTY TECHNICAL

Current Spot: 5906.15
Pivot: 5881
5DEMA: 5879
10DEMA: 5867
20DEMA: 5826
50DEMA: 5767
RSI (14 days): 56.54
Parabolic SAR: 5989
Supports: 5851 - 5795- 5765
Resistance: 5937 - 5967 - 6023

Nifty Future VIX Range: 5850 - 6039
Nifty Future VWAP: 5902.36
MP Values Nifty Future: VAH - 5934, POC - 5909, VAL - 5884

TARGET NIFTY
Buy Nifty Future above 5948 - 5970 - 6005 - 6055 SL - 5909
Sell Nifty Future below 5908 - 5888 - 5855 - 5805 SL - 5934

BANKNIFTY TECHNICAL

Current Spot: 10082.10
Pivot: 10028
5DEMA: 10082
10DEMA: 10089
20DEMA: 10049
50DEMA: 10110
RSI (14 days): 50.88
Parabolic SAR: 10696
Supports: 9932 - 9781 - 9685
Resistance: 10178 - 10275 - 10425

Bank Nifty Future VIX Range: 9863 - 10440
Bank Nifty Future VWAP: 10042.26
MP Values Bank Nifty Future: VAH - 10118, POC - 10044, VAL - 9970

TARGET BANKNIFTY
Buy BankNifty Future above 10149 - 10250 - 10380 - 10540 SL - 10089
Sell BankNifty Future below 10085 - 9985 - 9855 - 9710 SL - 10119

INTRADAY TRADE
Reliance: Buy above 848 for targets of 854, 864 SL 842
Reliance: Sell below 840 for targets of 834, 824 SL 846
Tataglobal: Buy above 156.60 for targets of 158, 160 SL 154.50
Finantech: Buy above 169 for targets of 172, 177 SL 164

SCORE SHEET
Hindalco: Buy above 118.60 for targets of 120, 122 SL 117: Target 122.40 done
Yesbank: Buy above 317 for targets of 320, 325 SL 312: Call not Active

POSITIONAL TRADE
Persistent: Buy above 695 for target of 733 SL 685 (2-3 Days)
Escorts: Buy above 92 for target of 99 SL 90 (1 Week)

Thanks and Regards

MarketPulse S&P