Market outlook for 09/10/2013

Nifty closed up 22.25 points (0.38%) at 5928.40 while Nifty Future closed at 5959.45, premium of 31.05 points.
Bank Nifty closed up 59.35 points (0.59%) at 10141.45 while Future closed at 10197.10, premium of 55.65 points.

• FII bought in Cash (Net buy 226.32 Crore)
• FII sold in index future, index option and in stock future (Net sell 326.21 Crore)
• DII sold in Cash (Net sell 454.35 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 707:588.
• McClellan's oscillator for NSE at +28.

NIFTY TECHNICAL

Current Spot: 5928.40
Pivot: 5941
5DEMA: 5896
10DEMA: 5878
20DEMA: 5836
50DEMA: 5773
RSI (14 days): 57.68
Parabolic SAR: 5982
Supports: 5900 - 5872- 5832
Resistance: 5969 - 6010 - 6038

Nifty Future VIX Range: 5862 - 6046
Nifty Future VWAP: 5979.17
MP Values Nifty Future: VAH - 5993, POC - 5969, VAL - 5948

TARGET NIFTY
Buy Nifty Future above 5971 - 5995 - 6030 - 6065 SL - 5948
Sell Nifty Future below 5947 - 5930 - 5901 - 5865 SL - 5969

BANKNIFTY TECHNICAL

Current Spot: 10141.45
Pivot: 10228
5DEMA: 10102
10DEMA: 10099
20DEMA: 10058
50DEMA: 10111
RSI (14 days): 51.89
Parabolic SAR: 10607
Supports: 10004 - 9867 - 9644
Resistance: 10365 - 10588 - 10725

Bank Nifty Future VIX Range: 9879 - 10440
Bank Nifty Future VWAP: 10318.85
MP Values Bank Nifty Future: VAH - 10401, POC - 10269, VAL - 10159

TARGET BANKNIFTY
Buy BankNifty Future above 10271 - 10365 - 10500 - 10665 SL - 10189
Sell BankNifty Future below 10182 - 10085 - 9955 - 9810 SL - 10269

INTRADAY TRADE
Reliance: Buy above 851 for targets of 857, 867 SL 844
Reliance: Sell below 841 for targets of 835, 824 SL 848
Idea: Buy above 183 for targets of 185, 188 SL 179
Bfutilitie: Buy above 170 for targets of 172, 176 SL 165

SCORE SHEET
Tataglobal: Buy above 156.60 for targets of 158, 160 SL 154.50: Target 157.80 done
Finantech: Buy above 169 for targets of 172, 177 SL 164: Target 174.60 done

POSITIONAL TRADE
Mothersumi: Buy above 248 for target of 256 SL 245 (2-3 Days)
Torentpower: Buy above 76 for target of 82 SL 74 (1 Week)

Thanks and Regards

MarketPulse S&P