Market outlook for 10/10/2013

Nifty closed up 79.05 points (1.33%) at 6007.45 while Nifty Future closed at 6048.50, premium of 41.05 points.
Bank Nifty closed up 193.50 points (1.91%) at 10334.95 while Future closed at 10400.00, premium of 65.05 points.

• FII bought in Cash (Net buy 326.58 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 503.26 Crore)
• DII sold in Cash (Net sell 97.10 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 873:457.
• McClellan's oscillator for NSE at +41.

NIFTY TECHNICAL

Current Spot: 6007.45
Pivot: 5967
5DEMA: 5933
10DEMA: 5902
20DEMA: 5852
50DEMA: 5786
RSI (14 days): 61.47
Parabolic SAR: 5701
Supports: 5918 - 5828- 5779
Resistance: 6056 - 6105 - 6195

Nifty Future VIX Range: 5960 - 6146
Nifty Future VWAP: 5992.39
MP Values Nifty Future: VAH - 6041, POC - 5995, VAL - 5949

TARGET NIFTY
Buy Nifty Future above 6053 - 6095 - 6140 - 6215 SL - 5995
Sell Nifty Future below 5994 - 5955 - 5905 - 5845 SL - 6009

BANKNIFTY TECHNICAL

Current Spot: 10334.95
Pivot: 10214
5DEMA: 10180
10DEMA: 10142
20DEMA: 10084
50DEMA: 10133
RSI (14 days): 55.03
Parabolic SAR: 10525
Supports: 10068 - 9801 - 9655
Resistance: 10481 - 10627 - 10894

Bank Nifty Future VIX Range: 10132 - 10699
Bank Nifty Future VWAP: 10226.89
MP Values Bank Nifty Future: VAH - 10397, POC - 10270, VAL - 10143

TARGET BANKNIFTY
Buy BankNifty Future above 10408 - 10535 - 10675 - 10865 SL - 10269
Sell BankNifty Future below 10259 - 10135 - 9955 - 9800 SL - 10289

INTRADAY TRADE
Reliance: Buy above 863 for targets of 871, 882 SL 853
Reliance: Sell below 851 for targets of 845, 834 SL 858
Lovable: Buy above 320 for targets of 325, 335 SL 314
Eclerx: Buy above 990 for targets of 1000, 1021 SL 979

SCORE SHEET
Idea: Buy above 183 for targets of 185, 188 SL 179: Target 183.90 done
Bfutilitie: Buy above 170 for targets of 172, 176 SL 165: Target 174.95 done

POSITIONAL TRADE
Hgs: Buy above 445 for target of 465 SL 429 (2-3 Days)
Dhfl: Buy above 121 for target of 128 SL 119 (1 Week)

Thanks and Regards

MarketPulse S&P