Market outlook for 14/10/2013

Nifty closed up 75.25 points (1.25%) at 6096.20 while Nifty Future closed at 6130.50, premium of 34.30 points.
Bank Nifty closed up 333.20 points (3.24%) at 10622.15 while Future closed at 10675.35, premium of 53.20 points.

• FII bought in Cash (Net buy 1010.45 Crore)
• FII bought in index future but sold in stock future, index option (Net buy 431.60 Crore)
• DII sold in Cash (Net sell 544.19 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 716:621.
• McClellan's oscillator for NSE at +43.

NIFTY TECHNICAL

Current Spot: 6096.20
Pivot: 6083
5DEMA: 6007
10DEMA: 5955
20DEMA: 5890
50DEMA: 5813
RSI (14 days): 65.39
Parabolic SAR: 5724
Supports: 6059 - 6022- 5998
Resistance: 6120 - 6145 - 6182

Nifty Future VIX Range: 6033 - 6214
Nifty Future VWAP: 6111.25
MP Values Nifty Future: VAH - 6141, POC - 6122, VAL - 6103

TARGET NIFTY
Buy Nifty Future above 6141 - 6155 - 6180 - 6225 SL - 6112
Sell Nifty Future below 6103 - 6085 - 6050 - 6020 SL - 6122

BANKNIFTY TECHNICAL

Current Spot: 10622.15
Pivot: 10526
5DEMA: 10351
10DEMA: 10251
20DEMA: 10154
50DEMA: 10175
RSI (14 days): 59.27
Parabolic SAR: 9583
Supports: 10404 - 10185 - 10062
Resistance: 10745 - 10868 - 11086

Bank Nifty Future VIX Range: 10384 - 10952
Bank Nifty Future VWAP: 10560.76
MP Values Bank Nifty Future: VAH - 10693, POC - 10586, VAL - 10479

TARGET BANKNIFTY
Buy BankNifty Future above 10693 - 10790 - 10910 - 11125 SL - 10579
Sell BankNifty Future below 10564 - 10460 - 10340 - 10165 SL - 10589

INTRADAY TRADE
Reliance: Buy above 866 for targets of 873, 881 SL 860
Reliance: Sell below 858 for targets of 851, 844 SL 864
BankBaroda: Buy above 565 for targets of 571, 580 SL 556
Rallis: Buy above 165 for targets of 167, 170 SL 162

SCORE SHEET
Aplltd: Buy above 176 for targets of 179, 185 SL 171: Target 178.50 done
TataMotors: Buy above 374 for targets of 378, 385 SL 366: Target 389.60 done

POSITIONAL TRADE
Ucobank: Buy above 68 for target of 71 SL 66.5 (2-3 Days)
Ncc: Buy above 22.1 for target of 24.5 SL 21.5 (1 Week)

Thanks and Regards

MarketPulse S&P