Market outlook for 15/10/2013

Nifty closed up 16.50 points (0.27%) at 6112.70 while Nifty Future closed at 6143.35, premium of 30.65 points.
Bank Nifty closed up 43.10 points (0.41%) at 10665.25 while Future closed at 10711.85, premium of 46.60 points.

• FII bought in Cash (Net buy 730.29 Crore)
• FII sold in stock future, index option but bought in index future (Net sell 851.72 Crore)
• DII sold in Cash (Net sell 641.20 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 698:650.
• McClellan's oscillator for NSE at +39.

NIFTY TECHNICAL

Current Spot: 6112.70
Pivot: 6107
5DEMA: 6042
10DEMA: 5984
20DEMA: 5912
50DEMA: 5833
RSI (14 days): 65.88
Parabolic SAR: 5748
Supports: 6089 - 6065- 6048
Resistance: 6130 - 6148 - 6171

Nifty Future VIX Range: 6059 - 6235
Nifty Future VWAP: 6133.36
MP Values Nifty Future: VAH - 6146, POC - 6134, VAL - 6122

TARGET NIFTY
Buy Nifty Future above 6148 - 6160 - 6182 - 6210 SL - 6131
Sell Nifty Future below 6122 - 6110 - 6088 - 6066 SL - 6146

BANKNIFTY TECHNICAL

Current Spot: 10655.25
Pivot: 10641
5DEMA: 10456
10DEMA: 10326
20DEMA: 10203
50DEMA: 10206
RSI (14 days): 59.69
Parabolic SAR: 9605
Supports: 10575 - 10484 - 10418
Resistance: 10731 - 10797 - 10888

Bank Nifty Future VIX Range: 10439 - 10993
Bank Nifty Future VWAP: 10687.50
MP Values Bank Nifty Future: VAH - 10753, POC - 10708, VAL - 10663

TARGET BANKNIFTY
Buy BankNifty Future above 10720 - 10785 - 10860 - 10960 SL - 10686
Sell BankNifty Future below 10663 - 10619 - 10520 - 10445 SL - 10708

INTRADAY TRADE
Reliance: Buy above 872 for targets of 878, 885 SL 867
Reliance: Sell below 865 for targets of 859, 853 SL 872
Karurvysya: Buy above 352 for targets of 356, 363 SL 346
Godrejind: Buy above 279 for targets of 283, 288 SL 274

SCORE SHEET
BankBaroda: Buy above 565 for targets of 571, 580 SL 556: Target 580.00 done
Rallis: Buy above 165 for targets of 167, 170 SL 162: Target 171.40 done

POSITIONAL TRADE
Bfutilitie: Buy above 178 for target of 188 SL 175 (2-3 Days)
Ktkbank: Buy above 110 for target of 120 SL 105 (1 Week)

Thanks and Regards

MarketPulse S&P