Market outlook for 17/10/2013

Nifty closed down 23.65 points (0.39%) at 6089.05 while Nifty Future closed at 6110.65, premium of 21.60 points.
Bank Nifty closed down 276.00 points (2.59%) at 10389.25 while Future closed at 10427.20, premium of 37.95 points.

• FII bought in Cash (Net buy 1136.23 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 743.70 Crore)
• DII sold in Cash (Net sell 1035.34 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 453:887.
• McClellan's oscillator for NSE at +18.

NIFTY TECHNICAL

Current Spot: 6089.05
Pivot: 6101
5DEMA: 6058
10DEMA: 6003
20DEMA: 5928
50DEMA: 5843
RSI (14 days): 63.83
Parabolic SAR: 5780
Supports: 6045 - 6001- 5945
Resistance: 6145 - 6200 - 6244

Nifty Future VIX Range: 6023 - 6193
Nifty Future VWAP: 6128.19
MP Values Nifty Future: VAH - 6139, POC - 6113, VAL - 6087

TARGET NIFTY
Buy Nifty Future above 6132 - 6160 - 6200 - 6250 SL - 6113
Sell Nifty Future below 6101 - 6070 - 6030 - 5980 SL - 6130

BANKNIFTY TECHNICAL

Current Spot: 10389.25
Pivot: 10489
5DEMA: 10434
10DEMA: 10338
20DEMA: 10220
50DEMA: 10213
RSI (14 days): 53.77
Parabolic SAR: 9651
Supports: 10240 - 10090 - 9840
Resistance: 10639 - 10888 - 11038

Bank Nifty Future VIX Range: 10130 - 10668
Bank Nifty Future VWAP: 10563.32
MP Values Bank Nifty Future: VAH - 10663, POC - 10551, VAL - 10439

TARGET BANKNIFTY
Buy BankNifty Future above 10551 - 10665 - 10810 - 10990 SL - 10517
Sell BankNifty Future below 10421 - 10290 - 10150 - 10005 SL - 10538

INTRADAY TRADE
Reliance: Buy above 881 for targets of 887, 900 SL 875
Reliance: Sell below 864 for targets of 858, 845 SL 879
TataSteel: Buy above 311 for targets of 314, 318 SL 306
Hindalco: Buy above 113 for targets of 115, 117 SL 111

SCORE SHEET
Karurvysya: Buy above 352 for targets of 356, 363 SL 346: Target 364.70 done
Godrejind: Buy above 279 for targets of 283, 288 SL 274: Target 281.80 done

POSITIONAL TRADE
Wipro: Buy above 511 for target of 530 SL 503 (2-3 Days)
GmrInfra: Buy above 22.50 for target of 26 SL 22 (1 Week)

Thanks and Regards

MarketPulse S&P