Thursday, October 17, 2013

Market outlook for 18/10/2013

Nifty closed down 43.20 points (0.71%) at 6045.85 while Nifty Future closed at 6071.00, premium of 25.15 points.
Bank Nifty closed down 52.70 points (0.51%) at 10336.55 while Future closed at 10374.45, premium of 37.90 points.
  • FII bought in Cash (Net buy 1109.93 Crore)
  • FII sold in index option, stock future but bought in index future (Net sell 1591.45 Crore)
  • DII sold in Cash (Net sell 1149.22 Crore)
  • Most Active Nifty Call Option: 6100 and 6200.
  • Most Active Nifty Put Options: 6100 and 6000.
  • Advance Decline for the day was 643:704.
  • McClellan's oscillator for NSE at +13.
NIFTY TECHNICAL
Current Spot: 6045.85
Pivot: 6063
5DEMA: 6054
10DEMA: 6011
20DEMA: 5940
50DEMA: 5846
RSI (14 days): 60.16
Parabolic SAR: 5818
Supports: 6015 - 5985- 5937
Resistance: 6094 - 6141 - 6172
Nifty Future VIX Range: 5984 - 6149
Nifty Future VWAP: 6097.13
MP Values Nifty Future: VAH - 6122, POC - 6101, VAL - 6080

TARGET NIFTY
Buy Nifty Future above 6094 - 6110 - 6135 - 6180 SL - 6080
Sell Nifty Future below 6062 - 6045 - 6020 - 5975 SL - 6093

BANKNIFTY TECHNICAL
Current Spot: 10336.55
Pivot: 10342
5DEMA: 10401
10DEMA: 10337
20DEMA: 10230
50DEMA: 10151
RSI (14 days): 53.05
Parabolic SAR: 9716
Supports: 10269 - 10201 - 10127
Resistance: 10410 - 10484 - 10552
Bank Nifty Future VIX Range: 10109 - 10629
Bank Nifty Future VWAP: 10373.45
MP Values Bank Nifty Future: VAH - 10409, POC - 10376, VAL - 10343

TARGET BANKNIFTY
Buy BankNifty Future above 10385 - 10455 - 10540 - 10620 SL - 10367
Sell BankNifty Future below 10359 - 10300 - 10220 - 10125 SL - 10383

INTRADAY TRADE
Reliance: Buy above 883 for targets of 888, 900 SL 875
Reliance: Sell below 873 for targets of 865, 857 SL 880
Bhartiartl: Buy above 350 for targets of 353, 357 SL 346
Zeel: Buy above 251 for targets of 253, 257 SL 247

SCORE SHEET
TataSteel: Buy above 311 for targets of 314, 318 SL 306: Target 316.45 done
Hindalco: Buy above 113 for targets of 115, 117 SL 111: SL Hit

POSITIONAL TRADE
Infotecent: Buy above 244 for target of 253 SL 237 (2-3 Days)
Arvind: Buy above 100.50 for target of 107 SL 99 (1 Week)

Thanks and Regards

MarketPulse S&P

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