Market outlook for 21/10/2013

Nifty closed up 143.50 points (2.37%) at 6189.35 while Nifty Future closed at 6210.45, premium of 21.10 points.
Bank Nifty closed up 408.35 points (3.95%) at 10744.90 while Future closed at 10803.05, premium of 58.15 points.

• FII bought in Cash (Net buy 1752.98 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 188.49 Crore)
• DII sold in Cash (Net sell 562.23 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 806:542.
• McClellan's oscillator for NSE at +22.

NIFTY TECHNICAL

Current Spot: 6189.35
Pivot: 6154
5DEMA: 6099
10DEMA: 6043
20DEMA: 5963
50DEMA: 5865
RSI (14 days): 66.63
Parabolic SAR: 5856
Supports: 6107 - 6023- 5893
Resistance: 6237 - 6285 - 6415

Nifty Future VIX Range: 6116 - 6294
Nifty Future VWAP: 6171.20
MP Values Nifty Future: VAH - 6223, POC - 6203, VAL - 6157

TARGET NIFTY
Buy Nifty Future above 6215 - 6257 - 6300 - 6380 SL - 6169
Sell Nifty Future below 6165 - 6130 - 6050 - 5995 SL - 6203

BANKNIFTY TECHNICAL

Current Spot: 10744.90
Pivot: 10639
5DEMA: 10516
10DEMA: 10412
20DEMA: 10279
50DEMA: 10184
RSI (14 days): 59.56
Parabolic SAR: 9780
Supports: 10493 - 10242 - 9845
Resistance: 10890 - 11035 - 11432

Bank Nifty Future VIX Range: 10510 - 11078
Bank Nifty Future VWAP: 10663.55
MP Values Bank Nifty Future: VAH - 10775, POC - 10632, VAL - 10489

TARGET BANKNIFTY
Buy BankNifty Future above 10811 - 10935 - 11065 - 11260 SL - 10685
Sell BankNifty Future below 10674 - 10550 - 10400 - 10205 SL - 10775

INTRADAY TRADE
Reliance: Buy above 908 for targets of 913, 923 SL 896
Reliance: Sell below 894 for targets of 889, 891 SL 901
Itc: Buy above 355 for targets of 358, 362 SL 351
Cesc: Buy above 347 for targets of 350, 356 SL 342

SCORE SHEET
Bhartiartl: Buy above 350 for targets of 353, 357 SL 346: Target 359.00 done
Zeel: Buy above 251 for targets of 253, 257 SL 247: Target 254 done

POSITIONAL TRADE
Hindalco: Buy above 115 for target of 120 SL 113 (2-3 Days)
Hdil: Buy above 43.8 for target of 47 SL 42.8 (1 Week)

Thanks and Regards

MarketPulse S&P