Market outlook for 22/10/2013

Nifty closed up 15.60 points (0.25%) at 6204.95 while Nifty Future closed at 6226.15, premium of 21.20 points.
Bank Nifty closed up 52.65 points (0.49%) at 10797.55 while Future closed at 10837.60, premium of 40.05 points.

• FII bought in Cash (Net buy 1031.79 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 953.45 Crore)
• DII sold in Cash (Net sell 724.10 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 859:477.
• McClellan's oscillator for NSE at +33.

NIFTY TECHNICAL

Current Spot: 6204.95
Pivot: 6195
5DEMA: 6134
10DEMA: 6072
20DEMA: 5986
50DEMA: 5878
RSI (14 days): 67.29
Parabolic SAR: 5900
Supports: 6171 - 6139- 6115
Resistance: 6226 - 6250 - 6282

Nifty Future VIX Range: 6149 - 6323
Nifty Future VWAP: 6213.10
MP Values Nifty Future: VAH - 6226, POC - 6213, VAL - 6200

TARGET NIFTY
Buy Nifty Future above 6231 - 6250 - 6285 - 6320 SL - 6212
Sell Nifty Future below 6200 - 6182 - 6162 - 6140 SL - 6219

BANKNIFTY TECHNICAL

Current Spot: 10797.55
Pivot: 10790
5DEMA: 10610
10DEMA: 10482
20DEMA: 10329
50DEMA: 10208
RSI (14 days): 60.35
Parabolic SAR: 9867
Supports: 10708 - 10619 - 10537
Resistance: 10879 - 10961 - 11051

Bank Nifty Future VIX Range: 10549 - 11101
Bank Nifty Future VWAP: 10832.37
MP Values Bank Nifty Future: VAH - 10865, POC - 10828, VAL - 10791

TARGET BANKNIFTY
Buy BankNifty Future above 10846 - 10915 - 11005 - 11100 SL - 10825
Sell BankNifty Future below 10814 - 10750 - 10655 - 10560 SL - 10836

INTRADAY TRADE
Reliance: Buy above 915 for targets of 919, 927 SL 906
Reliance: Sell below 904 for targets of 900, 891 SL 911
Zeel: Buy above 269 for targets of 272, 277 SL 264
Asianpaint: Buy above 519 for targets of 525, 533 SL 512

SCORE SHEET
Itc: Buy above 355 for targets of 358, 362 SL 351: Call not active
Cesc: Buy above 347 for targets of 350, 356 SL 342: Target 349.95 done

POSITIONAL TRADE
Dlf: Buy above 167 for target of 174 SL 164 (2-3 Days)
Idfc: Buy above 102 for target of 109 SL 99 (1 Week)

Thanks and Regards

MarketPulse S&P