Tuesday, October 22, 2013

Market outlook for 23/10/2013

Nifty closed down 2.15 points (0.03%) at 6202.80 while Nifty Future closed at 6222.65, premium of 19.85 points.
Bank Nifty closed up 11.55 points (0.11%) at 10809.10 while Future closed at 10851.55, premium of 42.45 points.
  • FII bought in Cash (Net buy 794.90 Crore)
  • FII sold in index option, stock future but bought in index future (Net sell 881.24 Crore)
  • DII sold in Cash (Net sell 845.30 Crore)
  • Most Active Nifty Call Option: 6200 and 6300.
  • Most Active Nifty Put Options: 6200 and 6100.
  • Advance Decline for the day was 894:492.
  • McClellan's oscillator for NSE at +43.
NIFTY TECHNICAL
Current Spot: 6202.80
Pivot: 6202
5DEMA: 6157
10DEMA: 6096
20DEMA: 6007
50DEMA: 5891
RSI (14 days): 67.09
Parabolic SAR: 5945
Supports: 6183 - 6163- 6145
Resistance: 6221 - 6240 - 6260
Nifty Future VIX Range: 6143 - 6311
Nifty Future VWAP: 6217.88
MP Values Nifty Future: VAH - 6224, POC - 6216, VAL - 6208

TARGET NIFTY
Buy Nifty Future above 6227 - 6240 - 6270 - 6310 SL - 6215
Sell Nifty Future below 6208 - 6190 - 6160 - 6125 SL - 6225

BANKNIFTY TECHNICAL
Current Spot: 10809.10
Pivot: 10808
5DEMA: 10676
10DEMA: 10541
20DEMA: 10374
50DEMA: 10232
RSI (14 days): 60.53
Parabolic SAR: 9971
Supports: 10709 - 10608 - 10509
Resistance: 10908 - 11008 - 11108
Bank Nifty Future VIX Range: 10577 - 11113
Bank Nifty Future VWAP: 10854.65
MP Values Bank Nifty Future: VAH - 10892, POC - 10846, VAL - 10800

TARGET BANKNIFTY
Buy BankNifty Future above 10860 - 10945 - 11050 - 11150 SL - 10843
Sell BankNifty Future below 10832 - 10755 - 10650 - 10550 SL - 10856

INTRADAY TRADE
Reliance: Buy above 909 for targets of 914, 922 SL 902
Reliance: Sell below 900 for targets of 895, 886 SL 907
Ceatltd: Buy above 156 for targets of 158, 162 SL 152
YesBank: Buy above 374 for targets of 380, 386 SL 366

SCORE SHEET
Zeel: Buy above 269 for targets of 272, 277 SL 264: SL Hit
Asianpaint: Buy above 519 for targets of 525, 533 SL 512: Target 531.20 done

POSITIONAL TRADE
Radico: Buy above 160 for target of 166 SL 157 (2-3 Days)
Rpower: Buy above 77 for target of 83 SL 75 (1 Week)

Thanks and Regards

MarketPulse S&P

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