Wednesday, October 23, 2013

Market outlook for 24/10/2013

Nifty closed down 24.45 points (0.39%) at 6178.35 while Nifty Future closed at 6190.30, premium of 11.95 points.
Bank Nifty closed up 71.55 points (0.66%) at 10880.65 while Future closed at 10916.15, premium of 35.50 points.
  • FII bought in Cash (Net buy 644.80 Crore)
  • FII bought in index option but sold in index future, stock future (Net buy 692.66 Crore)
  • DII sold in Cash (Net sell 545.57 Crore)
  • Most Active Nifty Call Option: 6200 and 6300.
  • Most Active Nifty Put Options: 6200 and 6100.
  • Advance Decline for the day was 652:698.
  • McClellan's oscillator for NSE at +35.
NIFTY TECHNICAL
Current Spot: 6178.35
Pivot: 6171
5DEMA: 6164
10DEMA: 6111
20DEMA: 6023
50DEMA: 5906
RSI (14 days): 64.64
Parabolic SAR: 5989
Supports: 6124 - 6070- 6023
Resistance: 6225 - 6272 - 6327
Nifty Future VIX Range: 6106 - 6268
Nifty Future VWAP: 6172.33
MP Values Nifty Future: VAH - 6206, POC - 6178, VAL - 6150

TARGET NIFTY
Buy Nifty Future above 6197 - 6220 - 6255 - 6300 SL - 6177
Sell Nifty Future below 6173 - 6150 - 6120 - 6085 SL - 6192

BANKNIFTY TECHNICAL
Current Spot: 10880.65
Pivot: 10842
5DEMA: 10744
10DEMA: 10603
20DEMA: 10423
50DEMA: 10270
RSI (14 days): 61.54
Parabolic SAR: 10084
Supports: 10771 - 10661 - 10591
Resistance: 10952 - 11022 - 11132
Bank Nifty Future VIX Range: 10643 - 11167
Bank Nifty Future VWAP: 10861.67
MP Values Bank Nifty Future: VAH - 10926, POC - 10876, VAL - 10826

TARGET BANKNIFTY
Buy BankNifty Future above 10926 - 10985 - 11050 - 11160 SL - 10865
Sell BankNifty Future below 10854 - 10805 - 10685 - 10600 SL - 10886

INTRADAY TRADE
Reliance: Buy above 902 for targets of 906, 917 SL 896
Reliance: Sell below 893 for targets of 889, 879 SL 900
Gail: Buy above 348 for targets of 351, 356 SL 345
StcIndia: Buy above 174 for targets of 177, 182 SL 168

SCORE SHEET
Ceatltd: Buy above 156 for targets of 158, 162 SL 152: Target 164.90 done
YesBank: Buy above 374 for targets of 380, 386 SL 366: Target 381.90 done

POSITIONAL TRADE
Britannia: Buy above 920 for target of 968 SL 909 (2-3 Days)
Gitanjali: Buy above 65 for target of 73 SL 62 (1 Week)

Thanks and Regards

MarketPulse S&P

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