Market outlook for 25/10/2013

Nifty closed down 14.00 points (0.23%) at 6164.35 while Nifty Future closed at 6173.80, premium of 9.45 points.
Bank Nifty closed up 21.80 points (0.20%) at 10902.45 while Future closed at 10917.05, premium of 14.60 points.

• FII bought in Cash (Net buy 991.83 Crore)
• FII sold in index future, index option and in stock future (Net sell 693.67 Crore)
• DII sold in Cash (Net sell 735.40 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 591:756.
• McClellan's oscillator for NSE at +24.

NIFTY TECHNICAL

Current Spot: 6164.35
Pivot: 6187
5DEMA: 6164
10DEMA: 6121
20DEMA: 6037
50DEMA: 5909
RSI (14 days): 63.44
Parabolic SAR: 6031
Supports: 6121 - 6077- 6011
Resistance: 6230 - 6296 - 6340

Nifty Future VIX Range: 6098 - 6256
Nifty Future VWAP: 6212.94
MP Values Nifty Future: VAH - 6234, POC - 6183, VAL - 6151

TARGET NIFTY
Buy Nifty Future above 6201 - 6225 - 6255 - 6295 SL - 6183
Sell Nifty Future below 6165 - 6140 - 6110 - 6075 SL - 6199

BANKNIFTY TECHNICAL

Current Spot: 10902.45
Pivot: 10945
5DEMA: 10797
10DEMA: 10657
20DEMA: 10467
50DEMA: 10251
RSI (14 days): 62.26
Parabolic SAR: 10225
Supports: 10797 - 10692 - 10545
Resistance: 11050 - 11197 - 11302

Bank Nifty Future VIX Range: 10656 - 11164
Bank Nifty Future VWAP: 11000.77
MP Values Bank Nifty Future: VAH - 11049, POC - 10969, VAL - 10889

TARGET BANKNIFTY
Buy BankNifty Future above 10974 - 11070 - 11200 - 11340 SL - 10940
Sell BankNifty Future below 10901 - 10810 - 10700 - 10560 SL - 10971

INTRADAY TRADE
Reliance: Buy above 897 for targets of 902, 915 SL 890
Reliance: Sell below 882 for targets of 877, 865 SL 894
Bfutilitie: Buy above 195 for targets of 198, 203 SL 190
TataGlobal: Buy above 166 for targets of 168, 171 SL 163

SCORE SHEET
Gail: Buy above 348 for targets of 351, 356 SL 345: Target 353.50 done
StcIndia: Buy above 174 for targets of 177, 182 SL 168: Target 177.20 done

POSITIONAL TRADE
Adanient: Buy above 209 for target of 223 SL 205 (2-3 Days)
Deltacorp: Buy above 81 for target of 87 SL 78.5 (1 Week)

Thanks and Regards

MarketPulse S&P