Market outlook for 28/10/2013

Nifty closed down 19.45 points (0.32%) at 6144.90 while Nifty Future closed at 6151.55, premium of 6.65 points.
Bank Nifty closed down 5.95 points (0.05%) at 10896.50 while Future closed at 10908.15, premium of 11.65 points.

• FII bought in Cash (Net buy 626.99 Crore)
• FII sold in index future, index option and in stock future (Net sell 1080.75 Crore)
• DII sold in Cash (Net sell 497.95 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 492:863.
• McClellan's oscillator for NSE at +6.

NIFTY TECHNICAL

Current Spot: 6144.90
Pivot: 6149
5DEMA: 6158
10DEMA: 6125
20DEMA: 6047
50DEMA: 5911
RSI (14 days): 61.70
Parabolic SAR: 6071
Supports: 6122 - 6100- 6074
Resistance: 6171 - 6197 - 6220

Nifty Future VIX Range: 6065 - 6217
Nifty Future VWAP: 6155.77
MP Values Nifty Future: VAH - 6167, POC - 6155, VAL - 6143

TARGET NIFTY
Buy Nifty Future above 6167 - 6180 - 6205 - 6235 SL - 6154
Sell Nifty Future below 6142 - 6128 - 6105 - 6070 SL - 6161

BANKNIFTY TECHNICAL

Current Spot: 10896.50
Pivot: 10882
5DEMA: 10830
10DEMA: 10701
20DEMA: 10508
50DEMA: 10268
RSI (14 days): 62.12
Parabolic SAR: 10364
Supports: 10812 - 10728 - 10658
Resistance: 10966 - 11036 - 11120

Bank Nifty Future VIX Range: 10647 - 11139
Bank Nifty Future VWAP: 10901.10
MP Values Bank Nifty Future: VAH - 10934, POC - 10900, VAL - 10866

TARGET BANKNIFTY
Buy BankNifty Future above 10916 - 10980 - 11060 - 11150 SL - 10889
Sell BankNifty Future below 10878 - 10820 - 10730 - 10650 SL - 10905

INTRADAY TRADE
Reliance: Buy above 889 for targets of 893, 899 SL 884
Reliance: Sell below 882 for targets of 878, 872 SL 889
Dabur: Buy above 183 for targets of 184.50, 186.50 SL 180.50
Ibulhsgfin: Buy above 207 for targets of 209, 213 SL 204

SCORE SHEET
Bfutilitie: Buy above 195 for targets of 198, 203 SL 190: Target 197.95 done
TataGlobal: Buy above 166 for targets of 168, 171 SL 163: Target 168.40 done

POSITIONAL TRADE
Persistent: Buy above 800 for target of 835 SL 790 (2-3 Days)
Tv18brdcst: Buy above 23 for target of 24.50 SL 22.6 (1 Week)

Thanks and Regards

MarketPulse S&P