Market outlook for 29/10/2013

Nifty closed down 43.80 points (0.71%) at 6101.10 while Nifty Future closed at 6107.05, premium of 4.20 points.
Bank Nifty closed down 123.30 points (1.13%) at 10773.20 while Future closed at 10775.75, premium of 2.55 points.

• FII bought in Cash (Net buy 636.78 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 1057.03 Crore)
• DII sold in Cash (Net sell 902.68 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 494:854.
• McClellan's oscillator for NSE at -8.

NIFTY TECHNICAL

Current Spot: 6101.10
Pivot: 6121
5DEMA: 6139
10DEMA: 6121
20DEMA: 6052
50DEMA: 5912
RSI (14 days): 57.51
Parabolic SAR: 6094
Supports: 6074 - 6047- 5999
Resistance: 6149 - 6196 - 6223

Nifty Future VIX Range: 6033 - 6181
Nifty Future VWAP: 6134.68
MP Values Nifty Future: VAH - 6145, POC - 6118, VAL - 6100

TARGET NIFTY
Buy Nifty Future above 6133 - 6155 - 6195 - 6235 SL - 6118
Sell Nifty Future below 6100 - 6080 - 6050 - 6010 SL - 6131

BANKNIFTY TECHNICAL

Current Spot: 10773.20
Pivot: 10843
5DEMA: 10811
10DEMA: 10714
20DEMA: 10533
50DEMA: 10263
RSI (14 days): 58.49
Parabolic SAR: 10480
Supports: 10683 - 10593 - 10433
Resistance: 10933 - 11093 - 11183

Bank Nifty Future VIX Range: 10541 - 11018
Bank Nifty Future VWAP: 10885.47
MP Values Bank Nifty Future: VAH - 10926, POC - 10807, VAL - 10762

TARGET BANKNIFTY
Buy BankNifty Future above 10858 - 10935 - 11000 - 11160 SL - 10805
Sell BankNifty Future below 10762 - 10690 - 10605 - 10450 SL - 10856

INTRADAY TRADE
Reliance: Buy above 899 for targets of 903, 912 SL 892
Reliance: Sell below 886 for targets of 882, 873 SL 897
Adanient: Buy above 209 for targets of 211, 215 SL 205
Ceatltd: Buy above 173 for targets of 175, 180 SL 169

SCORE SHEET
Dabur: Buy above 183 for targets of 184.50, 186.50 SL 180.50: Call not active
Ibulhsgfin: Buy above 207 for targets of 209, 213 SL 204: Target 208.60 done

POSITIONAL TRADE
Titan: Buy above 252 for target of 260 SL 249 (2-3 Days)
Vipind: Buy above 58 for target of 62 SL 57 (1 Week)

Thanks and Regards

MarketPulse S&P