Market outlook for 30/10/2013

Nifty closed up 119.80 points (1.96%) at 6220.90 while Nifty Future closed at 6228.95, premium of 8.05 points.
Bank Nifty closed up 468.45 points (4.35%) at 11241.65 while Future closed at 11249.10, premium of 7.45 points.

• FII bought in Cash (Net buy 1103.04 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 236.76 Crore)
• DII sold in Cash (Net sell 894.04 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 757:584.
• McClellan's oscillator for NSE at -1.

NIFTY TECHNICAL

Current Spot: 6220.90
Pivot: 6176
5DEMA: 6166
10DEMA: 6139
20DEMA: 6068
50DEMA: 5924
RSI (14 days): 64.60
Parabolic SAR: 6252
Supports: 6124 - 6027- 5975
Resistance: 6273 - 6325 - 6422

Nifty Future VIX Range: 6152 - 6311
Nifty Future VWAP: 6163.43
MP Values Nifty Future: VAH - 6195, POC - 6144, VAL - 6093

TARGET NIFTY
Buy Nifty Future above 6234 - 6275 - 6325 - 6385 SL - 6179
Sell Nifty Future below 6173 - 6140 - 6090 - 6015 SL - 6195

BANKNIFTY TECHNICAL

Current Spot: 11241.65
Pivot: 11060
5DEMA: 10955
10DEMA: 10810
20DEMA: 10600
50DEMA: 10302
RSI (14 days): 66.62
Parabolic SAR: 10606
Supports: 10851 - 10460 - 10252
Resistance: 11450 - 11659 - 12049

Bank Nifty Future VIX Range: 10996 - 11534
Bank Nifty Future VWAP: 10977.90
MP Values Bank Nifty Future: VAH - 11146, POC - 10966, VAL - 10786

TARGET BANKNIFTY
Buy BankNifty Future above 11258 - 11350 - 11500 - 11710 SL - 11140
Sell BankNifty Future below 11030 - 10940 - 10805 - 10580 SL - 11146

INTRADAY TRADE
Reliance: Buy above 899 for targets of 904, 913 SL 893
Reliance: Sell below 890 for targets of 886, 877 SL 897
Relinfra: Buy above 431 for targets of 435, 443 SL 425
Pfc: Buy above 130 for targets of 132, 135 SL 127

SCORE SHEET
Adanient: Buy above 209 for targets of 211, 215 SL 205: Target 214.40 done
Ceatltd: Buy above 173 for targets of 175, 180 SL 169: Target 184.25 done

POSITIONAL TRADE
Supremeind: Buy above 398 for target of 414 SL 390 (2-3 Days)
Tbz: Buy above 164 for target of 179 SL 160 (1 Week)

Thanks and Regards

MarketPulse S&P