Wednesday, October 30, 2013

Market outlook for 31/10/2013

Nifty closed up 30.80 points (0.50%) at 6251.70 while Nifty Future closed at 6250.90, discount of 0.80 points.
Bank Nifty closed up 7.70 points (0.07%) at 11249.35 while Future closed at 11249.70, premium of 0.35 points.
  • FII bought in Cash (Net buy 1016.77 Crore)
  • FII bought in index option, index future but sold in stock future (Net buy 615.46 Crore)
  • DII sold in Cash (Net sell 550.60 Crore)
  • Most Active Nifty Call Option: 6200 and 6300.
  • Most Active Nifty Put Options: 6200 and 6100.
  • Advance Decline for the day was 713:633.
  • McClellan's oscillator for NSE at +2.
NIFTY TECHNICAL
Current Spot: 6251.70
Pivot: 6248
5DEMA: 6195
10DEMA: 6159
20DEMA: 6085
50DEMA: 5931
RSI (14 days): 66.28
Parabolic SAR: 6079
Supports: 6226 - 6201- 6180
Resistance: 6273 - 6294 - 6320
Nifty Future VIX Range: 6177 - 6333
Nifty Future VWAP: 6247.00
MP Values Nifty Future: VAH - 6252, POC - 6243, VAL - 6234

TARGET NIFTY
Buy Nifty Future above 6256 - 6270 - 6295 - 6330 SL - 6243
Sell Nifty Future below 6241 - 6227 - 6200 - 6170 SL - 6253

BANKNIFTY TECHNICAL
Current Spot: 11249.35
Pivot: 11276
5DEMA: 11053
10DEMA: 10890
20DEMA: 10662
50DEMA: 10329
RSI (14 days): 66.75
Parabolic SAR: 10669
Supports: 11185 - 11121 - 11030
Resistance: 11340 - 11431 - 11495
Bank Nifty Future VIX Range: 10990 - 11510
Bank Nifty Future VWAP: 11300.12
MP Values Bank Nifty Future: VAH - 11350, POC - 11309, VAL - 11268

TARGET BANKNIFTY
Buy BankNifty Future above 11310 - 11385 - 11510 - 11630 SL - 11268
Sell BankNifty Future below 11235 - 11160 - 11060 - 10930 SL - 11303

INTRADAY TRADE
Reliance: Buy above 902 for targets of 905, 910 SL 896
Reliance: Sell below 894 for targets of 890, 885 SL 901
Bhartiartl: Buy above 362 for targets of 365, 372 SL 357
Finantech: Buy above 176 for targets of 179, 185 SL 172

SCORE SHEET
Relinfra: Buy above 431 for targets of 435, 443 SL 425: Target 434.50 done
Pfc: Buy above 130 for targets of 132, 135 SL 127: Target 136.70 done

POSITIONAL TRADE
Tatacomm: Buy above 253 for target of 270 SL 248 (2-3 Days)
Torntpower: Buy above 84.5 for target of 94 SL 82 (1 Week)

Thanks and Regards

MarketPulse S&P

0 comments:

Post a Comment

Please leave your comments here...