Market outlook for 10/12/2013

Nifty closed up 104.00 points (1.66%) at 6363.90 while Nifty Future closed at 6391.75, premium of 27.85 points.
Bank Nifty closed up 345.70 points (2.95%) at 12065.90 while Future closed at 12109.70, premium of 43.80 points.

• FII bought in Cash (Net buy 2473.17 Crore)
• FII bought in index future, index option and in stock future (Net buy 3736.95 Crore)
• DII sold in Cash (Net sell 1205.81 Crore)
• Most Active Nifty Call Option: 6400 and 6500.
• Most Active Nifty Put Options: 6300 and 6200.
• Advance Decline for the day was 668:707.
• McClellan's oscillator for NSE at +5.

NIFTY TECHNICAL

Current Spot: 6363.90
Pivot: 6375
5DEMA: 6263
10DEMA: 6211
20DEMA: 6171
50DEMA: 6109
RSI (14 days): 64.99
Parabolic SAR: 6050
Supports: 6334 - 6304 - 6264
Resistance: 6404 - 6445 - 6475

Nifty Future VIX Range: 6309 - 6455
Nifty Future VWAP: 6402.35
MP Values Nifty Future: VAH - 6430, POC - 6406, VAL - 6382

TARGET NIFTY
Buy Nifty Future above 6408 - 6430 - 6465 - 6510 SL - 6382
Sell Nifty Future below 6381 - 6360 - 6325 - 6275 SL - 6407

BANKNIFTY TECHNICAL

Current Spot: 12065.90
Pivot: 12100
5DEMA: 11655
10DEMA: 11421
20DEMA: 11221
50DEMA: 10930
RSI (14 days): 70.12
Parabolic SAR: 11026
Supports: 11973 - 11881 - 11755
Resistance: 12192 - 12318 - 12411

Bank Nifty Future VIX Range: 11805 - 12317
Bank Nifty Future VWAP: 12176.69
MP Values Bank Nifty Future: VAH - 12264, POC - 12197, VAL - 12130

TARGET BANKNIFTY
Buy BankNifty Future above 12197 - 12280 - 12390 - 12560 SL - 12167
Sell BankNifty Future below 12092 - 12010 - 11895 - 11720 SL - 12180

INTRADAY TRADE
Reliance: Buy above 885 for targets of 889, 896 SL 879
Reliance: Sell below 875 for targets of 871, 864 SL 883
Bharatforge: Buy above 316 for targets of 319, 324 SL 312
Sslt: Buy above 193 for targets of 194.5, 197 SL 190

SCORE SHEET
BankIndia: Buy above 221 for targets of 223, 228 SL 217: Call not Active
CoalIndia: Buy above 290 for targets of 293, 297 SL 286: Call not Active

POSITIONAL TRADE
Orientbank: Buy above 227 for target of 236 SL 224 (2-3 Days)
Mercator: Buy above 17.30 for target of 18.50 SL 16.80 (1 Week)

Thanks and Regards

MarketPulse S&P