Market outlook for 13/10/10

Nifty closed down 44.95 points (0.73%) at 6090.90 whilst Nifty October Future closed at 6118.65 premium of 27.75 points.
Bank Nifty closed down 51.20 points (0.41%) at 12513.00 whilst October Future closed at 12510.35 premium of 48.55 points.

• FII bought in Cash (Net buy 455.73 Crore)
• FII sold in index future and stock future, bought in index option (Net sell 600.05 Crore)
• DII sold in Cash (Net sell 454.52 Crore)
• US market is trading flat to negative.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty October Call Option: 6100 and 6200.
• Most Active Nifty October Put Options: 6100 and 6000.
• Advance Decline for the day was 454:900

NIFTY TECHNICAL

Current Spot: 6090.90
Pivot: 6098
5DEMA: 6114
10DEMA: 6094
20DEMA: 6008
50DEMA: 5799
RSI (7 days): 54.18
Parabolic SAR: 6040
Supports: 6051 - 6011
Resistance: 6138 - 6185

Nifty Future VWAP: 6110.27
Bank Nifty Future VWAP: 12481.00
MP Values Spot: VAH - 6102, POC - 6084, VAL - 6065
MP Values Futures: VAH - 6126 POC - 6121, VAL - 6105
MP Values Bank Nifty Futures: VAH - 12500, POC - 12470, VAL - 12455

TARGET NIFTY
Buy Nifty Future above 6123 - 6148 - 6181 - 6215 SL - 6114
Sell Nifty Future below 6108 - 6087 - 6053 - 6020 SL - 6120

INTRADAY TRADE
Reliance Industries: Buy above 1062 for targets of 1065, 1074, 1085 SL 1054
Reliance Industries: Sell below 1050 for targets of 1047, 1040, 1031 SL 1060
KPIT: Buy above 178 for targets of 181, 186 SL 171
KRBL: Buy above 44 for targets of 45, 46.5 SL 43

SCORE SHEET
Uflex: Buy above 257 for targets of 262, 268 SL 248: Target 265.7 achieved
GeoDesic: Buy above 115 for targets of 117, 120 SL 111: Target 119.4 achieved

POSITIONAL TRADE
Sreinfra: Buy above 110.5 for target of 116 SL 108 (One Week)
Bang: Buy above 53 for target of 63 SL 49 (One Month)

Use strict STOP LOSS in each and every trade in this kind of volatile market and Trade at your own risk.

Thanks and Regards

S&P Wealth Creators