Market outlook for 14/10/10

Nifty closed up 143 points (2.35%) at 6233.90 whilst Nifty October Future closed at 6273.85 premium of 39.95 points.
Bank Nifty closed down 51.20 points (0.41%) at 12513.00 whilst October Future closed at 12822.10 premium of 77.10 points.

• FII bought in Cash (Net buy 2102.95 Crore)
• FII sold in index future, stock future and index option (Net sell 1316.74 Crore)
• DII sold in Cash (Net sell 1354.81 Crore)
• US market is trading in Green.
• Global cues are flat.
• SGX nifty is flat as of now.
• Most Active Nifty October Call Option: 6200 and 6300.
• Most Active Nifty October Put Options: 6200 and 6100.
• Advance Decline for the day was 962:401

NIFTY TECHNICAL

Current Spot: 6233.90
Pivot: 6188
5DEMA: 6154
10DEMA: 6120
20DEMA: 6030
50DEMA: 5817
RSI (7 days): 71.47
Parabolic SAR: 6052
Supports: 6136 - 6039
Resistance: 6286 - 6338

Nifty Future VWAP: 6211.72
Bank Nifty Future VWAP: 12688.38
MP Values Spot: VAH - 6228, POC - 6178, VAL - 6127
MP Values Futures: VAH - 6280 POC - 6278, VAL - 6215
MP Values Bank Nifty Futures: VAH - 12840, POC - 12820, VAL - 12664

TARGET NIFTY
Buy Nifty Future above 6279 - 6327 - 6384 - 6490 SL - 6221
Sell Nifty Future below 6215 - 6171 - 6065 - 6009 SL - 6228

INTRADAY TRADE
Reliance Industries: Buy above 1076 for targets of 1078, 1084, 1096 SL 1065
Reliance Industries: Sell below 1062 for targets of 1060, 1052, 1044 SL 1070
IDBI: Buy above 163 for targets of 165, 167 SL 160
Sreinfra: Buy above 111 for targets of 113, 115 SL 108

SCORE SHEET
KPIT: Buy above 178 for targets of 181, 186 SL 171: Target 182.3 achieved
KRBL: Buy above 44 for targets of 45, 46.5 SL 43: Target 45.2 achieved

POSITIONAL TRADE
UFlex: Buy above 292 for target of 319 SL 108 (Two Weeks)
Sujanatow: Buy above 143 for target of 160 SL 139 (One Week)

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