Market outlook for 02/09/2013

Nifty closed up 62.75 points (1.16%) at 5471.80 while Nifty Future closed at 5456.75, discount of 15.05 points.
Bank Nifty closed up 144.60 points (1.62%) at 9049.20 while Future closed at 9065.10, a premium of 15.90 points.

• FII sold in Cash (Net sell 78.85 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 1345.12 Crore)
• DII bought in Cash (Net buy 731.07 Crore)
• Most Active Nifty Call Option: 5500 and 5600.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 672:621.
• McClellan's oscillator for NSE at +22.

NIFTY TECHNICAL

Current Spot: 5471.80
Pivot: 5442
5DEMA: 5408
10DEMA: 5431
20DEMA: 5514
50DEMA: 5679
RSI (14 days): 44.76
Parabolic SAR: 5493
Supports: 5390 - 5309- 5257
Resistance: 5523 - 5575 - 5656

Nifty Future VIX Range: 5373 - 5551
Nifty Future VWAP: 5427.18
MP Values Nifty Future: VAH - 5460, POC - 5423, VAL – 5386

TARGET NIFTY
Buy Nifty Future above 5461 - 5505 - 5555 - 5620 SL - 5423
Sell Nifty Future below 5422 - 5385 - 5335 - 5270 SL - 5460

BANKNIFTY TECHNICAL

Current Spot: 9049.20
Pivot: 9010
5DEMA: 9023
10DEMA: 9176
20DEMA: 9515
50DEMA: 10341
RSI (14 days): 34.83
Parabolic SAR: 9359
Supports: 8885 - 8721 - 8596
Resistance: 9174 - 9299 - 9463

Bank Nifty Future VIX Range: 8876 - 9304
Bank Nifty Future VWAP: 9037.58
MP Values Bank Nifty Future: VAH - 9108, POC - 9029, VAL - 8950

TARGET BANKNIFTY
Buy BankNifty Future above 9072 - 9175 - 9300 - 9460 SL - 9028
Sell BankNifty Future below 9021 - 8830 - 8705 - 8565 SL - 9052

INTRADAY TRADE
Reliance: Buy above 856 for targets of 864, 877 SL 845
Reliance: Sell below 843 for targets of 837, 824 SL 850
Titan: Buy above 225 for targets of 228, 233 SL 222
Hdfcbank: Buy above 596 for targets of 602, 612 SL 587

SCORE SHEET
Hdfc: Buy above 700 for targets of 708, 721 SL 684: Target 733.25 done
SesaGoa: Buy above 193 for targets of 196, 205 SL 187: Call not active

POSITIONAL TRADE
Dabur: Buy above 164 for target of 170 SL 161 (2-3 Days)
Muthootfin: Buy above 124 for target of 135 SL 118 (1 Week)

Thanks and Regards

MarketPulse S&P