Market outlook for 03/09/2013

Nifty closed up 78.95 points (1.44%) at 5550.75 while Nifty Future closed at 5554.60, premium of 3.85 points.
Bank Nifty closed up 90.30 points (1.00%) at 9139.50 while Future closed at 9189.00, a premium of 49.50 points.

• FII bought in Cash (Net buy 475.92 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 996.42 Crore)
• DII sold in Cash (Net sell 285.81 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5400 and 5300.
• Advance Decline for the day was 896:409.
• McClellan's oscillator for NSE at +44.

NIFTY TECHNICAL

Current Spot: 5550.75
Pivot: 5532
5DEMA: 5456
10DEMA: 5453
20DEMA: 5518
50DEMA: 5660
RSI (14 days): 49.28
Parabolic SAR: 5119
Supports: 5498 - 5445- 5412
Resistance: 5584 - 5618 - 5670

Nifty Future VIX Range: 5464 - 5646
Nifty Future VWAP: 5529.60
MP Values Nifty Future: VAH - 5567, POC - 5547, VAL – 5514

TARGET NIFTY
Buy Nifty Future above 5567 - 5585 - 5615 - 5660 SL - 5543
Sell Nifty Future below 5529 - 5510 - 5480 - 5435 SL - 5451

BANKNIFTY TECHNICAL

Current Spot: 9139.50
Pivot: 9153
5DEMA: 9062
10DEMA: 9170
20DEMA: 9479
50DEMA: 10263
RSI (14 days): 37.40
Parabolic SAR: 9260
Supports: 9073 - 9006 - 8926
Resistance: 9220 - 9300 - 9367

Bank Nifty Future VIX Range: 8983 - 9407
Bank Nifty Future VWAP: 9199.82
MP Values Bank Nifty Future: VAH - 9235, POC - 9193, VAL - 9151

TARGET BANKNIFTY
Buy BankNifty Future above 9196 - 9285 - 9390 - 9500 SL - 9177
Sell BankNifty Future below 9151 - 9080 - 8985 - 8880 SL - 9194

INTRADAY TRADE
Reliance: Buy above 889 for targets of 896, 911 SL 877
Reliance: Sell below 873 for targets of 866, 851 SL 879
TataSteel: Buy above 291 for targets of 294, 300 SL 284
Indusindbk: Buy above 383 for targets of 387, 395 SL 377

SCORE SHEET
Titan: Buy above 225 for targets of 228, 233 SL 222: Target 232.00 done
Hdfcbank: Buy above 596 for targets of 602, 612 SL 587: Target 604.35 done

POSITIONAL TRADE
Mcdowell-n: Buy above 2275 for target of 2350 SL 2250 (2-3 Days)
Jpassociat: Buy above 36.5 for target of 40 SL 35.2 (1 Week)

Thanks and Regards

MarketPulse S&P