Market outlook for 04/09/2013

Nifty closed down 209.30 points (3.77%) at 5341.45 while Nifty Future closed at 5344.55, premium of 3.10 points.
Bank Nifty closed down 475.30 points (5.20%) at 8664.20 while Future closed at 8689.40, a premium of 25.20 points.

• FII sold in Cash (Net sell 716.16 Crore)
• FII sold in index future but bought in stock future, index option (Net sell 602.23 Crore)
• DII bought in Cash (Net buy 596.43 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 344:951.
• McClellan's oscillator for NSE at +20.

NIFTY TECHNICAL

Current Spot: 5341.45
Pivot: 5415
5DEMA: 5418
10DEMA: 5432
20DEMA: 5501
50DEMA: 5648
RSI (14 days): 40.22
Parabolic SAR: 5128
Supports: 5250 - 5158- 4993
Resistance: 5507 - 5673 - 5764

Nifty Future VIX Range: 5231 - 5428
Nifty Future VWAP: 5432.10
MP Values Nifty Future: VAH - 5464, POC - 5394, VAL - 5325

TARGET NIFTY
Buy Nifty Future above 5417 - 5485 - 5595 - 5720 SL - 5394
Sell Nifty Future below 5337 - 5260 - 5170 - 5035 SL - 5416

BANKNIFTY TECHNICAL

Current Spot: 8664.20
Pivot: 8837
5DEMA: 8929
10DEMA: 9078
20DEMA: 9401
50DEMA: 10201
RSI (14 days): 30.82
Parabolic SAR: 9234
Supports: 8453 - 8241 - 7857
Resistance: 9048 - 9432 - 9644

Bank Nifty Future VIX Range: 8448 - 8902
Bank Nifty Future VWAP: 9914.18
MP Values Bank Nifty Future: VAH - 9149, POC - 8939, VAL - 8729

TARGET BANKNIFTY
Buy BankNifty Future above 8869 - 9005 - 9190 - 9450 SL - 8839
Sell BankNifty Future below 8676 - 8550 - 8375 - 8150 SL - 8866

INTRADAY TRADE
Reliance: Buy above 854 for targets of 865, 885 SL 848
Reliance: Sell below 834 for targets of 825, 805 SL 852
Lupin: Buy above 844 for targets of 850, 860 SL 832
Cairn: Buy above 325 for targets of 329, 335 SL 322

SCORE SHEET
TataSteel: Buy above 291 for targets of 294, 300 SL 284: Target 295.35 done
Indusindbk: Buy above 383 for targets of 387, 395 SL 377: Call not active

POSITIONAL TRADE
Ajantpharm: Buy above 880 for target of 912 SL 869 (2-3 Days)
Prestige: Buy above 119 for target of 126 SL 117 (1 Week)

Thanks and Regards

MarketPulse S&P