Market outlook for 05/09/2013

Nifty closed up 106.65 points (2.00%) at 5448.10 while Nifty Future closed at 5458.05, premium of 9.95 points.
Bank Nifty closed up 181.55 points (2.10%) at 8845.75 while Future closed at 8899.15, a premium of 53.40 points.

• FII bought in Cash (Net buy 172.53 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 780.65 Crore)
• DII sold in Cash (Net sell 222.36 Crore)
• Most Active Nifty Call Option: 5600 and 5700.
• Most Active Nifty Put Options: 5300 and 5200.
• Advance Decline for the day was 841:475.
• McClellan's oscillator for NSE at +37.

NIFTY TECHNICAL

Current Spot: 5448.10
Pivot: 5409
5DEMA: 5428
10DEMA: 5435
20DEMA: 5496
50DEMA: 5638
RSI (14 days): 45.70
Parabolic SAR: 5146
Supports: 5358 - 5268- 5217
Resistance: 5499 - 5550 - 5641

Nifty Future VIX Range: 5359 - 5537
Nifty Future VWAP: 5422.86
MP Values Nifty Future: VAH - 5472, POC - 5438, VAL - 5397

TARGET NIFTY
Buy Nifty Future above 5462 - 5490 - 5555 - 5620 SL - 5419
Sell Nifty Future below 5409 - 5380 - 5315 - 5250 SL - 5438

BANKNIFTY TECHNICAL

Current Spot: 8845.75
Pivot: 8789
5DEMA: 8901
10DEMA: 9036
20DEMA: 9348
50DEMA: 10138
RSI (14 days): 35.51
Parabolic SAR: 9221
Supports: 8662 - 8478 - 8351
Resistance: 8973 - 9100 - 9284

Bank Nifty Future VIX Range: 8673 - 9137
Bank Nifty Future VWAP: 8839.50
MP Values Bank Nifty Future: VAH - 8884, POC - 8791, VAL - 8698

TARGET BANKNIFTY
Buy BankNifty Future above 8906 - 9025 - 9170 - 9400 SL - 8790
Sell BankNifty Future below 8776 - 8650 - 8505 - 8250 SL - 8794

INTRADAY TRADE
Reliance: Buy above 852 for targets of 860, 878 SL 846
Reliance: Sell below 845 for targets of 836, 820 SL 851
Jetairways: Buy above 331 for targets of 334, 340 SL 327
Cmahendra: Buy above 185.5 for targets of 187, 190 SL 183

SCORE SHEET
Lupin: Buy above 844 for targets of 850, 860 SL 832: Target 881.00 done
Cairn: Buy above 325 for targets of 329, 335 SL 322: Target 337.00 done

POSITIONAL TRADE
Bhel: Buy above 128 for target of 135 SL 124.5 (2-3 Days)
Suven: Buy above 45.5 for target of 50 SL 42.5 (1 Week)

Thanks and Regards

MarketPulse S&P