Market outlook for 06/09/2013

Nifty closed up 144.85 points (2.66%) at 5592.95 while Nifty Future closed at 5607.15, premium of 14.20 points.
Bank Nifty closed up 836.65 points (9.46%) at 9682.40 while Future closed at 9720.40, a premium of 38.00 points.

• FII bought in Cash (Net buy 1101.41 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 577.29 Crore)
• DII sold in Cash (Net sell 492.82 Crore)
• Most Active Nifty Call Option: 5700 and 5800.
• Most Active Nifty Put Options: 5500 and 5400.
• Advance Decline for the day was 922:394.
• McClellan's oscillator for NSE at +57.

NIFTY TECHNICAL

Current Spot: 5592.95
Pivot: 5590
5DEMA: 5483
10DEMA: 5464
20DEMA: 5505
50DEMA: 5637
RSI (14 days): 52.05
Parabolic SAR: 5165
Supports: 5555 - 5517- 5482
Resistance: 5628 - 5664 - 5701

Nifty Future VIX Range: 5493 - 5709
Nifty Future VWAP: 5601.40
MP Values Nifty Future: VAH - 5620, POC - 5602, VAL - 5584

TARGET NIFTY
Buy Nifty Future above 5611 - 5645 - 5690 - 5735 SL - 5595
Sell Nifty Future below 5584 - 5560 - 5515 - 5470 SL - 5603

BANKNIFTY TECHNICAL

Current Spot: 9682.40
Pivot: 8547
5DEMA: 9162
10DEMA: 9153
20DEMA: 9380
50DEMA: 10121
RSI (14 days): 51.65
Parabolic SAR: 8367
Supports: 9389 - 9096 - 8938
Resistance: 9840 - 9998 - 10291

Bank Nifty Future VIX Range: 9399 - 10045
Bank Nifty Future VWAP: 9584.96
MP Values Bank Nifty Future: VAH - 9667, POC - 9578, VAL - 9489

TARGET BANKNIFTY
Buy BankNifty Future above 9728 - 9900 - 10080 - 10380 SL - 9575
Sell BankNifty Future below 9555 - 9395 - 9055 - 8880 SL - 9580

INTRADAY TRADE
Reliance: Buy above 865 for targets of 870, 878 SL 859
Reliance: Sell below 857 for targets of 852, 845 SL 863
Lichsgfin: Buy above 168 for targets of 170, 173 SL 165.5
CoalIndia: Buy above 287 for targets of 290, 297 SL 283

SCORE SHEET
Jetairways: Buy above 331 for targets of 334, 340 SL 327: Target 338.45 done
Cmahendra: Buy above 185.5 for targets of 187, 190 SL 183: Target 188.40 done

POSITIONAL TRADE
JswSteel: Buy above 568 for target of 585 SL 561 (2-3 Days)
Ifci: Buy above 20.5 for target of 22 SL 20.2 (1 Week)

Thanks and Regards

MarketPulse S&P