Market outlook for 11/09/2013

Nifty closed up 216.35 points (3.81%) at 5896.75 while Nifty Future closed at 5907.15, premium of 10.40 points.
Bank Nifty closed up 226.85 points (2.28%) at 10188.25 while Future closed at 10192.15, a premium of 3.90 points.

• FII bought huge in Cash (Net buy 2563.60 Crore)
• FII bought in index future but sold in index option, stock future (Net buy 1771.55 Crore)
• DII sold in Cash (Net sell 1398.05 Crore)
• Most Active Nifty Call Option: 5900 and 6000.
• Most Active Nifty Put Options: 5700 and 5600.
• Advance Decline for the day was 956:394.
• McClellan's oscillator for NSE at +79.

NIFTY TECHNICAL

Current Spot: 5896.75
Pivot: 5847
5DEMA: 5665
10DEMA: 5557
20DEMA: 5557
50DEMA: 5645
RSI (14 days): 62.57
Parabolic SAR: 5253
Supports: 5788 - 5680- 5622
Resistance: 5955 - 6013 - 6122

Nifty Future VIX Range: 5785 - 6026
Nifty Future VWAP: 5854.71
MP Values Nifty Future: VAH - 5892, POC - 5849, VAL - 5806

TARGET NIFTY
Buy Nifty Future above 5912 - 5950 - 6000 - 6080 SL - 5854
Sell Nifty Future below 5849 - 5815 - 5765 - 5685 SL - 5892

BANKNIFTY TECHNICAL

Current Spot: 10188.25
Pivot: 10192
5DEMA: 9682
10DEMA: 9462
20DEMA: 9507
50DEMA: 10102
RSI (14 days): 58.62
Parabolic SAR: 8475
Supports: 10080 - 9971 - 9859
Resistance: 10301 - 10413 - 10522

Bank Nifty Future VIX Range: 9826 - 10484
Bank Nifty Future VWAP: 10222.07
MP Values Bank Nifty Future: VAH - 10272, POC - 10230, VAL - 10188

TARGET BANKNIFTY
Buy BankNifty Future above 10230 - 10295 - 10400 - 10490 SL - 10188
Sell BankNifty Future below 10177 - 10110 - 10030 - 9920 SL - 10227

INTRADAY TRADE
Reliance: Buy above 893 for targets of 898, 908 SL 881
Reliance: Sell below 879 for targets of 873, 858 SL 886
Lichsgfin: Buy above 186.5 for targets of 188.5, 192.5 SL 183
Itc: Buy above 338 for targets of 342, 350 SL 332

SCORE SHEET
LT: Buy above 755 for targets of 763, 773 SL 747: Target 810.65 done
Hdfc: Buy above 763 for targets of 770, 780 SL 754: Target 816.80 done

POSITIONAL TRADE
Tatamtrdvr: Buy above 168 for target of 175 SL 163 (2-3 Days)
Arvindrem: Buy above 50 for target of 55 SL 49 (1 Week)

Thanks and Regards

MarketPulse S&P