Market outlook for 12/09/2013

Nifty closed up 16.40 points (0.28%) at 5913.15 while Nifty Future closed at 5939.65, premium of 26.50 points.
Bank Nifty closed up 180.85 points (1.78%) at 10369.10 while Future closed at 10409.50, a premium of 40.40 points.

• FII bought in Cash (Net buy 586.50 Crore)
• FII sold in index future, index option, stock future (Net sell 839.70 Crore)
• DII sold in Cash (Net sell 386.12 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 861:478.
• McClellan's oscillator for NSE at +87.

NIFTY TECHNICAL

Current Spot: 5913.15
Pivot: 5890
5DEMA: 5748
10DEMA: 5636
20DEMA: 5591
50DEMA: 5649
RSI (14 days): 63.15
Parabolic SAR: 5321
Supports: 5856 - 5798- 5764
Resistance: 5947 - 5982 - 6039

Nifty Future VIX Range: 5815 - 6051
Nifty Future VWAP: 5901.13
MP Values Nifty Future: VAH - 5920, POC - 5894, VAL - 5868

TARGET NIFTY
Buy Nifty Future above 5944 - 5970 - 6010 - 6070 SL - 5912
Sell Nifty Future below 5906 - 5880 - 5825 - 5780 SL - 5921

BANKNIFTY TECHNICAL

Current Spot: 10369.10
Pivot: 10253
5DEMA: 9911
10DEMA: 9627
20DEMA: 9588
50DEMA: 10092
RSI (14 days): 60.99
Parabolic SAR: 8591
Supports: 10097 - 9824 - 9668
Resistance: 10525 - 10682 - 10954

Bank Nifty Future VIX Range: 10052 - 10710
Bank Nifty Future VWAP: 10229.92
MP Values Bank Nifty Future: VAH - 10340, POC - 10208, VAL - 10076

TARGET BANKNIFTY
Buy BankNifty Future above 10417 - 10525 - 10650 - 10920 SL - 10288
Sell BankNifty Future below 10278 - 10170 - 10050 - 9860 SL - 10340

INTRADAY TRADE
Reliance: Buy above 890 for targets of 896, 907 SL 883
Reliance: Sell below 880 for targets of 874, 865 SL 887
TataSteel: Buy above 318 for targets of 322, 329 SL 313
BankIndia: Buy above 168 for targets of 170, 174 SL 162

SCORE SHEET
Lichsgfin: Buy above 186.5 for targets of 188.5, 192.5 SL 183: Target 191.45 done
Itc: Buy above 338 for targets of 342, 350 SL 332: Call not active

POSITIONAL TRADE
UcoBank: Buy above 59.5 for target of 64 SL 57 (2-3 Days)
Vipind: Buy above 51 for target of 55 SL 49.5 (1 Week)

Thanks and Regards

MarketPulse S&P