Market outlook for 13/09/2013

Nifty closed down 62.45 points (1.06%) at 5850.70 while Nifty Future closed at 5860.45, premium of 9.75 points.
Bank Nifty closed down 210.55 points (2.03%) at 10158.55 while Future closed at 10173.50, a premium of 14.95 points.

• FII bought in Cash (Net buy 930.54 Crore)
• FII sold in index future, index option, stock future (Net sell 1412.34 Crore)
• DII sold in Cash (Net sell 395.49 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 5800 and 5700.
• Advance Decline for the day was 639:693.
• McClellan's oscillator for NSE at +77.

NIFTY TECHNICAL

Current Spot: 5850.70
Pivot: 5866
5DEMA: 5782
10DEMA: 5675
20DEMA: 5616
50DEMA: 5655
RSI (14 days): 60.02
Parabolic SAR: 5394
Supports: 5800 - 5750- 5684
Resistance: 5917 - 5982 - 6033

Nifty Future VIX Range: 5753 - 5982
Nifty Future VWAP: 5883.09
MP Values Nifty Future: VAH - 5923, POC - 5890, VAL - 5857

TARGET NIFTY
Buy Nifty Future above 5890 - 5925 - 5980 - 6040 SL - 5857
Sell Nifty Future below 5854 - 5820 - 5765 - 5700 SL - 5883

BANKNIFTY TECHNICAL

Current Spot: 10158.55
Pivot: 10196
5DEMA: 9993
10DEMA: 9723
20DEMA: 9643
50DEMA: 10094
RSI (14 days): 57.06
Parabolic SAR: 8737
Supports: 10034 - 9909 - 9746
Resistance: 10321 - 10483 - 10608

Bank Nifty Future VIX Range: 9857 - 10493
Bank Nifty Future VWAP: 10218.96
MP Values Bank Nifty Future: VAH - 10294, POC - 10220, VAL - 10146

TARGET BANKNIFTY
Buy BankNifty Future above 10225 - 10345 - 10540 - 10660 SL - 10195
Sell BankNifty Future below 10158 - 10040 - 9900 - 9730 SL - 10222

INTRADAY TRADE
Reliance: Buy above 887 for targets of 893, 905 SL 880
Reliance: Sell below 874 for targets of 867, 858 SL 885
Orientbank: Buy above 164 for targets of 166, 171 SL 162
Itc: Buy above 338 for targets of 340, 344 SL 334

SCORE SHEET
TataSteel: Buy above 318 for targets of 322, 329 SL 313: Call not active
BankIndia: Buy above 168 for targets of 170, 174 SL 162: Target 172.00 done

POSITIONAL TRADE
Finantech: Buy above 220 for target of 245 SL 214 (2-3 Days)
DishTV: Buy above 45.5 for target of 48 SL 45 (1 Week)

Thanks and Regards

MarketPulse S&P