Market outlook for 01/04/2014

Nifty closed up 8.30 points (0.12%) at 6704.20 while Nifty Future closed at 6739.65, premium of 35.45 points.
Bank Nifty closed down 12.65 points (0.10%) at 12742.05 while Future closed at 12824.75, premium of 82.70 points.

• FII bought in Cash (Net buy 942.86 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 169.75 Crore)
• DII sold in Cash (Net sell 611.22 Crore)
• Most Active Nifty Call Option: 6700 and 6800.
• Most Active Nifty Put Options: 6700 and 6600.
• Advance Decline for the day was 1036:439.
• McClellan's oscillator for NSE at +52.

NIFTY TECHNICAL

Current Spot: 6704.20
Pivot: 6699
5DEMA: 6652
10DEMA: 6599
20DEMA: 6514
50DEMA: 6379
RSI (14 days): 78.76
Parabolic SAR: 6615
Supports: 6668 - 6631 - 6600
Resistance: 6735 - 6767 - 6803

Nifty Future VIX Range: 6697 - 6796
Nifty Future VWAP: 6738.43
MP Values Nifty Future: VAH - 6758, POC - 6741, VAL - 6724

TARGET NIFTY
Buy Nifty Future above 6744 - 6765 - 6790 - 6820 SL - 6724
Sell Nifty Future below 6723 - 6705 - 6680 - 6655 SL - 6742

BANKNIFTY TECHNICAL

Current Spot: 12742.05
Pivot: 12757
5DEMA: 12610
10DEMA: 12420
20DEMA: 12063
50DEMA: 11523
RSI (14 days): 78.90
Parabolic SAR: 12512
Supports: 12645 - 12548 - 12436
Resistance: 12854 - 12966 - 13064

Bank Nifty Future VIX Range: 12622 - 12998
Bank Nifty Future VWAP: 12842.63
MP Values Bank Nifty Future: VAH - 12906, POC - 12848, VAL - 12790

TARGET BANKNIFTY
Buy BankNifty Future above 12849 - 12925 - 13035 - 13120 SL - 12810
Sell BankNifty Future below 12806 - 12745 - 12650 - 12540 SL - 12848

INTRADAY TRADE
Jetairways: Buy above 250 for targets of 253, 261 SL 245
Godrejprop: Buy above 215 for targets of 218, 226 SL 211

SCORE SHEET
Pfc: Buy above 195 for targets of 197, 201 SL 190.5: Target 199.00 done
Orientbank: Buy above 224 for targets of 227, 236 SL 219: Target 229.85 done

POSITIONAL TRADE
Adanient: Buy above 370 for target of 381 SL 365 (2-3 Days)
Strtech: Buy above 23.2 for target of 25 SL 22.7 (1 Week)

Thanks and Regards

MarketPulse S&P