Market outlook for 04/03/2014

Nifty closed down 55.50 points (0.88%) at 6221.45 while Nifty Future closed at 6239.45, premium of 18.00 points.
Bank Nifty closed down 112.75 points (1.05%) at 10651.95 while Future closed at 10657.45, premium of 5.50 points.

• FII bought in Cash (Net buy 198.53 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 1105.02 Crore)
• DII bought in Cash (Net buy 1566.31 Crore)
• Most Active Nifty Call Option: 6300 and 6400.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 578:859.
• McClellan's oscillator for NSE at +04.

NIFTY TECHNICAL

Current Spot: 6221.45
Pivot: 6237
5DEMA: 6218
10DEMA: 6183
20DEMA: 6156
50DEMA: 6167
RSI (14 days): 56.73
Parabolic SAR: 6060
Supports: 6197 - 6172 - 6131
Resistance: 6262 - 6303 - 6328

Nifty Future VIX Range: 6188 - 6283
Nifty Future VWAP: 6257.48
MP Values Nifty Future: VAH – 6269, POC – 6241, VAL - 6229

TARGET NIFTY
Buy Nifty Future above 6258 - 6279 - 6315 - 6350 SL - 6240
Sell Nifty Future below 6229 - 6210 - 6180 - 6155 SL - 6254

BANKNIFTY TECHNICAL

Current Spot: 10651.95
Pivot: 10700
5DEMA: 10669
10DEMA: 10598
20DEMA: 10558
50DEMA: 10720
RSI (14 days): 52.66
Parabolic SAR: 10254
Supports: 10565 - 10477 - 10341
Resistance: 10788 - 10924 - 11011

Bank Nifty Future VIX Range: 10503 - 10777
Bank Nifty Future VWAP: 10727.40
MP Values Bank Nifty Future: VAH - 10827, POC - 10744, VAL - 10661

TARGET BANKNIFTY
Buy BankNifty Future above 10727 - 10825 - 10910 - 11020 SL - 10660
Sell BankNifty Future below 10640 - 10550 - 10470 - 10350 SL - 10726

INTRADAY TRADE
TataSponge: Buy above 480 for targets of 485, 497 SL 473
Sobha: Buy above 321 for targets of 325, 333 SL 315

SCORE SHEET
BankIndia: Buy above 172 for targets of 174, 177 SL 168: Target 173.90 done
Crompgreav: Buy above 129 for targets of 131, 133 SL 126: Target 130.25 done

POSITIONAL TRADE
Mpsltd: Buy above 417 for target of 439 SL 403 (2-3 Days)
Mercator: Buy above 18.3 for target of 19.5 SL 17.8 (1 Week)

Thanks and Regards

MarketPulse S&P