Thursday, March 6, 2014

Market outlook for 07/03/2014

Nifty closed up 72.50 points (1.15%) at 6401.15 while Nifty Future closed at 6430.10, premium of 28.95 points.
Bank Nifty closed up 179.55 points (1.62%) at 11278.35 while Future closed at 11310.90, premium of 32.55 points.
  • FII bought in Cash (Net buy 1272.93 Crore)
  • FII bought in index future, stock future and in index option (Net buy 2628.48 Crore)
  • DII sold in Cash (Net sell 567.10 Crore)
  • Most Active Nifty Call Option: 6400 and 6500.
  • Most Active Nifty Put Options: 6300 and 6200.
  • Advance Decline for the day was 1015:462.
  • McClellan's oscillator for NSE at +47.
NIFTY TECHNICAL
Current Spot: 6401.15
Pivot: 6382
5DEMA: 6316
10DEMA: 6258
20DEMA: 6206
50DEMA: 6192
RSI (14 days): 68.78
Parabolic SAR: 6169
Supports: 6358 - 6316 - 6291
Resistance: 6425 - 6449 - 6492
Nifty Future VIX Range: 6378 - 6485
Nifty Future VWAP: 6400.19
MP Values Nifty Future: VAH – 6434, POC – 6411, VAL - 6388

TARGET NIFTY
Buy Nifty Future above 6435 - 6455 - 6480 - 6525 SL - 6407
Sell Nifty Future below 6399 - 6380 - 6355 - 6315 SL - 6412

BANKNIFTY TECHNICAL
Current Spot: 11278.35
Pivot: 11233
5DEMA: 11006
10DEMA: 10837
20DEMA: 10703
50DEMA: 10803
RSI (14 days): 67.96
Parabolic SAR: 10583
Supports: 11163 - 11047 - 10977
Resistance: 11349 - 11419 - 11535
Bank Nifty Future VIX Range: 11139 - 11465
Bank Nifty Future VWAP: 11234.53
MP Values Bank Nifty Future: VAH - 11338, POC - 11290, VAL - 11199

TARGET BANKNIFTY
Buy BankNifty Future above 11319 - 11390 - 11480 - 11600 SL - 11246
Sell BankNifty Future below 11235 - 11170 - 11050 - 10950 SL - 11290

INTRADAY TRADE
Yesbank: Buy above 348 for targets of 351, 357 SL 343
RelInfra: Buy above 402 for targets of 406, 416 SL 395

SCORE SHEET
Ceatltd: Buy above 326 for targets of 329, 335 SL 321: Target 340.40 done
BankBaroda: Buy above 616 for targets of 621, 630 SL 608: Target 623.00 done

POSITIONAL TRADE
Dlf: Buy above 153 for target of 160 SL 149 (2-3 Days)
Ifci: Buy above 24.0 for target of 25.5 SL 23.5 (1 Week)

Thanks and Regards

MarketPulse S&P

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