Sunday, March 9, 2014

Market outlook for 10/03/2014

Nifty closed up 125.50 points (1.96%) at 6526.65 while Nifty Future closed at 6549.70, premium of 23.05 points.
Bank Nifty closed up 606.40 points (5.38%) at 11884.75 while Future closed at 11932.25, premium of 47.50 points.
  • FII bought huge in Cash (Net buy 2577.44 Crore)
  • FII bought in index future, stock future and in index option (Net buy 3811.95 Crore)
  • DII sold in Cash (Net sell 669.58 Crore)
  • Most Active Nifty Call Option: 6500 and 6600.
  • Most Active Nifty Put Options: 6400 and 6300.
  • Advance Decline for the day was 715:757.
  • McClellan's oscillator for NSE at +41.
NIFTY TECHNICAL
Current Spot: 6526.65
Pivot: 6493
5DEMA: 6386
10DEMA: 6305
20DEMA: 6236
50DEMA: 6213
RSI (14 days): 74.41
Parabolic SAR: 6235
Supports: 6448 - 6368 - 6323
Resistance: 6572 - 6617 - 6696
Nifty Future VIX Range: 6487 - 6608
Nifty Future VWAP: 6505.01
MP Values Nifty Future: VAH – 6529, POC – 6494, VAL - 6459

TARGET NIFTY
Buy Nifty Future above 6555 - 6580 - 6620 - 6665 SL - 6514
Sell Nifty Future below 6505 - 6480 - 6440 - 6395 SL - 6529

BANKNIFTY TECHNICAL
Current Spot: 11884.75
Pivot: 11722
5DEMA: 11299
10DEMA: 11027
20DEMA: 10816
50DEMA: 10874
RSI (14 days): 76.55
Parabolic SAR: 10829
Supports: 11496 - 11107 - 10881
Resistance: 12111 - 12337 - 12726
Bank Nifty Future VIX Range: 11720 - 12178
Bank Nifty Future VWAP: 11768.38
MP Values Bank Nifty Future: VAH - 11991, POC - 11902, VAL - 11643

TARGET BANKNIFTY
Buy BankNifty Future above 11941 - 12050 - 12210 - 11400 SL - 11749
Sell BankNifty Future below 11737 - 11630 - 11500 - 10320 SL - 11902

INTRADAY TRADE
Reliance: Buy above 874 for targets of 881, 895 SL 854
Yesbank: Buy above 378 for targets of 383, 391 SL 372

SCORE SHEET
Yesbank: Buy above 348 for targets of 351, 357 SL 343: Target 378.90 done
RelInfra: Buy above 402 for targets of 406, 416 SL 395: Target 490.40 done

POSITIONAL TRADE
Adanient: Buy above 306 for target of 330 SL 299 (2-3 Days)
GmrInfra: Buy above 22.2 for target of 24.0 SL 21.8 (1 Week)

Thanks and Regards

MarketPulse S&P

0 comments:

Post a Comment

Please leave your comments here...