Market outlook for 11/03/2014

Nifty closed up 10.60 points (0.16%) at 6537.25 while Nifty Future closed at 6567.55, premium of 30.30 points.
Bank Nifty closed up 223.35 points (1.88%) at 12108.10 while Future closed at 12151.15, premium of 43.05 points.

• FII bought huge in Cash (Net buy 1253.65 Crore)
• FII sold in index future, stock future and in index option (Net sell 1530.78 Crore)
• DII sold in Cash (Net sell 1044.82 Crore)
• Most Active Nifty Call Option: 6600 and 6700.
• Most Active Nifty Put Options: 6500 and 6400.
• Advance Decline for the day was 797:678.
• McClellan's oscillator for NSE at +42.

NIFTY TECHNICAL

Current Spot: 6537.25
Pivot: 6529
5DEMA: 6436
10DEMA: 6349
20DEMA: 6265
50DEMA: 6223
RSI (14 days): 74.88
Parabolic SAR: 6301
Supports: 6496 - 6454 - 6421
Resistance: 6571 - 6604 - 6645

Nifty Future VIX Range: 6507 - 6625
Nifty Future VWAP: 6557.17
MP Values Nifty Future: VAH - 6568, POC - 6549, VAL - 6530

TARGET NIFTY
Buy Nifty Future above 6571 - 6585 - 6615 - 6650 SL - 6549
Sell Nifty Future below 6548 - 6530 - 6505 - 6480 SL - 6568

BANKNIFTY TECHNICAL

Current Spot: 12108.10
Pivot: 12017
5DEMA: 11569
10DEMA: 11224
20DEMA: 10939
50DEMA: 10904
RSI (14 days): 78.98
Parabolic SAR: 11095
Supports: 11876 - 11644 - 11502
Resistance: 12249 - 12390 - 12623

Bank Nifty Future VIX Range: 11924 - 12388
Bank Nifty Future VWAP: 12077.86
MP Values Bank Nifty Future: VAH - 12136, POC - 12056, VAL - 11976

TARGET BANKNIFTY
Buy BankNifty Future above 12160 - 12250 - 12410 - 11600 SL - 12051
Sell BankNifty Future below 12037 - 11930 - 11800 - 10620 SL - 12136

INTRADAY TRADE
Lichsgfin: Buy above 233 for targets of 236, 240 SL 228
Crompgreav: Buy above 153 for targets of 155, 159 SL 150

SCORE SHEET
Reliance: Buy above 874 for targets of 881, 895 SL 854: Target 903.65 done
Yesbank: Buy above 378 for targets of 383, 391 SL 372: Target 389.50 done

POSITIONAL TRADE
Adanient: Buy above 320 for target of 340 SL 314 (2-3 Days)
Idfc: Buy above 112.3 for target of 118 SL 110 (1 Week)

Thanks and Regards

MarketPulse S&P