Market outlook for 12/03/2014

Nifty closed down 25.35 points (0.39%) at 6511.90 while Nifty Future closed at 6545.30, premium of 33.40 points.
Bank Nifty closed down 64.95 points (0.54%) at 12043.15 while Future closed at 12109.10, premium of 65.95 points.

• FII bought huge in Cash (Net buy 1471.23 Crore)
• FII sold in stock future, stock option but bought in index future, index option (Net sell 238.88 Crore)
• DII sold in Cash (Net sell 1331.73 Crore)
• Most Active Nifty Call Option: 6600 and 6700.
• Most Active Nifty Put Options: 6500 and 6400.
• Advance Decline for the day was 614:860.
• McClellan's oscillator for NSE at +30.

NIFTY TECHNICAL

Current Spot: 6511.90
Pivot: 6523
5DEMA: 6462
10DEMA: 6378
20DEMA: 6288
50DEMA: 6233
RSI (14 days): 71.85
Parabolic SAR: 6353
Supports: 6483 - 6454 - 6415
Resistance: 6552 - 6592 - 6620

Nifty Future VIX Range: 6494 - 6609
Nifty Future VWAP: 6550.18
MP Values Nifty Future: VAH - 6561, POC - 6542, VAL - 6524

TARGET NIFTY
Buy Nifty Future above 6557 - 6575 - 6610 - 6640 SL - 6542
Sell Nifty Future below 6535 - 6520 - 6490 - 6460 SL - 6555

BANKNIFTY TECHNICAL

Current Spot: 12043.15
Pivot: 12108
5DEMA: 11727
10DEMA: 11373
20DEMA: 11044
50DEMA: 10944
RSI (14 days): 76.63
Parabolic SAR: 11333
Supports: 11930 - 11817 - 11640
Resistance: 12221 - 12398 - 12511

Bank Nifty Future VIX Range: 11910 - 12360
Bank Nifty Future VWAP: 12162.17
MP Values Bank Nifty Future: VAH - 12297, POC - 12204, VAL - 12111

TARGET BANKNIFTY
Buy BankNifty Future above 12165 - 12255 - 12415 - 11560 SL - 12111
Sell BankNifty Future below 12091 - 12000 - 11890 - 10730 SL - 12163

INTRADAY TRADE
Gujratgas: Buy above 246 for targets of 249, 255 SL 241
Enginersin: Buy above 178 for targets of 181, 185 SL 175

SCORE SHEET
Lichsgfin: Buy above 233 for targets of 236, 240 SL 228: Target 241.70 done
Crompgreav: Buy above 153 for targets of 155, 159 SL 150: SL Hit

POSITIONAL TRADE
Libertshoe: Buy above 151 for target of 160 SL 144 (2-3 Days)
Hanung: Buy above 24 for target of 26 SL 23.6 (1 Week)

Thanks and Regards

MarketPulse S&P