Market outlook for 14/03/2014

Nifty closed down 23.80 points (0.37%) at 6493.10 while Nifty Future closed at 6519.60, premium of 26.50 points.
Bank Nifty closed up 117.35 points (0.98%) at 12141.45 while Future closed at 12196.20, premium of 54.75 points.

• FII bought in Cash (Net buy 616.62 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 1182.54 Crore)
• DII sold in Cash (Net sell 314.40 Crore)
• Most Active Nifty Call Option: 6600 and 6700.
• Most Active Nifty Put Options: 6500 and 6400.
• Advance Decline for the day was 608:850.
• McClellan's oscillator for NSE at +14.

NIFTY TECHNICAL

Current Spot: 6493.10
Pivot: 6510
5DEMA: 6484
10DEMA: 6420
20DEMA: 6327
50DEMA: 6243
RSI (14 days): 69.44
Parabolic SAR: 6429
Supports: 6459 - 6426 - 6375
Resistance: 6544 - 6595 - 6629

Nifty Future VIX Range: 6467 - 6575
Nifty Future VWAP: 6554.06
MP Values Nifty Future: VAH - 6588, POC - 6578, VAL - 6533

TARGET NIFTY
Buy Nifty Future above 6539 - 6560 - 6590 - 6635 SL - 6532
Sell Nifty Future below 6514 - 6590 - 6460 - 6415 SL - 6538

BANKNIFTY TECHNICAL

Current Spot: 12141.45
Pivot: 12171
5DEMA: 11931
10DEMA: 11609
20DEMA: 11232
50DEMA: 10999
RSI (14 days): 77.64
Parabolic SAR: 11680
Supports: 12033 - 11924 - 11787
Resistance: 12279 - 12417 - 12526

Bank Nifty Future VIX Range: 11976 - 12404
Bank Nifty Future VWAP: 12280.63
MP Values Bank Nifty Future: VAH - 12366, POC - 12313, VAL - 12228

TARGET BANKNIFTY
Buy BankNifty Future above 12240 - 12335 - 12450 - 11600 SL - 12190
Sell BankNifty Future below 12184 - 12090 - 11975 - 10830 SL - 12236

INTRADAY TRADE
Ceatltd: Buy above 407 for targets of 411, 419 SL 403
StcIndia: Buy above 173 for targets of 175, 181 SL 169

SCORE SHEET
Den: Buy above 156 for targets of 158, 164 SL 153: Target 162.80 done
Jktyre: Buy above 161 for targets of 163, 168 SL 158: Target 167.50 done

POSITIONAL TRADE
Ratnamani: Buy above 205 for target of 215 SL 197 (2-3 Days)
Bajajhind: Buy above 15.8 for target of 18 SL 15.2 (1 Week)

Thanks and Regards

MarketPulse S&P