Market outlook for 18/03/2014

Nifty closed up 11.10 points (0.17%) at 6504.20 while Nifty Future closed at 6538.85, premium of 34.65 points.
Bank Nifty closed down 85.60 points (0.71%) at 12055.85 while Future closed at 12128.80, premium of 72.95 points.

• FII bought in Cash (Net buy 982.19 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 155.42 Crore)
• DII sold in Cash (Net sell 866.42 Crore)
• Most Active Nifty Call Option: 6500 and 6600.
• Most Active Nifty Put Options: 6500 and 6400.
• Advance Decline for the day was 596:881.
• McClellan's oscillator for NSE at +04.

NIFTY TECHNICAL

Current Spot: 6504.20
Pivot: 6485
5DEMA: 6491
10DEMA: 6435
20DEMA: 6344
50DEMA: 6252
RSI (14 days): 70.10
Parabolic SAR: 6433
Supports: 6452 - 6399 - 6366
Resistance: 6538 - 6571 - 6623

Nifty Future VIX Range: 6485 - 6591
Nifty Future VWAP: 6499.61
MP Values Nifty Future: VAH - 6520, POC - 6491, VAL - 6462

TARGET NIFTY
Buy Nifty Future above 6541 - 6565 - 6595 - 6650 SL - 6515
Sell Nifty Future below 6508 - 6590 - 6440 - 6405 SL - 6538

BANKNIFTY TECHNICAL

Current Spot: 12055.85
Pivot: 12004
5DEMA: 11973
10DEMA: 11691
20DEMA: 11310
50DEMA: 11041
RSI (14 days): 74.19
Parabolic SAR: 11806
Supports: 11919 - 11781 - 11696
Resistance: 12142 - 12227 - 12364

Bank Nifty Future VIX Range: 11922 - 12337
Bank Nifty Future VWAP: 12033.88
MP Values Bank Nifty Future: VAH - 12070, POC - 11981, VAL - 11931

TARGET BANKNIFTY
Buy BankNifty Future above 12135 - 12215 - 12310 - 11440 SL - 12068
Sell BankNifty Future below 12057 - 11985 - 11845 - 10750 SL - 12116

INTRADAY TRADE
Idfc: Buy above 114.50 for targets of 116, 119 SL 112
Dlf: Buy above 175 for targets of 177, 181 SL 171

SCORE SHEET
Ceatltd: Buy above 407 for targets of 411, 419 SL 403: Call not active
StcIndia: Buy above 173 for targets of 175, 181 SL 169: Target 176.00 done

POSITIONAL TRADE
Crompgreav: Buy above 149 for target of 157 SL 145 (2-3 Days)
Ifci: Buy above 25 for target of 26.5 SL 24.2 (1 Week)

Thanks and Regards

MarketPulse S&P