Market outlook for 19/03/2014

Nifty closed up 12.45 points (0.19%) at 6516.65 while Nifty Future closed at 6547.50, premium of 30.85 points.
Bank Nifty closed up 59.00 points (0.49%) at 12114.85 while Future closed at 12180.80, premium of 65.95 points.

• FII bought huge in Cash (Net buy 1011.95 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 336.09 Crore)
• DII sold in Cash (Net sell 201.97 Crore)
• Most Active Nifty Call Option: 6600 and 6700.
• Most Active Nifty Put Options: 6500 and 6400.
• Advance Decline for the day was 854:626.
• McClellan's oscillator for NSE at +13.

NIFTY TECHNICAL

Current Spot: 6516.65
Pivot: 6530
5DEMA: 6500
10DEMA: 6450
20DEMA: 6361
50DEMA: 6268
RSI (14 days): 70.69
Parabolic SAR: 6433
Supports: 6485 - 6452 - 6407
Resistance: 6562 - 6607 - 6639

Nifty Future VIX Range: 6495 - 6598
Nifty Future VWAP: 6563.46
MP Values Nifty Future: VAH - 6600, POC - 6582, VAL - 6546

TARGET NIFTY
Buy Nifty Future above 6563 - 6585 - 6625 - 6670 SL - 6546
Sell Nifty Future below 6538 - 6520 - 6480 - 6435 SL - 6562

BANKNIFTY TECHNICAL

Current Spot: 12114.85
Pivot: 12145
5DEMA: 12020
10DEMA: 11768
20DEMA: 11387
50DEMA: 11082
RSI (14 days): 75.02
Parabolic SAR: 11867
Supports: 12022 - 11929 - 11805
Resistance: 12238 - 12362 - 12455

Bank Nifty Future VIX Range: 11965 - 12369
Bank Nifty Future VWAP: 12218.70
MP Values Bank Nifty Future: VAH - 12267, POC - 12189, VAL - 12111

TARGET BANKNIFTY
Buy BankNifty Future above 12219 - 12305 - 12410 - 11530 SL - 12189
Sell BankNifty Future below 12163 - 12085 - 11985 - 10850 SL - 12218

INTRADAY TRADE
Crompgreav: Buy above 156 for targets of 158, 163 SL 154
Havells: Buy above 866 for targets of 874, 888 SL 854

SCORE SHEET
Idfc: Buy above 114.50 for targets of 116, 119 SL 112: Target 116.00 done
Dlf: Buy above 175 for targets of 177, 181 SL 171: Target 179.00 done

POSITIONAL TRADE
Recltd: Buy above 218 for target of 225 SL 216 (2-3 Days)
Bajajhind: Buy above 15.6 for target of 17 SL 15.3 (1 Week)

Thanks and Regards

MarketPulse S&P