Market outlook for 21/03/2014

Nifty closed down 40.95 points (0.63%) at 6483.10 while Nifty Future closed at 6502.55, premium of 19.45 points.
Bank Nifty closed down 169.30 points (1.39%) at 12017.25 while Future closed at 12066.80, premium of 49.55 points.

• FII bought in Cash (Net buy 722.02 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 848.01 Crore)
• DII sold in Cash (Net sell 563.29 Crore)
• Most Active Nifty Call Option: 6500 and 6600.
• Most Active Nifty Put Options: 6500 and 6400.
• Advance Decline for the day was 585:884.
• McClellan's oscillator for NSE at +03.

NIFTY TECHNICAL

Current Spot: 6483.10
Pivot: 6493
5DEMA: 6500
10DEMA: 6467
20DEMA: 6387
50DEMA: 6291
RSI (14 days): 65.01
Parabolic SAR: 6473
Supports: 6463 - 6443 - 6413
Resistance: 6513 - 6544 - 6564

Nifty Future VIX Range: 6457 - 6556
Nifty Future VWAP: 6518.09
MP Values Nifty Future: VAH - 6546, POC - 6526, VAL - 6506

TARGET NIFTY
Buy Nifty Future above 6519 - 6535 - 6560 - 6590 SL - 6506
Sell Nifty Future below 6493 - 6480 - 6455 - 6425 SL - 6517

BANKNIFTY TECHNICAL

Current Spot: 12017.25
Pivot: 12056
5DEMA: 12056
10DEMA: 11875
20DEMA: 11516
50DEMA: 11156
RSI (14 days): 69.16
Parabolic SAR: 11990
Supports: 11951 - 11885 - 11781
Resistance: 12122 - 12227 - 12293

Bank Nifty Future VIX Range: 11886 - 12274
Bank Nifty Future VWAP: 12111.88
MP Values Bank Nifty Future: VAH - 12136, POC - 12080, VAL - 12040

TARGET BANKNIFTY
Buy BankNifty Future above 12115 - 12170 - 12265 - 11360 SL - 12080
Sell BankNifty Future below 12049 - 12000 - 11930 - 11820 SL - 12113

INTRADAY TRADE
Mcdowell-n: Buy above 2628 for targets of 2650, 2685 SL 2600
Nucleus: Buy above 227 for targets of 229, 235 SL 224

SCORE SHEET
Den: Buy above 177 for targets of 180, 186 SL 173: Target 178.40 done
RelInfra: Buy above 418 for targets of 422, 427 SL 414: Call not active

POSITIONAL TRADE
Polaris: Buy above 206 for target of 218 SL 199 (2-3 Days)
Alembicltd: Buy above 16 for target of 17.5 SL 15.5 (1 Week)

Thanks and Regards

MarketPulse S&P