Monday, March 24, 2014

Market outlook for 25/03/2014

Nifty closed up 88.60 points (1.36%) at 6583.50 while Nifty Future closed at 6598.85, premium of 15.35 points.
Bank Nifty closed up 332.35 points (2.75%) at 12408.15 while Future closed at 12455.30, premium of 47.15 points.
  • FII bought huge in Cash (Net buy 1465.62 Crore)
  • FII bought in index future but sold in stock future, index option (Net buy 59.40 Crore)
  • DII sold in Cash (Net sell 770.39 Crore)
  • Most Active Nifty Call Option: 6500 and 6600.
  • Most Active Nifty Put Options: 6600 and 6500.
  • Advance Decline for the day was 708:766.
  • McClellan's oscillator for NSE at +20.
NIFTY TECHNICAL
Current Spot: 6583.50
Pivot: 6562
5DEMA: 6526
10DEMA: 6496
20DEMA: 6423
50DEMA: 6317
RSI (14 days): 72.14
Parabolic SAR: 6481
Supports: 6532 - 6481 - 6451
Resistance: 6613 - 6643 - 6694
Nifty Future VIX Range: 6547 - 6648
Nifty Future VWAP: 6590.76
MP Values Nifty Future: VAH - 6609, POC - 6595, VAL - 6573

TARGET NIFTY
Buy Nifty Future above 6604 - 6625 - 6550 - 6690 SL - 6573
Sell Nifty Future below 6571 - 6555 - 6530 - 6485 SL - 6595

BANKNIFTY TECHNICAL
Current Spot: 12408.15
Pivot: 12322
5DEMA: 12183
10DEMA: 12028
20DEMA: 11694
50DEMA: 11276
RSI (14 days): 75.02
Parabolic SAR: 12062
Supports: 12221 - 12034 - 11933
Resistance: 12509 - 12610 - 12798
Bank Nifty Future VIX Range: 12265 - 12671
Bank Nifty Future VWAP: 12391.33
MP Values Bank Nifty Future: VAH - 12417, POC - 12313, VAL - 12209

TARGET BANKNIFTY
Buy BankNifty Future above 12465 - 12560 - 12670 - 11800 SL - 12352
Sell BankNifty Future below 12340 - 12255 - 12140 - 12000 SL - 12392

INTRADAY TRADE
YesBank: Buy above 381 for targets of 384, 390 SL 375
Amtekauto: Buy above 153 for targets of 155, 160 SL 149

SCORE SHEET
Adanient: Buy above 327 for targets of 330, 335 SL 322: Target 331.80 done
Dlf: Buy above 171.5 for targets of 173, 176 SL 169: Target 174.85 done

POSITIONAL TRADE
Enginersin: Buy above 201 for target of 212 SL 196 (2-3 Days)
Zeemedia: Buy above 14.2 for target of 15.5 SL 13.9 (1 Week)

Thanks and Regards

MarketPulse S&P

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