Market outlook for 26/03/2014

Nifty closed up 6.25 points (0.09%) at 6589.75 while Nifty Future closed at 6605.95, premium of 16.20 points.
Bank Nifty closed up 41.85 points (0.34%) at 12450.00 while Future closed at 12486.85, premium of 36.85 points.

• FII bought huge in Cash (Net buy 1223.28 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 552.77 Crore)
• DII sold in Cash (Net sell 544.40 Crore)
• Most Active Nifty Call Option: 6600 and 6700.
• Most Active Nifty Put Options: 6600 and 6500.
• Advance Decline for the day was 661:820.
• McClellan's oscillator for NSE at +13.

NIFTY TECHNICAL

Current Spot: 6589.75
Pivot: 6577
5DEMA: 6547
10DEMA: 6513
20DEMA: 6439
50DEMA: 6328
RSI (14 days): 72.46
Parabolic SAR: 6504
Supports: 6558 - 6526 - 6507
Resistance: 6609 - 6627 - 6659

Nifty Future VIX Range: 6558 - 6656
Nifty Future VWAP: 6598.26
MP Values Nifty Future: VAH - 6602, POC - 6594, VAL - 6586

TARGET NIFTY
Buy Nifty Future above 6611 - 6625 - 6545 - 6670 SL - 6594
Sell Nifty Future below 6591 - 6580 - 6570 - 6545 SL - 6603

BANKNIFTY TECHNICAL

Current Spot: 12450.00
Pivot: 12456
5DEMA: 12272
10DEMA: 12105
20DEMA: 11766
50DEMA: 11327
RSI (14 days): 75.53
Parabolic SAR: 12135
Supports: 12388 - 12327 - 12259
Resistance: 12518 - 12585 - 12647

Bank Nifty Future VIX Range: 12290 - 12698
Bank Nifty Future VWAP: 12494.33
MP Values Bank Nifty Future: VAH - 12525, POC - 12495, VAL - 12465

TARGET BANKNIFTY
Buy BankNifty Future above 12497 - 12565 - 12655 - 11740 SL - 12465
Sell BankNifty Future below 12463 - 12405 - 12320 - 12235 SL - 12496

INTRADAY TRADE
Bharatforg: Buy above 416 for targets of 420, 430 SL 411
Pfc: Buy above 187 for targets of 189, 193 SL 183

SCORE SHEET
YesBank: Buy above 381 for targets of 384, 390 SL 375: Target 383.90 done
Amtekauto: Buy above 153 for targets of 155, 160 SL 149: Target 157.00 done

POSITIONAL TRADE
Carerating: Buy above 766 for target of 785 SL 755 (2-3 Days)
Mercator: Buy above 23.5 for target of 25.5 SL 23.1 (1 Week)

Thanks and Regards

MarketPulse S&P