Market outlook for 27/03/2014

Nifty closed up 11.65 points (0.18%) at 6601.40 while Nifty Future closed at 6612.55, premium of 11.15 points.
Bank Nifty closed up 68.35 points (0.55%) at 12518.35 while Future closed at 12551.20, premium of 32.85 points.

• FII bought huge in Cash (Net buy 1004.52 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1145.32 Crore)
• DII sold in Cash (Net sell 356.11 Crore)
• Most Active Nifty Call Option: 6600 and 6700.
• Most Active Nifty Put Options: 6600 and 6500.
• Advance Decline for the day was 674:801.
• McClellan's oscillator for NSE at +08.

NIFTY TECHNICAL

Current Spot: 6601.40
Pivot: 6603
5DEMA: 6565
10DEMA: 6529
20DEMA: 6454
50DEMA: 6339
RSI (14 days): 73.20
Parabolic SAR: 6529
Supports: 6579 - 6556 - 6532
Resistance: 6626 - 6650 - 6673

Nifty Future VIX Range: 6567 - 6663
Nifty Future VWAP: 6619.10
MP Values Nifty Future: VAH - 6637, POC - 6626, VAL - 6606

TARGET NIFTY
Buy Nifty Future above 6619 - 6636 - 6555 - 6685 SL - 6605
Sell Nifty Future below 6603 - 6590 - 6570 - 6540 SL - 6617

BANKNIFTY TECHNICAL

Current Spot: 12518.35
Pivot: 12519
5DEMA: 12354
10DEMA: 12180
20DEMA: 11838
50DEMA: 11373
RSI (14 days): 76.49
Parabolic SAR: 12222
Supports: 12468 - 12418 - 12367
Resistance: 12570 - 12621 - 12671

Bank Nifty Future VIX Range: 12358 - 12744
Bank Nifty Future VWAP: 12552.63
MP Values Bank Nifty Future: VAH - 12576, POC - 12552, VAL - 12528

TARGET BANKNIFTY
Buy BankNifty Future above 12564 - 12600 - 12660 - 11710 SL - 12548
Sell BankNifty Future below 12528 - 12500 - 12450 - 12395 SL - 12561

INTRADAY TRADE
Arvind: Buy above 166 for targets of 168, 174 SL 163
Naukri: Buy above 646 for targets of 652, 666 SL 636

SCORE SHEET
Bharatforg: Buy above 416 for targets of 420, 430 SL 411: SL done
Pfc: Buy above 187 for targets of 189, 193 SL 183: Target 188.50 done

POSITIONAL TRADE
Gvkpil: Buy above 10.5 for target of 11 SL 10.3 (2-3 Days)
Ashokley: Buy above 23.5 for target of 26 SL 23.1 (1 Week)

Thanks and Regards

MarketPulse S&P