Market outlook for 28/03/2014

Nifty closed up 40.35 points (0.61%) at 6641.75 while Nifty Future closed at 6683.00, premium of 11.15 points.
Bank Nifty closed up 86.60 points (0.69%) at 12604.95 while Future closed at 12727.55, premium of 32.85 points.

• FII bought huge in Cash (Net buy 2191.93 Crore)
• FII bought in index future, index option and in stock future (Net buy 2163.14 Crore)
• DII sold in Cash (Net sell 591.83 Crore)
• Most Active Nifty Call Option: 6700 and 6800.
• Most Active Nifty Put Options: 6600 and 6500.
• Advance Decline for the day was 891:590.
• McClellan's oscillator for NSE at +19.

NIFTY TECHNICAL

Current Spot: 6641.75
Pivot: 6638
5DEMA: 6591
10DEMA: 6549
20DEMA: 6472
50DEMA: 6353
RSI (14 days): 75.54
Parabolic SAR: 6558
Supports: 6603 - 6564 - 6528
Resistance: 6677 - 6713 - 6752

Nifty Future VIX Range: 6642 - 6736
Nifty Future VWAP: 6691.43
MP Values Nifty Future: VAH - 6706, POC - 6692, VAL - 6678

TARGET NIFTY
Buy Nifty Future above 6692 - 6710 - 6735 - 6765 SL - 6678
Sell Nifty Future below 6673 - 6660 - 6635 - 6605 SL - 6692

BANKNIFTY TECHNICAL

Current Spot: 12604.95
Pivot: 12629
5DEMA: 12438
10DEMA: 12257
20DEMA: 11911
50DEMA: 11427
RSI (14 days): 77.61
Parabolic SAR: 12331
Supports: 12490 - 12374 - 12235
Resistance: 12744 - 12883 - 12998

Bank Nifty Future VIX Range: 12526 - 12906
Bank Nifty Future VWAP: 12755.02
MP Values Bank Nifty Future: VAH - 12831, POC - 12772, VAL - 12713

TARGET BANKNIFTY
Buy BankNifty Future above 12747 - 12840 - 12960 - 13080 SL - 12713
Sell BankNifty Future below 12708 - 12620 - 12500 - 12375 SL - 12744

INTRADAY TRADE
BankBaroda: Buy above 700 for targets of 706, 719 SL 692
Gujfluoro: Buy above 324 for targets of 327, 336 SL 316

SCORE SHEET
Arvind: Buy above 166 for targets of 168, 174 SL 163: Target 170.90 done
Naukri: Buy above 646 for targets of 652, 666 SL 636: Target 653.65 done

POSITIONAL TRADE
Selan: Buy above 522 for target of 545 SL 507 (2-3 Days)
Jpinfratec: Buy above 19.5 for target of 21 SL 19.1 (1 Week)

Thanks and Regards

MarketPulse S&P