Market outlook for 31/03/2014

Nifty closed up 54.15 points (0.82%) at 6695.90 while Nifty Future closed at 6728.65, premium of 32.75 points.
Bank Nifty closed up 149.75 points (1.19%) at 12754.70 while Future closed at 12834.65, premium of 79.95 points.

• FII bought huge in Cash (Net buy 1362.87 Crore)
• FII bought in index future, index option and in stock future (Net buy 1672.48 Crore)
• DII sold in Cash (Net sell 208.34 Crore)
• Most Active Nifty Call Option: 6700 and 6800.
• Most Active Nifty Put Options: 6700 and 6600.
• Advance Decline for the day was 1027:467.
• McClellan's oscillator for NSE at +36.

NIFTY TECHNICAL

Current Spot: 6695.90
Pivot: 6681
5DEMA: 6626
10DEMA: 6576
20DEMA: 6494
50DEMA: 6365
RSI (14 days): 78.43
Parabolic SAR: 6587
Supports: 6659 - 6622 - 6600
Resistance: 6718 - 6740 - 6777

Nifty Future VIX Range: 6685 - 6786
Nifty Future VWAP: 6710.94
MP Values Nifty Future: VAH - 6729, POC - 6715, VAL - 6701

TARGET NIFTY
Buy Nifty Future above 6734 - 6745 - 6760 - 6795 SL - 6713
Sell Nifty Future below 6706 - 6695 - 6680 - 6650 SL - 6729

BANKNIFTY TECHNICAL

Current Spot: 12754.70
Pivot: 12725
5DEMA: 12543
10DEMA: 12348
20DEMA: 11991
50DEMA: 11473
RSI (14 days): 79.60
Parabolic SAR: 12422
Supports: 12663 - 12571 - 12509
Resistance: 12817 - 12879 - 12971

Bank Nifty Future VIX Range: 12675 - 13065
Bank Nifty Future VWAP: 12790.44
MP Values Bank Nifty Future: VAH - 12838, POC - 12799, VAL - 12760

TARGET BANKNIFTY
Buy BankNifty Future above 12844 - 12895 - 12970 - 13060 SL - 12799
Sell BankNifty Future below 12789 - 12745 - 12650 - 12580 SL - 12838

INTRADAY TRADE
Pfc: Buy above 195 for targets of 197, 201 SL 190.5
Orientbank: Buy above 224 for targets of 227, 236 SL 219

SCORE SHEET
BankBaroda: Buy above 700 for targets of 706, 719 SL 692: Target 740.00 done
Gujfluoro: Buy above 324 for targets of 327, 336 SL 316: Target 331.90 done

POSITIONAL TRADE
Adaniports: Buy above 187 for target of 195 SL 184 (2-3 Days)
Nhpc: Buy above 19.7 for target of 21 SL 19.1 (1 Week)

Thanks and Regards

MarketPulse S&P