Market outlook for 02/04/2014

Nifty closed up 16.85 points (0.25%) at 6721.05 while Nifty Future closed at 6756.25, premium of 3.45 points.
Bank Nifty closed down 153.55 points (1.21%) at 12588.50 while Future closed at 12659.50, premium of 8.70 points.

• FII bought in Cash (Net buy 385.66 Crore)
• FII bought in index future, index option and in stock future (Net buy 247.85 Crore)
• DII sold in Cash (Net sell 247.88 Crore)
• Most Active Nifty Call Option: 6800 and 6900.
• Most Active Nifty Put Options: 6700 and 6600.
• Advance Decline for the day was 845:610.
• McClellan's oscillator for NSE at +53.

NIFTY TECHNICAL

Current Spot: 6721.05
Pivot: 6710
5DEMA: 6675
10DEMA: 6621
20DEMA: 6533
50DEMA: 6393
RSI (14 days): 79.54
Parabolic SAR: 6639
Supports: 6687 - 6653 - 6630
Resistance: 6744 - 6766 - 6801

Nifty Future VIX Range: 6713 - 6809
Nifty Future VWAP: 6737.92
MP Values Nifty Future: VAH - 6749, POC - 6736, VAL - 6723

TARGET NIFTY
Buy Nifty Future above 6761 - 6775 - 6800 - 6835 SL - 6736
Sell Nifty Future below 6733 - 6720 - 6690 - 6660 SL - 6749

BANKNIFTY TECHNICAL

Current Spot: 12588.50
Pivot: 12635
5DEMA: 12603
10DEMA: 12450
20DEMA: 12113
50DEMA: 11565
RSI (14 days): 71.52
Parabolic SAR: 12869
Supports: 12464 - 12339 - 12167
Resistance: 12760 - 12931 - 13056

Bank Nifty Future VIX Range: 12493 - 12863
Bank Nifty Future VWAP: 12710.65
MP Values Bank Nifty Future: VAH - 12843, POC - 12760, VAL - 12677

TARGET BANKNIFTY
Buy BankNifty Future above 12715 - 12825 - 12950 - 13100 SL - 12677
Sell BankNifty Future below 12641 - 12530 - 12400 - 12240 SL - 12712

INTRADAY TRADE
Tatamtrdvr: Buy above 213 for targets of 216, 222 SL 209
Arvind: Buy above 180 for targets of 182, 186 SL 176

SCORE SHEET
Jetairways: Buy above 250 for targets of 253, 261 SL 245: SL done
Godrejprop: Buy above 215 for targets of 218, 226 SL 211: Target 219.50 done

POSITIONAL TRADE
Hexaware: Buy above 160 for target of 168 SL 156 (2-3 Days)
Gvkpil: Buy above 11.6 for target of 13 SL 11.3 (1 Week)

Thanks and Regards

MarketPulse S&P