Market outlook for 03/04/2014

Nifty closed up 31.50 points (0.47%) at 6752.55 while Nifty Future closed at 6790.20, premium of 37.65 points.
Bank Nifty closed up 126.80 points (1.01%) at 12715.30 while Future closed at 12805.90, premium of 90.60 points.

• FII bought in Cash (Net buy 594.67 Crore)
• FII bought in index future, index option and in stock future (Net buy 1374.00 Crore)
• DII sold in Cash (Net sell 471.78 Crore)
• Most Active Nifty Call Option: 6800 and 6900.
• Most Active Nifty Put Options: 6700 and 6600.
• Advance Decline for the day was 1080:421.
• McClellan's oscillator for NSE at +68.

NIFTY TECHNICAL

Current Spot: 6752.55
Pivot: 6747
5DEMA: 6701
10DEMA: 6645
20DEMA: 6554
50DEMA: 6401
RSI (14 days): 81.38
Parabolic SAR: 6664
Supports: 6730 - 6707 - 6690
Resistance: 6770 - 6786 - 6809

Nifty Future VIX Range: 6749 - 6844
Nifty Future VWAP: 6774.04
MP Values Nifty Future: VAH - 6779, POC - 6770, VAL - 6761

TARGET NIFTY
Buy Nifty Future above 6795 - 6805 - 6820 - 6845 SL - 6777
Sell Nifty Future below 6770 - 6761 - 6740 - 6715 SL - 6785

BANKNIFTY TECHNICAL

Current Spot: 12715.30
Pivot: 12666
5DEMA: 12640
10DEMA: 12498
20DEMA: 12170
50DEMA: 11595
RSI (14 days): 73.87
Parabolic SAR: 12862
Supports: 12592 - 12468 - 12394
Resistance: 12790 - 12864 - 12987

Bank Nifty Future VIX Range: 12646 - 13016
Bank Nifty Future VWAP: 12707.87
MP Values Bank Nifty Future: VAH - 12777, POC - 12706, VAL - 12635

TARGET BANKNIFTY
Buy BankNifty Future above 12815 - 12885 - 12980 - 13120 SL - 12738
Sell BankNifty Future below 12724 - 12660 - 12530 - 12420 SL - 12777

INTRADAY TRADE
BankBaroda: Buy above 780 for targets of 787, 800 SL 769
Voltas: Buy above 164 for targets of 166, 169 SL 161

SCORE SHEET
Tatamtrdvr: Buy above 213 for targets of 216, 222 SL 209: Target 221.00 done
Arvind: Buy above 180 for targets of 182, 186 SL 176: Target 182.80 done

POSITIONAL TRADE
Polaris: Buy above 214 for target of 228 SL 209 (2-3 Days)
Alembicltd: Buy above 18.5 for target of 20 SL 18.3 (1 Week)

Thanks and Regards

MarketPulse S&P