Market outlook for 04/04/2014

Nifty closed down 16.45 points (0.24%) at 6736.10 while Nifty Future closed at 6768.45, premium of 32.35 points.
Bank Nifty closed down 151.45 points (1.19%) at 12563.85 while Future closed at 12662.15, premium of 98.30 points.

• FII bought in Cash (Net buy 717.39 Crore)
• FII sold in index future, stock future but bought in index option (Net buy 1374.00 Crore)
• DII sold in Cash (Net sell 717.39 Crore)
• Most Active Nifty Call Option: 6800 and 6900.
• Most Active Nifty Put Options: 6700 and 6600.
• Advance Decline for the day was 652:833.
• McClellan's oscillator for NSE at +52.

NIFTY TECHNICAL

Current Spot: 6736.10
Pivot: 6737
5DEMA: 6713
10DEMA: 6662
20DEMA: 6571
50DEMA: 6413
RSI (14 days): 78.17
Parabolic SAR: 6686
Supports: 6696 - 6657 - 6617
Resistance: 6776 - 6816 - 6856

Nifty Future VIX Range: 6728 - 6821
Nifty Future VWAP: 6762.72
MP Values Nifty Future: VAH - 6772, POC - 6756, VAL - 6740

TARGET NIFTY
Buy Nifty Future above 6774 - 6795 - 6825 - 6855 SL - 6756
Sell Nifty Future below 6755 - 6740 - 6710 - 6680 SL - 6772

BANKNIFTY TECHNICAL

Current Spot: 12563.85
Pivot: 12612
5DEMA: 12615
10DEMA: 12510
20DEMA: 12207
50DEMA: 11633
RSI (14 days): 67.26
Parabolic SAR: 12855
Supports: 12470 - 12375 - 12233
Resistance: 12706 - 12849 - 12943

Bank Nifty Future VIX Range: 12474 - 12836
Bank Nifty Future VWAP: 12672.66
MP Values Bank Nifty Future: VAH - 12724, POC - 12679, VAL - 12634

TARGET BANKNIFTY
Buy BankNifty Future above 12724 - 12785 - 12900 - 13000 SL - 12679
Sell BankNifty Future below 12643 - 12575 - 12480 - 12350 SL - 12707

INTRADAY TRADE
Mahseamles: Buy above 228 for targets of 231, 236 SL 223
Upl: Buy above 201 for targets of 203, 207 SL 198

SCORE SHEET
BankBaroda: Buy above 780 for targets of 787, 800 SL 769: Call not active
Voltas: Buy above 164 for targets of 166, 169 SL 161: Target 166.00 done

POSITIONAL TRADE
Apollotyre: Buy above 168 for target of 178 SL 164 (2-3 Days)
Jppower: Buy above 15.6 for target of 17 SL 15.2 (1 Week)

Thanks and Regards

MarketPulse S&P