Market outlook for 07/04/2014

Nifty closed down 41.75 points (0.62%) at 6694.35 while Nifty Future closed at 6744.20, premium of 49.85 points.
Bank Nifty closed down 12.15 points (0.10%) at 12551.70 while Future closed at 12659.80, premium of 108.10 points.

• FII bought in Cash (Net buy 232.46 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 929.45 Crore)
• DII sold huge in Cash (Net sell 1125.06 Crore)
• Most Active Nifty Call Option: 6800 and 6900.
• Most Active Nifty Put Options: 6700 and 6600.
• Advance Decline for the day was 892:592.
• McClellan's oscillator for NSE at +55.

NIFTY TECHNICAL

Current Spot: 6694.35
Pivot: 6707
5DEMA: 6706
10DEMA: 6668
20DEMA: 6583
50DEMA: 6422
RSI (14 days): 70.60
Parabolic SAR: 6777
Supports: 6672 - 6650 - 6616
Resistance: 6729 - 6764 - 6786

Nifty Future VIX Range: 6701 - 6791
Nifty Future VWAP: 6749.83
MP Values Nifty Future: VAH - 6758, POC - 6749, VAL - 6740

TARGET NIFTY
Buy Nifty Future above 6758 - 6766 - 6785 - 6805 SL - 6740
Sell Nifty Future below 6735 - 6726 - 6710 - 6685 SL - 6754

BANKNIFTY TECHNICAL

Current Spot: 12551.70
Pivot: 12546
5DEMA: 12594
10DEMA: 12518
20DEMA: 12240
50DEMA: 11658
RSI (14 days): 66.86
Parabolic SAR: 12847
Supports: 12436 - 12321 - 12211
Resistance: 12662 - 12772 - 12888

Bank Nifty Future VIX Range: 12490 - 12840
Bank Nifty Future VWAP: 12632.95
MP Values Bank Nifty Future: VAH - 12739, POC - 12663, VAL - 12587

TARGET BANKNIFTY
Buy BankNifty Future above 12669 - 12765 - 12870 - 13000 SL - 12625
Sell BankNifty Future below 12621 - 12535 - 12420 - 12300 SL - 12663

INTRADAY TRADE
Beml: Buy above 338 for targets of 342, 350 SL 333
CenturyTex: Buy above 376 for targets of 380, 387 SL 370

SCORE SHEET
Mahseamles: Buy above 228 for targets of 231, 236 SL 223: Target 235 done
Upl: Buy above 201 for targets of 203, 207 SL 198: Target 207.00 done

POSITIONAL TRADE
Adanient: Buy above 373 for target of 385 SL 364 (2-3 Days)
Bajajhind: Buy above 19.8 for target of 22 SL 19.2 (1 Week)

Thanks and Regards

MarketPulse S&P