Market outlook for 09/04/2014

Nifty closed up 0.70 points (0.01%) at 6695.05 while Nifty Future closed at 6736.70, premium of 41.65 points.
Bank Nifty closed down 45.25 points (0.36%) at 12506.45 while Future closed at 12614.35, premium of 107.90 points.

• FII bought in Cash (Net buy 703.71 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 758.02 Crore)
• DII sold huge in Cash (Net sell 1081.36 Crore)
• Most Active Nifty Call Option: 6700 and 6800.
• Most Active Nifty Put Options: 6700 and 6600.
• Advance Decline for the day was 778:703.
• McClellan's oscillator for NSE at +49.

NIFTY TECHNICAL

Current Spot: 6695.05
Pivot: 6690
5DEMA: 6703
10DEMA: 6673
20DEMA: 6594
50DEMA: 6431
RSI (14 days): 70.76
Parabolic SAR: 6774
Supports: 6655 - 6615 - 6581
Resistance: 6730 - 6765 - 6805

Nifty Future VIX Range: 6693 - 6781
Nifty Future VWAP: 6727.28
MP Values Nifty Future: VAH - 6736, POC - 6713, VAL - 6701

TARGET NIFTY
Buy Nifty Future above 6742 - 6765 - 6795 - 6830 SL - 6727
Sell Nifty Future below 6724 - 6706 - 6675 - 6650 SL - 6738

BANKNIFTY TECHNICAL

Current Spot: 12551.70
Pivot: 12520
5DEMA: 12565
10DEMA: 12516
20DEMA: 12265
50DEMA: 11691
RSI (14 days): 64.86
Parabolic SAR: 12830
Supports: 12426 - 12345 - 12250
Resistance: 12601 - 12696 - 12777

Bank Nifty Future VIX Range: 12429 - 12767
Bank Nifty Future VWAP: 12609.60
MP Values Bank Nifty Future: VAH - 12628, POC - 12583, VAL - 12538

TARGET BANKNIFTY
Buy BankNifty Future above 12629 - 12705 - 12810 - 12910 SL - 12598
Sell BankNifty Future below 12595 - 12525 - 12430 - 12330 SL - 12628

INTRADAY TRADE
Ambujacem: Buy above 211 for targets of 213, 217 SL 207
Nbcc: Buy above 184.5 for targets of 186, 189 SL 182

SCORE SHEET
Beml: Buy above 338 for targets of 342, 350 SL 333: SL Hit
CenturyTex: Buy above 376 for targets of 380, 387 SL 370: Target 379.95 done

POSITIONAL TRADE
Amtekauto: Buy above 173 for target of 185 SL 169 (2-3 Days)
Nocil: Buy above 18.1 for target of 20 SL 17.6 (1 Week)

Thanks and Regards

MarketPulse S&P