Market outlook for 17/04/2014

Nifty closed down 57.80 points (0.86%) at 6675.30 while Nifty Future closed at 6697.30, premium of 22.00 points.
Bank Nifty closed down 16.75 points (0.13%) at 12563.15 while Future closed at 12603.85, premium of 40.70 points.

• FII sold in Cash (Net sell 44.69 Crore)
• FII sold in stock future but bought in index future, index option (Net sell 10.80 Crore)
• DII sold in Cash (Net sell 347.70 Crore)
• Most Active Nifty Call Option: 6700 and 6800.
• Most Active Nifty Put Options: 6700 and 6600.
• Advance Decline for the day was 474:1023.
• McClellan's oscillator for NSE at +13.

NIFTY TECHNICAL

Current Spot: 6675.30
Pivot: 6696
5DEMA: 6727
10DEMA: 6717
20DEMA: 6655
50DEMA: 6501
RSI (14 days): 57.31
Parabolic SAR: 6819
Supports: 6644 - 6613 - 6561
Resistance: 6728 - 6780 - 6811

Nifty Future VIX Range: 6647 - 6741
Nifty Future VWAP: 6729.16
MP Values Nifty Future: VAH - 6745, POC - 6716, VAL - 6691

TARGET NIFTY
Buy Nifty Future above 6729 - 6750 - 6790 - 6835 SL - 6716
Sell Nifty Future below 6687 - 6667 - 6635 - 6585 SL - 6727

BANKNIFTY TECHNICAL

Current Spot: 12563.15
Pivot: 12602
5DEMA: 12671
10DEMA: 12651
20DEMA: 12457
50DEMA: 11891
RSI (14 days): 58.02
Parabolic SAR: 12514
Supports: 12476 - 12389 - 12264
Resistance: 12689 - 12814 - 12901

Bank Nifty Future VIX Range: 12426 - 12795
Bank Nifty Future VWAP: 12656.46
MP Values Bank Nifty Future: VAH - 12691, POC - 12615, VAL - 12555

TARGET BANKNIFTY
Buy BankNifty Future above 12656 - 12725 - 12840 - 12940 SL - 12615
Sell BankNifty Future below 12585 - 12520 - 12430 - 12310 SL - 12651

INTRADAY TRADE
Sksmicro: Buy above 252 for targets of 255, 260 SL 249
Adaniports: Buy above 196 for targets of 198, 204 SL 193

SCORE SHEET
Ibulhsgfin: Buy above 288 for targets of 291, 297 SL 284: SL Hit
Wipro: Buy above 592 for targets of 597, 605 SL 585: Call not Active

POSITIONAL TRADE
Jindalpoly: Buy above 159 for target of 171 SL 153 (2-3 Days)
Ricoauto: Buy above 14.0 for target of 15.5 SL 13.7 (1 Week)

Thanks and Regards

MarketPulse S&P