Sunday, April 20, 2014

Market outlook for 21/04/2014

Nifty closed up 104.10 points (1.56%) at 6779.40 while Future closed at 6799.95, premium of 20.55 points.
Bank Nifty closed up 224.10 points (1.78%) at 12787.25 while Future closed at 12828.60, premium of 41.35 points.
  • FII bought in Cash (Net buy 433.40 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 888.17 Crore)
  • DII sold in Cash (Net sell 122.75 Crore)
  • Most Active Nifty Call Option: 6700 and 6800.
  • Most Active Nifty Put Options: 6800 and 6700.
  • Advance Decline for the day was 1037:458.
  • McClellan's oscillator for NSE at +29.
NIFTY TECHNICAL
Current Spot: 6779.40
Pivot: 6749
5DEMA: 6744
10DEMA: 6728
20DEMA: 6667
50DEMA: 6511
RSI (14 days): 65.53
Parabolic SAR: 6816
Supports: 6715 - 6650 - 6616
Resistance: 6814 - 6848 - 6912
Nifty Future VIX Range: 6747 - 6852
Nifty Future VWAP: 6763.34
MP Values Nifty Future: VAH - 6803, POC - 6794, VAL - 6740

TARGET NIFTY
Buy Nifty Future above 6804 - 6830 - 6860 - 6915 SL - 6763
Sell Nifty Future below 6760 - 6737 - 6695 - 6645 SL - 6795

BANKNIFTY TECHNICAL
Current Spot: 12787.25
Pivot: 12707
5DEMA: 12710
10DEMA: 12676
20DEMA: 12488
50DEMA: 11919
RSI (14 days): 63.11
Parabolic SAR: 12515
Supports: 12595 - 12403 - 12291
Resistance: 12899 - 13011 - 13204
Bank Nifty Future VIX Range: 12645 - 13025
Bank Nifty Future VWAP: 12725.62
MP Values Bank Nifty Future: VAH - 12741, POC - 12662, VAL - 12583

TARGET BANKNIFTY
Buy BankNifty Future above 12838 - 12930 - 13040 - 13200 SL - 12740
Sell BankNifty Future below 12735 - 12640 - 12550 - 12380 SL - 12761

INTRADAY TRADE
Apollotyre: Buy above 174 for targets of 176, 181 SL 169
Crompgreav: Buy above 191 for targets of 194, 200 SL 186

SCORE SHEET
Sksmicro: Buy above 252 for targets of 255, 260 SL 249: Target 274.70 done
Adaniports: Buy above 196 for targets of 198, 204 SL 193: Target 203.40 done

POSITIONAL TRADE
Arvind: Buy above 193 for target of 202 SL 188 (2-3 Days)
Hcc: Buy above 19.2 for target of 21.0 SL 18.8 (1 Week)

Thanks and Regards

MarketPulse S&P

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