Market outlook for 22/04/2014

Nifty closed up 38.25 points (0.56%) at 6817.65 while Future closed at 6838.15, premium of 20.50 points.
Bank Nifty closed up 171.25 points (1.34%) at 12958.50 while Future closed at 12996.15, premium of 37.65 points.

• FII bought in Cash (Net buy 212.85 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 390.68 Crore)
• DII sold in Cash (Net sell 217.66 Crore)
• Most Active Nifty Call Option: 6800 and 6900.
• Most Active Nifty Put Options: 6800 and 6700.
• Advance Decline for the day was 1029:457.
• McClellan's oscillator for NSE at +42.

NIFTY TECHNICAL

Current Spot: 6817.65
Pivot: 6810
5DEMA: 6769
10DEMA: 6745
20DEMA: 6681
50DEMA: 6524
RSI (14 days): 67.88
Parabolic SAR: 6665
Supports: 6795 - 6771 - 6756
Resistance: 6833 - 6849 - 6872

Nifty Future VIX Range: 6775 - 6879
Nifty Future VWAP: 6823.44
MP Values Nifty Future: VAH - 6837, POC - 6815, VAL - 6803

TARGET NIFTY
Buy Nifty Future above 6843 - 6855 - 6875 - 6900 SL - 6823
Sell Nifty Future below 6819 - 6805 - 6785 - 6765 SL - 6837

BANKNIFTY TECHNICAL

Current Spot: 12958.50
Pivot: 12933
5DEMA: 12793
10DEMA: 12727
20DEMA: 12533
50DEMA: 11974
RSI (14 days): 66.29
Parabolic SAR: 12515
Supports: 12864 - 12769 - 12700
Resistance: 13028 - 13097 - 13192

Bank Nifty Future VIX Range: 12797 - 13179
Bank Nifty Future VWAP: 12942.24
MP Values Bank Nifty Future: VAH - 12977, POC - 12908, VAL - 12867

TARGET BANKNIFTY
Buy BankNifty Future above 13006 - 13070 - 13150 - 13260 SL - 12942
Sell BankNifty Future below 12941 - 12890 - 12780 - 12700 SL - 12978

INTRADAY TRADE
Libertshoe: Buy above 190 for targets of 193, 200 SL 186
Jktyre: Buy above 220 for targets of 223, 230 SL 216

SCORE SHEET
Apollotyre: Buy above 174 for targets of 176, 181 SL 169: Target 178.90 done
Crompgreav: Buy above 191 for targets of 194, 200 SL 186: Target 192.65 done

POSITIONAL TRADE
Granules: Buy above 299 for target of 317 SL 292 (2-3 Days)
Suzlon: Buy above 14.4 for target of 16.0 SL 14.0 (1 Week)

Thanks and Regards

MarketPulse S&P