Tuesday, April 22, 2014

Market outlook for 23/04/2014

Nifty closed down 2.30 points (0.03%) at 6815.35 while Future closed at 6829.60, premium of 14.25 points.
Bank Nifty closed up 28.60 points (0.22%) at 12987.10 while Future closed at 13001.85, premium of 14.75 points.
  • FII bought in Cash (Net buy 162.93 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 1027.45 Crore)
  • DII sold in Cash (Net sell 298.46 Crore)
  • Most Active Nifty Call Option: 6800 and 6900.
  • Most Active Nifty Put Options: 6800 and 6700.
  • Advance Decline for the day was 754:745.
  • McClellan's oscillator for NSE at +34.
NIFTY TECHNICAL
Current Spot: 6815.35
Pivot: 6820
5DEMA: 6784
10DEMA: 6758
20DEMA: 6694
50DEMA: 6537
RSI (14 days): 67.41
Parabolic SAR: 6669
Supports: 6802 - 6788 - 6770
Resistance: 6833 - 6852 - 6865
Nifty Future VIX Range: 6786 - 6887
Nifty Future VWAP: 6834.78
MP Values Nifty Future: VAH - 6841, POC - 6835, VAL - 6829

TARGET NIFTY
Buy Nifty Future above 6841 - 6850 - 6865 - 6890 SL - 6829
Sell Nifty Future below 6819 - 6810 - 6795 - 6765 SL - 6835

BANKNIFTY TECHNICAL
Current Spot: 12987.10
Pivot: 12980
5DEMA: 12857
10DEMA: 12774
20DEMA: 12577
50DEMA: 12017
RSI (14 days): 66.71
Parabolic SAR: 12536
Supports: 12921 - 12854 - 12794
Resistance: 13047 - 13107 - 13173
Bank Nifty Future VIX Range: 12832 - 13203
Bank Nifty Future VWAP: 12994.58
MP Values Bank Nifty Future: VAH - 13012, POC - 12976, VAL - 12940

TARGET BANKNIFTY
Buy BankNifty Future above 13012 - 13065 - 13125 - 13200 SL - 12976
Sell BankNifty Future below 12975 - 12930 - 12865 - 12790 SL - 13005

INTRADAY TRADE
Kpit: Buy above 175.5 for targets of 177, 180 SL 173
Lichsgfin: Buy above 280 for targets of 283, 286 SL 277

SCORE SHEET
Libertshoe: Buy above 190 for targets of 193, 200 SL 186: SL hit
Jktyre: Buy above 220 for targets of 223, 230 SL 216: Target 226.60 done

POSITIONAL TRADE
Twl: Buy above 182 for target of 191 SL 175 (2-3 Days)
Mtnl: Buy above 17.2 for target of 19.0 SL 16.8 (1 Week)

Thanks and Regards

MarketPulse S&P

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