Thursday, April 24, 2014

Market outlook for 25/04/2014

Nifty closed up 25.45 points (0.37%) at 6840.80 while Future closed at 6899.15, premium of 58.35 points.
Bank Nifty closed up 135.00 points (1.04%) at 13122.10 while Future closed at 13234.00, premium of 111.90 points.
  • FII bought in Cash (Net buy 767.61 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 2145.09 Crore)
  • DII sold in Cash (Net sell 533.88 Crore)
  • Most Active Nifty Call Option: 6900 and 7000.
  • Most Active Nifty Put Options: 6800 and 6500.
  • Advance Decline for the day was 764:738.
  • McClellan's oscillator for NSE at +28.
NIFTY TECHNICAL
Current Spot: 6840.80
Pivot: 6841
5DEMA: 6803
10DEMA: 6773
20DEMA: 6708
50DEMA: 6550
RSI (14 days): 68.98
Parabolic SAR: 6676
Supports: 6821 - 6800 - 6780
Resistance: 6861 - 6882 - 6902
Nifty Future VIX Range: 6852 - 6952
Nifty Future VWAP: 6894.77
MP Values Nifty Future: VAH - 6905, POC - 6896, VAL - 6887

TARGET NIFTY
Buy Nifty Future above 6905 - 6915 - 6930 - 6951 SL - 6887
Sell Nifty Future below 6883 - 6875 - 6865 - 6845 SL - 6897

BANKNIFTY TECHNICAL
Current Spot: 13122.10
Pivot: 13085
5DEMA: 12946
10DEMA: 12838
20DEMA: 12629
50DEMA: 12060
RSI (14 days): 69.14
Parabolic SAR: 12562
Supports: 12995 - 12867 - 12777
Resistance: 13213 - 13304 - 13431
Bank Nifty Future VIX Range: 13086 - 13458
Bank Nifty Future VWAP: 13174.84
MP Values Bank Nifty Future: VAH - 13233, POC - 13170, VAL - 13107

TARGET BANKNIFTY
Buy BankNifty Future above 13244 - 13320 - 13415 - 13550 SL - 13170
Sell BankNifty Future below 13167 - 13095 - 12955 - 12870 SL - 13233

INTRADAY TRADE
Ambujacem: Buy above 219 for targets of 221, 225 SL 216
Kotakbank: Buy above 826 for targets of 834, 845 SL 817

SCORE SHEET
Kpit: Buy above 175.5 for targets of 177, 180 SL 173: Target 181.45 done
Lichsgfin: Buy above 280 for targets of 283, 286 SL 277: Target 285.00 done

POSITIONAL TRADE
Apollotyre: Buy above 173 for target of 179 SL 170 (2-3 Days)
Bajajhind: Buy above 19.4 for target of 21.0 SL 18.8 (1 Week)

Thanks and Regards

MarketPulse S&P

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