Market outlook for 28/04/2014

Nifty closed down 58.05 points (0.85%) at 6782.75 while Future closed at 6826.30, premium of 43.55 points.
Bank Nifty closed down 87.60 points (0.67%) at 13034.50 while Future closed at 13134.35, premium of 99.85 points.

• FII bought in Cash (Net buy 295.01 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 216.54 Crore)
• DII sold in Cash (Net sell 417.30 Crore)
• Most Active Nifty Call Option: 7000 and 7500.
• Most Active Nifty Put Options: 6800 and 6500.
• Advance Decline for the day was 601:912.
• McClellan's oscillator for NSE at +11.

NIFTY TECHNICAL

Current Spot: 6782.75
Pivot: 6808
5DEMA: 6796
10DEMA: 6774
20DEMA: 6715
50DEMA: 6540
RSI (14 days): 61.89
Parabolic SAR: 6688
Supports: 6747 - 6711 - 6650
Resistance: 6844 - 6905 - 6941

Nifty Future VIX Range: 6776 - 6874
Nifty Future VWAP: 6844.34
MP Values Nifty Future: VAH - 6860, POC - 6822, VAL - 6809

TARGET NIFTY
Buy Nifty Future above 6846 - 6865 - 6900 - 6950 SL - 6822
Sell Nifty Future below 6817 - 6795 - 6765 - 6715 SL - 6845

BANKNIFTY TECHNICAL

Current Spot: 13034.50
Pivot: 13091
5DEMA: 12975
10DEMA: 12873
20DEMA: 12666
50DEMA: 12039
RSI (14 days): 66.35
Parabolic SAR: 12604
Supports: 12913 - 12791 - 12613
Resistance: 13212 - 13390 - 13512

Bank Nifty Future VIX Range: 12957 - 13314
Bank Nifty Future VWAP: 13187.04
MP Values Bank Nifty Future: VAH - 13252, POC - 13110, VAL - 13066

TARGET BANKNIFTY
Buy BankNifty Future above 13188 - 13280 - 13400 - 13540 SL - 13110
Sell BankNifty Future below 13109 - 13030 - 12915 - 12770 SL - 13187

INTRADAY TRADE
Upl: Buy above 233 for targets of 236, 243 SL 229
Bajajelec: Buy above 308 for targets of 311, 318 SL 302

SCORE SHEET
Ambujacem: Buy above 219 for targets of 221, 225 SL 216: Target 221.00 done
Kotakbank: Buy above 826 for targets of 834, 845 SL 817: Target 834.60 done

POSITIONAL TRADE
Twl: Buy above 216 for target of 226 SL 211 (2-3 Days)
Mtnl: Buy above 19 for target of 21 SL 18.7 (1 Week)

Thanks and Regards

MarketPulse S&P