Market outlook for 29/04/2014

Nifty closed down 21.50 points (0.32%) at 6761.25 while Future closed at 6820.00, premium of 58.75 points.
Bank Nifty closed up 47.05 points (0.36%) at 13081.55 while Future closed at 13195.40, premium of 113.85 points.

• FII bought in Cash (Net buy 77.02 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 271.27 Crore)
• DII sold in Cash (Net sell 370.53 Crore)
• Most Active Nifty Call Option: 7200 and 7500.
• Most Active Nifty Put Options: 6800 and 6500.
• Advance Decline for the day was 742:748.
• McClellan's oscillator for NSE at +07.

NIFTY TECHNICAL

Current Spot: 6761.25
Pivot: 6766
5DEMA: 6785
10DEMA: 6772
20DEMA: 6719
50DEMA: 6548
RSI (14 days): 59.20
Parabolic SAR: 6702
Supports: 6745 - 6730 - 6710
Resistance: 6782 - 6802 - 6818

Nifty Future VIX Range: 6775 - 6871
Nifty Future VWAP: 6818.95
MP Values Nifty Future: VAH - 6827, POC - 6818, VAL - 6809

TARGET NIFTY
Buy Nifty Future above 6828 - 6840 - 6865 - 6890 SL - 6816
Sell Nifty Future below 6809 - 6795 - 6775 - 6750 SL - 6827

BANKNIFTY TECHNICAL

Current Spot: 13081.55
Pivot: 13042
5DEMA: 13011
10DEMA: 12911
20DEMA: 12705
50DEMA: 12077
RSI (14 days): 67.29
Parabolic SAR: 12658
Supports: 12968 - 12854 - 12779
Resistance: 13156 - 13230 - 13344

Bank Nifty Future VIX Range: 13042 - 13391
Bank Nifty Future VWAP: 13134.42
MP Values Bank Nifty Future: VAH - 13225, POC - 13186, VAL - 13085

TARGET BANKNIFTY
Buy BankNifty Future above 13210 - 13270 - 13350 - 13480 SL - 13140
Sell BankNifty Future below 13126 - 13070 - 12945 - 12855 SL - 13187

INTRADAY TRADE
Ibullhsgfin: Buy above 305 for targets of 309, 316 SL 297
Granules: Buy above 350 for targets of 354, 362 SL 342

SCORE SHEET
Upl: Buy above 233 for targets of 236, 243 SL 229: Target 279.20 done
Bajajelec: Buy above 308 for targets of 311, 318 SL 302: Target 316.05 done

POSITIONAL TRADE
Jppower: Buy above 16.1 for target of 16.8 SL 15.8 (2-3 Days)
Trident: Buy above 18.5 for target of 20 SL 17.7 (1 Week)

Thanks and Regards

MarketPulse S&P