Market outlook for 30/04/2014

Nifty closed down 46.00 points (0.68%) at 6715.25 while Future closed at 6760.30, premium of 45.05 points.
Bank Nifty closed down 171.00 points (1.31%) at 12910.55 while Future closed at 13012.35, premium of 101.80 points.

• FII bought in Cash (Net buy 287.98 Crore)
• FII sold index future, stock future and in index option (Net sell 1552.10 Crore)
• DII sold in Cash (Net sell 550.89 Crore)
• Most Active Nifty Call Option: 7000 and 7200.
• Most Active Nifty Put Options: 6800 and 6500.
• Advance Decline for the day was 607:877.
• McClellan's oscillator for NSE at -06.

NIFTY TECHNICAL

Current Spot: 6715.25
Pivot: 6735
5DEMA: 6762
10DEMA: 6762
20DEMA: 6719
50DEMA: 6554
RSI (14 days): 53.82
Parabolic SAR: 6709
Supports: 6689 - 6663 - 6618
Resistance: 6760 - 6806 - 6831

Nifty Future VIX Range: 6717 - 6811
Nifty Future VWAP: 6774.74
MP Values Nifty Future: VAH - 6800, POC - 6780, VAL - 6760

TARGET NIFTY
Buy Nifty Future above 6781 - 6805 - 6845 - 6885 SL - 6760
Sell Nifty Future below 6751 - 6730 - 6700 - 6655 SL - 6780

BANKNIFTY TECHNICAL

Current Spot: 12910.55
Pivot: 12977
5DEMA: 12977
10DEMA: 12911
20DEMA: 12725
50DEMA: 12103
RSI (14 days): 60.61
Parabolic SAR: 12706
Supports: 12831 - 12750 - 12604
Resistance: 13057 - 13204 - 13284

Bank Nifty Future VIX Range: 12844 - 13190
Bank Nifty Future VWAP: 13056.75
MP Values Bank Nifty Future: VAH - 13144, POC - 13082, VAL - 13020

TARGET BANKNIFTY
Buy BankNifty Future above 13087 - 13170 - 13350 - 13460 SL - 13020
Sell BankNifty Future below 12993 - 12915 - 12805 - 12655 SL - 13084

INTRADAY TRADE
Techno: Buy above 182 for targets of 185, 190 SL 179
RelInfra: Buy above 534 for targets of 540, 555 SL 529

SCORE SHEET
Ibullhsgfin: Buy above 305 for targets of 309, 316 SL 297: Target 318.45 done
Granules: Buy above 350 for targets of 354, 362 SL 342: Target 383.50 done

POSITIONAL TRADE
HblPower: Buy above 16.2 for target of 17.3 SL 15.8 (2-3 Days)
Marksans: Buy above 24.5 for target of 27 SL 24.1 (1 Week)

Thanks and Regards

MarketPulse S&P