Thursday, May 1, 2014

Market outlook for 02/05/2014

Nifty closed down 18.85 points (0.28%) at 6696.40 while Future closed at 6726.45, premium of 30.05 points.
Bank Nifty closed down 54.70 points (0.42%) at 12855.85 while Future closed at 12936.05, premium of 80.20 points.
  • FII bought in Cash (Net buy 454.48 Crore)
  • FII sold index future, index option but bought in stock future (Net sell 330.80 Crore)
  • DII bought in Cash (Net buy 6.46 Crore)
  • Most Active Nifty Call Option: 6800 and 7000.
  • Most Active Nifty Put Options: 6500 and 6400.
  • Advance Decline for the day was 404:1104.
  • McClellan's oscillator for NSE at -31.
NIFTY TECHNICAL
Current Spot: 6696.40
Pivot: 6711
5DEMA: 6740
10DEMA: 6750
20DEMA: 6717
50DEMA: 6556
RSI (14 days): 51.92
Parabolic SAR: 6670
Supports: 6642 - 6588 - 6519
Resistance: 6765 - 6834 - 6889
Nifty Future VIX Range: 6695 - 6787
Nifty Future VWAP: 6758.59
MP Values Nifty Future: VAH - 6774, POC - 6722, VAL - 6693

TARGET NIFTY
Buy Nifty Future above 6759 - 6790 - 6835 - 6905 SL - 6722
Sell Nifty Future below 6719 - 6690 - 6645 - 6585 SL - 6758

BANKNIFTY TECHNICAL
Current Spot: 12855.85
Pivot: 12898
5DEMA: 12937
10DEMA: 12901
20DEMA: 12736
50DEMA: 12107
RSI (14 days): 58.95
Parabolic SAR: 12739
Supports: 12696 - 12536 - 12334
Resistance: 13058 - 13261 - 13420
Bank Nifty Future VIX Range: 12808 - 13144
Bank Nifty Future VWAP: 13027.20
MP Values Bank Nifty Future: VAH - 13067, POC - 12925, VAL - 12826

TARGET BANKNIFTY
Buy BankNifty Future above 13027 - 13150 - 13300 - 13500 SL - 12925
Sell BankNifty Future below 12917 - 12785 - 12635 - 12455 SL - 13002

INTRADAY TRADE
Petronet: Buy above 146 for targets of 148, 151 SL 143
Hdfcbank: Buy above 724 for targets of 730, 745 SL 715

SCORE SHEET
Techno: Buy above 182 for targets of 185, 190 SL 179: Call not Active
RelInfra: Buy above 534 for targets of 540, 555 SL 529: SL Hit

POSITIONAL TRADE
IOB: Buy above 62 for target of 66 SL 61 (2-3 Days)
Andhrabank: Buy above 67 for target of 72 SL 65 (1 Week)

Thanks and Regards

MarketPulse S&P

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