Sunday, May 4, 2014

Market outlook for 05/05/2014

Nifty closed down 1.60 points (0.02%) at 6694.80 while Future closed at 6726.70, premium of 31.90 points.
Bank Nifty closed down 13.85 points (0.11%) at 12842.00 while Future closed at 12934.05, premium of 92.05 points.
  • FII bought in Cash (Net buy 386.95 Crore)
  • FII bought index option but sold in index future, stock future (Net buy 746.99 Crore)
  • DII bought in Cash (Net buy 405.65 Crore)
  • Most Active Nifty Call Option: 6800 and 7000.
  • Most Active Nifty Put Options: 6500 and 6400.
  • Advance Decline for the day was 744:722.
  • McClellan's oscillator for NSE at -28.
NIFTY TECHNICAL
Current Spot: 6694.80
Pivot: 6707
5DEMA: 6725
10DEMA: 6740
20DEMA: 6714
50DEMA: 6554
RSI (14 days): 52.06
Parabolic SAR: 6866
Supports: 6677 - 6659 - 6629
Resistance: 6725 - 6755 - 6773
Nifty Future VIX Range: 6680 - 6769
Nifty Future VWAP: 6744.84
MP Values Nifty Future: VAH - 6764, POC - 6750, VAL - 6736

TARGET NIFTY
Buy Nifty Future above 6750 - 6765 - 6790 - 6820 SL - 6736
Sell Nifty Future below 6717 - 6705 - 6680 - 6650 SL - 6746

BANKNIFTY TECHNICAL
Current Spot: 12842.00
Pivot: 12885
5DEMA: 12905
10DEMA: 12890
20DEMA: 12746
50DEMA: 12131
RSI (14 days): 58.55
Parabolic SAR: 12739
Supports: 12775 - 12709 - 12599
Resistance: 12952 - 13062 - 13129
Bank Nifty Future VIX Range: 12774 - 13098
Bank Nifty Future VWAP: 12986.55
MP Values Bank Nifty Future: VAH - 13033, POC - 12980, VAL - 12927

TARGET BANKNIFTY
Buy BankNifty Future above 12987 - 13050 - 13150 - 13230 SL - 12926
Sell BankNifty Future below 12915 - 12865 - 12790 - 12680 SL - 12980

INTRADAY TRADE
Amtekauto: Buy above 185.5 for targets of 188, 192 SL 182
RelInfra: Buy above 521 for targets of 524, 531 SL 515

SCORE SHEET
Petronet: Buy above 146 for targets of 148, 151 SL 143: Target 150.00 done
Hdfcbank: Buy above 724 for targets of 730, 745 SL 715: Target 727.55 done

POSITIONAL TRADE
Apollotyre: Buy above 163.5 for target of 168 SL 161 (2-3 Days)
Hcc: Buy above 20.5 for target of 22 SL 20.1 (1 Week)

Thanks and Regards

MarketPulse S&P

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