Thursday, May 8, 2014

Market outlook for 09/05/2014

Nifty closed up 7.30 points (0.11%) at 6659.85 while Future closed at 6680.95, premium of 21.10 points.
Bank Nifty closed up 99.20 points (0.77%) at 13037.40 while Future closed at 13112.50, premium of 75.10 points.
  • FII bought in Cash (Net buy 363.24 Crore)
  • FII sold in index future, index option, and in stock future (Net sell 1389.89 Crore)
  • DII sold in Cash (Net sell 119.90 Crore)
  • Most Active Nifty Call Option: 7000 and 7200.
  • Most Active Nifty Put Options: 6500 and 6400.
  • Advance Decline for the day was 652:815.
  • McClellan's oscillator for NSE at -40.
NIFTY TECHNICAL
Current Spot: 6659.85
Pivot: 6662
5DEMA: 6683
10DEMA: 6705
20DEMA: 6703
50DEMA: 6578
RSI (14 days): 47.77
Parabolic SAR: 6844
Supports: 6636 - 6612 - 6586
Resistance: 6686 - 6712 - 6736
Nifty Future VIX Range: 6638 - 6722
Nifty Future VWAP: 6687.30
MP Values Nifty Future: VAH - 6695, POC - 6685, VAL - 6675

TARGET NIFTY
Buy Nifty Future above 6695 - 6710 - 6740 - 6765 SL - 6684
Sell Nifty Future below 6673 - 6658 - 6630 - 6600 SL - 6692

BANKNIFTY TECHNICAL
Current Spot: 13037.40
Pivot: 13028
5DEMA: 12963
10DEMA: 12932
20DEMA: 12817
50DEMA: 12262
RSI (14 days): 63.63
Parabolic SAR: 12849
Supports: 12961 - 12885 - 12818
Resistance: 13104 - 13171 - 13247
Bank Nifty Future VIX Range: 12951 - 13249
Bank Nifty Future VWAP: 13094.20
MP Values Bank Nifty Future: VAH - 13123, POC - 13088, VAL - 13053

TARGET BANKNIFTY
Buy BankNifty Future above 13123 - 13175 - 13235 - 13310 SL - 13088
Sell BankNifty Future below 13083 - 13045 - 12970 - 12900 SL - 13117

INTRADAY TRADE
Bhel: Buy above 185 for targets of 187, 190 SL 182
Arvind: Buy above 198 for targets of 200, 203 SL 195

SCORE SHEET
Kajariacer: Buy above 495 for targets of 500, 512 SL 488: Target 509.90 done
Max: Buy above 239 for targets of 242, 250 SL 235: Target 244.60 done

POSITIONAL TRADE
Jubilant: Buy above 178 for target of 190 SL 171 (2-3 Days)
Southbank: Buy above 23.1 for target of 25 SL 22.7 (1 Week)

Thanks and Regards

MarketPulse S&P

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