Tuesday, May 20, 2014

Market outlook for 21/05/2014

Nifty closed up 11.95 points (0.16%) at 7275.50 while Future closed at 7300.60, premium of 25.10 points.
Bank Nifty closed down 110.95 points (0.73%) at 15111.20 while Future closed at 15202.55, premium of 91.35 points.
  • FII sold in Cash (Net sell 104.53 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 718.65 Crore)
  • DII sold in Cash (Net sell 656.83 Crore)
  • Most Active Nifty Call Option: 7400 and 7500.
  • Most Active Nifty Put Options: 7300 and 7200.
  • Advance Decline for the day was 1226:340.
  • McClellan's oscillator for NSE at +49.
NIFTY TECHNICAL
Current Spot: 7275.50
Pivot: 7292
5DEMA: 7190
10DEMA: 7078
20DEMA: 6947
50DEMA: 6732
RSI (14 days): 81.97
Parabolic SAR: 6897
Supports: 7231 - 7186 - 7125
Resistance: 7337 - 7398 - 7443
Nifty Future VIX Range: 7216 - 7362
Nifty Future VWAP: 7305.53
MP Values Nifty Future: VAH - 7320, POC - 7299, VAL - 7278

TARGET NIFTY
Buy Nifty Future above 7311 - 7340 - 7370 - 7420 SL - 7299
Sell Nifty Future below 7290 - 7265 - 7235 - 7185 SL - 7309

BANKNIFTY TECHNICAL
Current Spot: 15111.20
Pivot: 15187
5DEMA: 14770
10DEMA: 14318
20DEMA: 13779
50DEMA: 12892
RSI (14 days): 84.73
Parabolic SAR: 14375
Supports: 15012 - 14912 - 14737
Resistance: 15287 - 15462 - 15561
Bank Nifty Future VIX Range: 14910 - 15482
Bank Nifty Future VWAP: 15248.58
MP Values Bank Nifty Future: VAH - 15284, POC - 15235, VAL - 15186

TARGET BANKNIFTY
Buy BankNifty Future above 15285 - 15360 - 15505 - 15630 SL - 15247
Sell BankNifty Future below 15186 - 15110 - 15010 - 14840 SL - 15284

INTRADAY TRADE
Aban: Buy above 690 for targets of 700, 720 SL 675
Tatacomm: Buy above 337 for targets of 341, 350 SL 329

SCORE SHEET
Bhel: Buy above 270 for targets of 273, 280 SL 265: Target 287.80 done
CoalIndia: Buy above 395 for targets of 400, 410 SL 387: Call not active

POSITIONAL TRADE
Sslt: Buy above 247 for target of 260 SL 240 (2-3 Days)
Bajajhind: Buy above 23.4 for target of 25.5 SL 22.7 (1 Week)

Thanks and Regards

MarketPulse S&P

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