Sunday, August 31, 2014

Market outlook for 01/09/2014

Nifty closed up 18.30 points (0.23%) at 7954.35 while Future closed at 7986.40, premium of 32.05 points.
Bank Nifty closed up 22.75 points (0.14%) at 15774.40 while Future closed at 15785.45, premium of 45.05 points.
  • FII sold in Cash (Net sell 710.63 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 692.39 Crore)
  • DII bought in Cash (Net buy 730.43 Crore)
  • Most Active Nifty Call Option: 8000 and 8100.
  • Most Active Nifty Put Options: 7900 and 7800.
  • Advance Decline for the day was 679:849.
  • McClellan's oscillator for NSE at -15.
NIFTY TECHNICAL
Current Spot: 7954.35
Pivot: 7954
5DEMA: 7922
10DEMA: 7883
20DEMA: 7821
50DEMA: 7708
RSI (14 days): 66.03
Parabolic SAR: 7725
Supports: 7940 - 7925 - 7911
Resistance: 7968 - 7982 - 7997
Nifty Future VWAP: 7993.11
Nifty Future VIX Range: 7921 - 8033
MP Values Nifty Future: VAH - 8000, POC - 7992, VAL - 7984

TARGET NIFTY
Buy Nifty Future above 7994 - 8005 - 8020 - 8045 SL - 7986
Sell Nifty Future below 7976 - 7965 - 7950 - 7925 SL - 7993

BANKNIFTY TECHNICAL
Current Spot: 15740.40
Pivot: 15741
5DEMA: 15678
10DEMA: 15568
20DEMA: 15429
50DEMA: 15301
RSI (14 days): 60.57
Parabolic SAR: 15230
Supports: 15688 - 15635 - 15581
Resistance: 15794 - 15848 - 15900
Bank Nifty Future VWAP: 15814.59
Bank Nifty Future VIX Range: 15590 - 15938
MP Values Bank Nifty Future: VAH - 15839, POC - 15805, VAL - 15771

TARGET BANKNIFTY
Buy BankNifty Future above 15817 - 15860 - 15940 - 16010 SL - 15798
Sell BankNifty Future below 15769 - 15730 - 15670 - 15595 SL - 15815

INTRADAY TRADE
Tatacomm: Buy above 378 for targets of 382, 388 SL 373
Arvind: Buy above 288 for targets of 291, 296 SL 284

SCORE SHEET
Dabur: Buy above 233 for targets of 235, 239 SL 230: Target 235.25 done
Jindalstel: Buy above 245 for targets of 247, 251 SL 242: Target 246.30 done

POSITIONAL TRADE
Bhel: Buy above 242 for target of 253 SL 237 (2-3 Days)
Nhpc: Buy above 21.9 for target of 24 SL 21.5 (1 Week)

Thanks and Regards

MarketPulse S&P

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