Sunday, August 3, 2014

Market outlook for 04/08/2014

Nifty closed down 118.70 points (1.54%) at 7602.60 while Future closed at 7622.60, premium of 20.00 points.
Bank Nifty closed down 139.80 points (0.92%) at 15127.80 while Future closed at 15210.80, premium of 83.00 points.
  • FII sold huge in Cash (Net sell 1072.96 Crore)
  • FII bought in index option, stock future but sold in index future (Net buy 2566.23 Crore)
  • DII bought in Cash (Net buy 1074.70 Crore)
  • Most Active Nifty Call Option: 7800 and 7900.
  • Most Active Nifty Put Options: 7700 and 7600.
  • Advance Decline for the day was 471:1067.
  • McClellan's oscillator for NSE at -63.
NIFTY TECHNICAL
Current Spot: 7602.60
Pivot: 7638
5DEMA: 7704
10DEMA: 7709
20DEMA: 7677
50DEMA: 7525
RSI (14 days): 47.25
Parabolic SAR: 7841
Supports: 7559 - 7515 - 7436
Resistance: 7682 - 7761 - 7804
Nifty Future VIX Range: 7558 - 7690
Nifty Future VWAP: 7676.32
MP Values Nifty Future: VAH - 7724, POC - 7678, VAL - 7632

TARGET NIFTY
Buy Nifty Future above 7678 - 7705 - 7745 - 7800 SL - 7656
Sell Nifty Future below 7611 - 7580 - 7540 - 7480 SL - 7676

BANKNIFTY TECHNICAL
Current Spot: 15127.80
Pivot: 15214
5DEMA: 15266
10DEMA: 15275
20DEMA: 15236
50DEMA: 14979
RSI (14 days): 48.72
Parabolic SAR: 15096
Supports: 15010 - 14893 - 14689
Resistance: 15331 - 15535 - 15652
Bank Nifty Future VIX Range: 15046 - 15434
Bank Nifty Future VWAP: 15300.22
MP Values Bank Nifty Future: VAH - 15382, POC - 15273, VAL - 15164

TARGET BANKNIFTY
Buy BankNifty Future above 15303 - 15405 - 15580 - 15760 SL - 15273
Sell BankNifty Future below 15188 - 15090 - 15955 - 14785 SL - 15300

INTRADAY TRADE
Dlf: Buy above 203 for targets of 205, 210 SL 199
Hindzinc: Buy above 164 for targets of 166, 169 SL 161

SCORE SHEET
Cipla: Buy above 459 for targets of 463, 471 SL 454: SL Hit
TataSteel: Buy above 556 for targets of 561, 571 SL 552: Target 565.90 done

POSITIONAL TRADE
Unionbank: Buy above 198 for target of 211 SL 190 (2-3 Days)
GmrInfra: Buy above 28.9 for target of 30.3 SL 27.9 (1 Week)

Thanks and Regards

MarketPulse S&P

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