Monday, August 4, 2014

Market outlook for 05/08/2014

Nifty closed up 81.05 points (1.07%) at 7683.65 while Future closed at 7618.20, premium of 34.55 points.
Bank Nifty closed up 114.55 points (0.76%) at 15242.35 while Future closed at 15343.05, premium of 100.70 points.
  • FII bought in Cash (Net buy 372.56 Crore)
  • FII bought in index future, stock future but sold in index option (Net buy 852.54 Crore)
  • DII sold in Cash (Net sell 250.80 Crore)
  • Most Active Nifty Call Option: 7700 and 7800.
  • Most Active Nifty Put Options: 7600 and 7500.
  • Advance Decline for the day was 1061:469.
  • McClellan's oscillator for NSE at -36.
NIFTY TECHNICAL
Current Spot: 7683.65
Pivot: 7667
5DEMA: 7697
10DEMA: 7704
20DEMA: 7677
50DEMA: 7531
RSI (14 days): 52.73
Parabolic SAR: 7836
Supports: 7639 - 7594 - 7566
Resistance: 7712 - 7740 - 7784
Nifty Future VIX Range: 7656 - 7792
Nifty Future VWAP: 7682.70
MP Values Nifty Future: VAH - 7701, POC - 7679, VAL - 7657

TARGET NIFTY
Buy Nifty Future above 7724 - 7740 - 7770 - 7815 SL - 7693
Sell Nifty Future below 7685 - 7670 - 7640 - 7595 SL - 7702

BANKNIFTY TECHNICAL
Current Spot: 15242.35
Pivot: 15232
5DEMA: 15258
10DEMA: 15269
20DEMA: 15237
50DEMA: 14992
RSI (14 days): 51.63
Parabolic SAR: 15024
Supports: 15138 - 15034 - 14940
Resistance: 15336 - 15430 - 15534
Bank Nifty Future VIX Range: 15146 - 15528
Bank Nifty Future VWAP: 15307.92
MP Values Bank Nifty Future: VAH - 15391, POC - 15331, VAL - 15271

TARGET BANKNIFTY
Buy BankNifty Future above 15355 - 15430 - 15530 - 15650 SL - 15305
Sell BankNifty Future below 15289 - 15225 - 15095 - 14995 SL - 15331

INTRADAY TRADE
Hindalco: Buy above 192 for targets of 194, 198 SL 188.5
Crompgreav: Buy above 205 for targets of 208, 213 SL 201

SCORE SHEET
Dlf: Buy above 203 for targets of 205, 210 SL 199: Target 204.80 done
Hindzinc: Buy above 164 for targets of 166, 169 SL 161: Target 165.70 done

POSITIONAL TRADE
TvToday: Buy above 166 for target of 175 SL 159 (2-3 Days)
Nocil: Buy above 24.3 for target of 26.5 SL 23.6 (1 Week)

Thanks and Regards

MarketPulse S&P

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