Market outlook for 11/08/2014

Nifty closed down 80.70 points (1.06%) at 7568.55 while Future closed at 7591.65, premium of 23.10 points.
Bank Nifty closed down 221.10 points (1.48%) at 14765.75 while Future closed at 14819.70, premium of 53.95 points.

• FII sold in Cash (Net sell 503.74 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 1588.05 Crore)
• DII bought in Cash (Net buy 456.02 Crore)
• Most Active Nifty Call Option: 7700 and 7800.
• Most Active Nifty Put Options: 7600 and 7500.
• Advance Decline for the day was 296:1262.
• McClellan's oscillator for NSE at -58.

NIFTY TECHNICAL

Current Spot: 7568.55
Pivot: 7567
5DEMA: 7645
10DEMA: 7672
20DEMA: 7669
50DEMA: 7547
RSI (14 days): 45.04
Parabolic SAR: 7816
Supports: 7542 - 7515 - 7489
Resistance: 7594 - 7619 - 7646

Nifty Future VWAP: 7588.73
Nifty Future VIX Range: 7528 - 7660
MP Values Nifty Future: VAH - 7600, POC - 7587, VAL - 7574

TARGET NIFTY
Buy Nifty Future above 7600 - 7615 - 7645 - 7680 SL - 7587
Sell Nifty Future below 7579 - 7565 - 7535 - 7505 SL - 7597

BANKNIFTY TECHNICAL

Current Spot: 14765.75
Pivot: 14778
5DEMA: 15000
10DEMA: 15106
20DEMA: 15157
50DEMA: 15005
RSI (14 days): 40.63
Parabolic SAR: 15577
Supports: 14697 - 14628 - 14547
Resistance: 14847 - 14928 - 14997

Bank Nifty Future VWAP: 14821.89
Bank Nifty Future VIX Range: 14624 - 14991
MP Values Bank Nifty Future: VAH - 14852, POC - 14815, VAL - 14778

TARGET BANKNIFTY
Buy BankNifty Future above 14853 - 15920 - 15020 - 15130 SL - 14815
Sell BankNifty Future below 14797 - 14740 - 14655 - 14550 SL - 15852

INTRADAY TRADE
Infratel: Buy above 261 for targets of 264, 272 SL 255
Apollohosp: Buy above 1018 for targets of 1030, 1045 SL 1003

SCORE SHEET
Adanient: Buy above 465 for targets of 469, 477 SL 459: Call not Active
Ambujacem: Buy above 211 for targets of 213, 216 SL 209: Call not Active

POSITIONAL TRADE
Mmfl: Buy above 325 for target of 339 SL 319 (2-3 Days)
Megh: Buy above 17.9 for target of 20 SL 17.2 (1 Week)

Thanks and Regards

MarketPulse S&P