Market outlook for 14/08/2014

Nifty closed up 12.50 points (0.16%) at 7739.55 while Future closed at 7746.35, premium of 6.80 points.
Bank Nifty closed down 145.80 points (0.97%) at 14910.90 while Future closed at 14940.70, premium of 29.80 points.

• FII bought in Cash (Net buy 718.27 Crore)
• FII bought in index future, stock future and in index option (Net buy 1255.09 Crore)
• DII also bought in Cash (Net buy 22.03 Crore)
• Most Active Nifty Call Option: 7800 and 7900.
• Most Active Nifty Put Options: 7700 and 7600.
• Advance Decline for the day was 352:1202.
• McClellan's oscillator for NSE at -51.

NIFTY TECHNICAL

Current Spot: 7739.55
Pivot: 7731
5DEMA: 7692
10DEMA: 7687
20DEMA: 7678
50DEMA: 7595
RSI (14 days): 55.32
Parabolic SAR: 7784
Supports: 7704 - 7669 - 7643
Resistance: 7766 - 7792 - 7827

Nifty Future VWAP: 7739.32
Nifty Future VIX Range: 7673 - 7808
MP Values Nifty Future: VAH - 7730, POC - 7682, VAL - 7664

TARGET NIFTY
Buy Nifty Future above 7752 - 7775 - 7805 - 7845 SL - 7739
Sell Nifty Future below 7732 - 7715 - 7675 - 7645 SL - 7749

BANKNIFTY TECHNICAL

Current Spot: 14910.90
Pivot: 14944
5DEMA: 14960
10DEMA: 15032
20DEMA: 15102
50DEMA: 15073
RSI (14 days): 44.92
Parabolic SAR: 15430
Supports: 14810 - 14710 - 14576
Resistance: 15045 - 15179 - 15279

Bank Nifty Future VWAP: 14976.40
Bank Nifty Future VIX Range: 14759 - 15121
MP Values Bank Nifty Future: VAH - 15064, POC - 14966, VAL - 14884

TARGET BANKNIFTY
Buy BankNifty Future above 14988 - 15060 - 15180 - 15305 SL - 14970
Sell BankNifty Future below 14918 - 14850 - 14745 - 14610 SL - 14985

INTRADAY TRADE
Hindunilvr: Buy above 721 for targets of 726, 735 SL 712
Dabur: Buy above 212 for targets of 214, 218 SL 209

SCORE SHEET
Gail: Buy above 416 for targets of 420, 430 SL 409: SL Hit
Srf: Buy above 695 for targets of 703, 720 SL 678: Call not Active

POSITIONAL TRADE
Apollohosp: Buy above 1135 for target of 1190 SL 1116 (2-3 Days)
TnPetro: Buy above 14.5 for target of 16.5 SL 14.1 (1 Week)

Thanks and Regards

MarketPulse S&P