Market outlook for 18/08/2014

Nifty closed up 52.15 points (0.67%) at 7791.70 while Future closed at 7803.70, premium of 12.00 points.
Bank Nifty closed up 178.75 points (1.20%) at 15089.65 while Future closed at 15123.35, premium of 33.70 points.

• FII bought in Cash (Net buy 625.18 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 45.68 Crore)
• DII also bought in Cash (Net buy 135.75 Crore)
• Most Active Nifty Call Option: 7800 and 7900.
• Most Active Nifty Put Options: 7700 and 7600.
• Advance Decline for the day was 927:619.
• McClellan's oscillator for NSE at -33.

NIFTY TECHNICAL

Current Spot: 7791.70
Pivot: 7776
5DEMA: 7725
10DEMA: 7706
20DEMA: 7689
50DEMA: 7615
RSI (14 days): 58.13
Parabolic SAR: 7797
Supports: 7755 - 7718 - 7697
Resistance: 7813 - 7833 - 7870

Nifty Future VWAP: 7788.74
Nifty Future VIX Range: 7733 - 7867
MP Values Nifty Future: VAH - 7802, POC - 7786, VAL - 7770

TARGET NIFTY
Buy Nifty Future above 7807 - 7822 - 7845 - 7885 SL - 7784
Sell Nifty Future below 7779 - 7765 - 7740 - 7705 SL - 7802

BANKNIFTY TECHNICAL

Current Spot: 15089.65
Pivot: 15058
5DEMA: 15003
10DEMA: 15042
20DEMA: 15102
50DEMA: 15156
RSI (14 days): 49.10
Parabolic SAR: 15387
Supports: 14972 - 14854 - 14767
Resistance: 15176 - 15263 - 15381

Bank Nifty Future VWAP: 15088.30
Bank Nifty Future VIX Range: 14929 - 15295
MP Values Bank Nifty Future: VAH - 15195, POC - 15125, VAL - 15050

TARGET BANKNIFTY
Buy BankNifty Future above 15135 - 15210 - 15320 - 15445 SL - 15085
Sell BankNifty Future below 15078 - 15000 - 14875 - 14765 SL - 15125

INTRADAY TRADE
Gail: Buy above 428 for targets of 432, 439 SL 422
Jswsteel: Buy above 1280 for targets of 1293, 1315 SL 1259

SCORE SHEET
Hindunilvr: Buy above 721 for targets of 726, 735 SL 712: Target 725.95 done
Dabur: Buy above 212 for targets of 214, 218 SL 209: Target 220.90 done

POSITIONAL TRADE
Pfc: Buy above 266 for target of 275 SL 262 (2-3 Days)
Unitech: Buy above 23 for target of 25 SL 22.1 (1 Week)

Thanks and Regards

MarketPulse S&P