Market outlook for 19/08/2014

Nifty closed up 82.55 points (1.06%) at 7874.25 while Future closed at 7877.70, premium of 3.45 points.
Bank Nifty closed up 350.10 points (2.32%) at 15439.75 while Future closed at 15448.75, premium of 9.00 points.

• FII bought in Cash (Net buy 473.42 Crore)
• FII bought in index future, stock future and in index option (Net buy 1512.32 Crore)
• DII also bought in Cash (Net buy 490.04 Crore)
• Most Active Nifty Call Option: 7800 and 7900.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 1118:426.
• McClellan's oscillator for NSE at -06.

NIFTY TECHNICAL

Current Spot: 7874.25
Pivot: 7845
5DEMA: 7775
10DEMA: 7736
20DEMA: 7707
50DEMA: 7625
RSI (14 days): 62.36
Parabolic SAR: 7540
Supports: 7809 - 7743 - 7708
Resistance: 7910 - 7946 - 8011

Nifty Future VWAP: 7844.91
Nifty Future VIX Range: 7804 - 7941
MP Values Nifty Future: VAH - 7886, POC - 7874, VAL - 7817

TARGET NIFTY
Buy Nifty Future above 7886 - 7915 - 7945 - 8005 SL - 7843
Sell Nifty Future below 7839 - 7810 - 7770 - 7715 SL - 7874

BANKNIFTY TECHNICAL

Current Spot: 15439.75
Pivot: 15324
5DEMA: 15149
10DEMA: 15115
20DEMA: 15135
50DEMA: 15168
RSI (14 days): 56.90
Parabolic SAR: 14709
Supports: 15184 - 14928 - 14787
Resistance: 15580 - 15721 - 15977

Bank Nifty Future VWAP: 15327.93
Bank Nifty Future VIX Range: 15254 - 15656
MP Values Bank Nifty Future: VAH - 15468, POC - 15426, VAL - 15223

TARGET BANKNIFTY
Buy BankNifty Future above 15468 - 15580 - 15700 - 15845 SL - 15319
Sell BankNifty Future below 15315 - 15200 - 14995 - 14825 SL - 15355

INTRADAY TRADE
AxisBank: Buy above 397 for targets of 401, 409 SL 391
Voltas: Buy above 239 for targets of 242, 249 SL 233

SCORE SHEET
Gail: Buy above 428 for targets of 432, 439 SL 422: Target 434.20 done
Jswsteel: Buy above 1280 for targets of 1293, 1315 SL 1259: Target 1292.90 done

POSITIONAL TRADE
Ongc: Buy above 239 for target of 250 SL 232 (2-3 Days)
Madrasfert: Buy above 20.7 for target of 23 SL 19.8 (1 Week)

Thanks and Regards

MarketPulse S&P