Market outlook for 21/08/2014

Nifty closed down 22.20 points (0.28%) at 7875.30 while Future closed at 7890.70, premium of 15.40 points.
Bank Nifty closed down 42.95 points (0.28%) at 15481.70 while Future closed at 15516.15, premium of 34.45 points.

• FII bought in Cash (Net buy 251.36 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 434.19 Crore)
• DII sold in Cash (Net sell 481.37 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7900 and 7800.
• Advance Decline for the day was 861:688.
• McClellan's oscillator for NSE at +11.

NIFTY TECHNICAL

Current Spot: 7875.30
Pivot: 7887
5DEMA: 7836
10DEMA: 7786
20DEMA: 7739
50DEMA: 7646
RSI (14 days): 61.60
Parabolic SAR: 7563
Supports: 7852 - 7829 - 7793
Resistance: 7911 - 7946 - 7969

Nifty Future VWAP: 7895.22
Nifty Future VIX Range: 7817 - 7947
MP Values Nifty Future: VAH - 7905, POC - 7896, VAL - 7887

TARGET NIFTY
Buy Nifty Future above 7905 - 7915 - 7930 - 7950 SL - 7894
Sell Nifty Future below 7885 - 7875 - 7860 - 7840 SL - 7901

BANKNIFTY TECHNICAL

Current Spot: 15481.70
Pivot: 15499
5DEMA: 15343
10DEMA: 15242
20DEMA: 15201
50DEMA: 15185
RSI (14 days): 57.43
Parabolic SAR: 14763
Supports: 15431 - 15381 - 15314
Resistance: 15549 - 15617 - 15667

Bank Nifty Future VWAP: 15511.66
Bank Nifty Future VIX Range: 15310 - 15692
MP Values Bank Nifty Future: VAH - 15558, POC - 15523, VAL - 15488

TARGET BANKNIFTY
Buy BankNifty Future above 15532 - 15580 - 15655 - 15730 SL - 15510
Sell BankNifty Future below 15493 - 15455 - 15385 - 15310 SL - 15529

INTRADAY TRADE
Arvind: Buy above 253 for targets of 256, 263 SL 248
Zeel: Buy above 290 for targets of 292, 295 SL 287

SCORE SHEET
Adaniports: Buy above 289 for targets of 292, 298 SL 284: Target 297.50 done
YesBank: Buy above 582 for targets of 586, 594 SL 576: Target 584.65 done

POSITIONAL TRADE
Adaniports: Buy above 295 for target of 305 SL 291 (2-3 Days)
Dcw: Buy above 24.8 for target of 26.6 SL 24.1 (1 Week)

Thanks and Regards

MarketPulse S&P