Market outlook for 22/08/2014

Nifty closed up 15.80 points (0.20%) at 7891.10 while Future closed at 7903.15, premium of 12.05 points.
Bank Nifty closed up 180.50 points (1.17%) at 15662.20 while Future closed at 15671.70, premium of 9.50 points.

• FII bought in Cash (Net buy 412.77 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 993.50 Crore)
• DII also bought in Cash (Net buy 63.74 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7900 and 7800.
• Advance Decline for the day was 835:698.
• McClellan's oscillator for NSE at +14.

NIFTY TECHNICAL

Current Spot: 7891.10
Pivot: 7889
5DEMA: 7854
10DEMA: 7805
20DEMA: 7754
50DEMA: 7654
RSI (14 days): 62.53
Parabolic SAR: 7584
Supports: 7858 - 7825 - 7794
Resistance: 7922 - 7953 - 7986

Nifty Future VWAP: 7902.12
Nifty Future VIX Range: 7842 - 7969
MP Values Nifty Future: VAH - 7917, POC - 7900, VAL - 7883

TARGET NIFTY
Buy Nifty Future above 7909 - 7930 - 7960 - 8000 SL - 7899
Sell Nifty Future below 7891 - 7870 - 7840 - 7800 SL - 7907

BANKNIFTY TECHNICAL

Current Spot: 15662.20
Pivot: 15616
5DEMA: 15450
10DEMA: 15319
20DEMA: 15245
50DEMA: 15192
RSI (14 days): 61.16
Parabolic SAR: 14802
Supports: 15509 - 15356 - 15250
Resistance: 15769 - 15875 - 16028

Bank Nifty Future VWAP: 15645.46
Bank Nifty Future VIX Range: 15490 - 15874
MP Values Bank Nifty Future: VAH - 15702, POC - 15646, VAL - 15590

TARGET BANKNIFTY
Buy BankNifty Future above 15683 - 15770 - 15880 - 16000 SL - 15617
Sell BankNifty Future below 15602 - 15520 - 15380 - 15260 SL - 15646

INTRADAY TRADE
Pnb: Buy above 970 for targets of 979, 995 SL 958
Bpcl: Buy above 688 for targets of 694, 705 SL 679

SCORE SHEET
Arvind: Buy above 253 for targets of 256, 263 SL 248: Target 258.00 done
Zeel: Buy above 290 for targets of 292, 295 SL 287: Target 300.00 done

POSITIONAL TRADE
Titan: Buy above 369 for target of 382 SL 362 (2-3 Days)
Akshoptfbr: Buy above 20 for target of 22 SL 19.1 (1 Week)

Thanks and Regards

MarketPulse S&P