Market outlook for 25/08/2014

Nifty closed up 22.10 points (0.28%) at 7913.20 while Future closed at 7927.55, premium of 14.35 points.
Bank Nifty closed up 156.95 points (1.00%) at 15819.15 while Future closed at 15828.30, premium of 9.15 points.

• FII bought in Cash (Net buy 302.06 Crore)
• FII bought in index future, index option and in stock future (Net buy 1024.20 Crore)
• DII also bought in Cash (Net buy 183.64 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7900 and 7800.
• Advance Decline for the day was 746:806.
• McClellan's oscillator for NSE at +11.

NIFTY TECHNICAL

Current Spot: 7913.20
Pivot: 7914
5DEMA: 7874
10DEMA: 7825
20DEMA: 7769
50DEMA: 7673
RSI (14 days): 63.63
Parabolic SAR: 7605
Supports: 7899 - 7885 - 7870
Resistance: 7928 - 7943 - 7957

Nifty Future VWAP: 7922.44
Nifty Future VIX Range: 7874 - 7998
MP Values Nifty Future: VAH - 7930, POC - 7923, VAL - 7916

TARGET NIFTY
Buy Nifty Future above 7934 - 7940 - 7955 - 7975 SL - 7921
Sell Nifty Future below 7915 - 7909 - 7895 - 7865 SL - 7931

BANKNIFTY TECHNICAL

Current Spot: 15819.15
Pivot: 15794
5DEMA: 15573
10DEMA: 15410
20DEMA: 15300
50DEMA: 15242
RSI (14 days): 63.86
Parabolic SAR: 14865
Supports: 15722 - 15625 - 15553
Resistance: 15891 - 15963 - 16060

Bank Nifty Future VWAP: 15808.49
Bank Nifty Future VIX Range: 15650 - 16034
MP Values Bank Nifty Future: VAH - 15853, POC - 15816, VAL - 15779

TARGET BANKNIFTY
Buy BankNifty Future above 15853 - 15900 - 15980 - 16080 SL - 15792
Sell BankNifty Future below 15778 - 15730 - 15630 - 15545 SL - 15817

INTRADAY TRADE
Relcapital: Buy above 574 for targets of 579, 586 SL 567
Hindalco: Buy above 183 for targets of 184.5, 187 SL 181

SCORE SHEET
Pnb: Buy above 970 for targets of 979, 995 SL 958: Target 995.65 done
Bpcl: Buy above 688 for targets of 694, 705 SL 679: Target 693.40 done

POSITIONAL TRADE
Upl: Buy above 340 for target of 352 SL 334 (2-3 Days)
BajajHind: Buy above 24 for target of 26 SL 23.5 (1 Week)

Thanks and Regards

MarketPulse S&P