Monday, August 25, 2014

Market outlook for 26/08/2014

Nifty closed down 6.90 points (0.09%) at 7906.30 while Future closed at 7915.45, premium of 9.15 points.
Bank Nifty closed down 150.15 points (0.95%) at 15669.00 while Future closed at 15681.00, premium of 12.00 points.
  • FII bought in Cash (Net buy 127.33 Crore)
  • FII sold in index option but bought in index future, stock future (Net sell 85.99 Crore)
  • DII also bought in Cash (Net buy 45.71 Crore)
  • Most Active Nifty Call Option: 7900 and 8000.
  • Most Active Nifty Put Options: 7900 and 7800.
  • Advance Decline for the day was 588:974.
  • McClellan's oscillator for NSE at -03.
NIFTY TECHNICAL
Current Spot: 7906.30
Pivot: 7924
5DEMA: 7885
10DEMA: 7839
20DEMA: 7782
50DEMA: 7681
RSI (14 days): 62.98
Parabolic SAR: 7634
Supports: 7880 - 7854 - 7810
Resistance: 7950 - 7994 - 8021
Nifty Future VWAP: 7944.94
Nifty Future VIX Range: 7854 - 7974
MP Values Nifty Future: VAH - 7976, POC - 7952, VAL - 7928

TARGET NIFTY
Buy Nifty Future above 7938 - 7955 - 7985 - 8020 SL - 7927
Sell Nifty Future below 7904 - 7892 - 7865 - 7835 SL - 7937

BANKNIFTY TECHNICAL
Current Spot: 15669.00
Pivot: 15756
5DEMA: 15605
10DEMA: 15457
20DEMA: 15335
50DEMA: 15250
RSI (14 days): 59.43
Parabolic SAR: 14954
Supports: 15539 - 15408 - 15191
Resistance: 15886 - 16104 - 16234
Bank Nifty Future VWAP: 15837.70
Bank Nifty Future VIX Range: 15515 - 15891
MP Values Bank Nifty Future: VAH - 15974, POC - 15920, VAL - 15752

TARGET BANKNIFTY
Buy BankNifty Future above 15777 - 15870 - 15990 - 16120 SL - 15751
Sell BankNifty Future below 15657 - 15565 - 15450 - 15325 SL - 15773

INTRADAY TRADE
Bhel: Buy above 233.5 for targets of 236, 239 SL 231
Bharatforg: Buy above 794 for targets of 800, 810 SL 788

SCORE SHEET
Relcapital: Buy above 574 for targets of 579, 586 SL 567: Target 580.65 done
Hindalco: Buy above 183 for targets of 184.5, 187 SL 181: Target 184.70 done

POSITIONAL TRADE
Arvind: Buy above 273 for target of 285 SL 268 (2-3 Days)
Bpl: Buy above 17.8 for target of 19 SL 17.4 (1 Week)

Thanks and Regards

MarketPulse S&P

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