Market outlook for 27/08/2014

Nifty closed down 1.55 points (0.02%) at 7904.75 while Future closed at 7906.50, premium of 1.75 points.
Bank Nifty closed down 44.90 points (0.29%) at 15624.10 while Future closed at 15644.40, premium of 20.30 points.

• FII bought in Cash (Net buy 364.72 Crore)
• FII sold in index option but bought in index future, stock future (Net sell 108.87 Crore)
• DII sold in Cash (Net sell 259.18 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7900 and 7800.
• Advance Decline for the day was 516:1045.
• McClellan's oscillator for NSE at -19.

NIFTY TECHNICAL

Current Spot: 7904.75
Pivot: 7894
5DEMA: 7891
10DEMA: 7851
20DEMA: 7794
50DEMA: 7690
RSI (14 days): 62.82
Parabolic SAR: 7667
Supports: 7873 - 7841 - 7820
Resistance: 7926 - 7947 - 7979

Nifty Future VWAP: 7897.27
Nifty Future VIX Range: 7851 - 7967
MP Values Nifty Future: VAH - 7908, POC - 7895, VAL - 7882

TARGET NIFTY
Buy Nifty Future above 7912 - 7922 - 7940 - 7968 SL - 7895
Sell Nifty Future below 7887 - 7880 - 7860 - 7835 SL - 7907

BANKNIFTY TECHNICAL

Current Spot: 15624.10
Pivot: 15601
5DEMA: 15611
10DEMA: 15487
20DEMA: 15363
50DEMA: 15265
RSI (14 days): 58.11
Parabolic SAR: 15056
Supports: 15527 - 15430 - 15356
Resistance: 15698 - 15772 - 15869

Bank Nifty Future VWAP: 15607.36
Bank Nifty Future VIX Range: 15478 - 15843
MP Values Bank Nifty Future: VAH - 15658, POC - 15616, VAL - 15574

TARGET BANKNIFTY
Buy BankNifty Future above 15658 - 15715 - 15790 - 15900 SL - 15605
Sell BankNifty Future below 15592 - 15545 - 15440 - 15365 SL - 15623

INTRADAY TRADE
Hindalco: Buy above 171 for targets of 173, 179 SL 167
TataSteel: Buy above 527 for targets of 531, 538 SL 522

SCORE SHEET
Bhel: Buy above 233.5 for targets of 236, 239 SL 231: Target 236.35 done
Bharatforg: Buy above 794 for targets of 800, 810 SL 788: Target 801.80 done

POSITIONAL TRADE
Voltas: Buy above 242 for target of 250 SL 237 (2-3 Days)
Aloktext: Buy above 12.7 for target of 14.1 SL 12.3 (1 Week)

Thanks and Regards

MarketPulse S&P