Wednesday, August 27, 2014

Market outlook for 28/08/2014

Nifty closed up 31.30 points (0.40%) at 7936.05 while Future closed at 7931.60, discount of 4.45 points.
Bank Nifty closed up 93.55 points (0.60%) at 15717.65 while Future closed at 15713.60, discount of 4.05 points.
  • FII bought in Cash (Net buy 290.18 Crore)
  • FII bought in index future, stock future but sold in index option (Net buy 530.27 Crore)
  • DII also bought in Cash (Net buy 236.99 Crore)
  • Most Active Nifty Call Option: 7900 and 8000.
  • Most Active Nifty Put Options: 7900 and 7800.
  • Advance Decline for the day was 852:695.
  • McClellan's oscillator for NSE at -11.
NIFTY TECHNICAL
Current Spot: 7936.05
Pivot: 7933
5DEMA: 7906
10DEMA: 7867
20DEMA: 7807
50DEMA: 7697
RSI (14 days): 64.91
Parabolic SAR: 7698
Supports: 7919 - 7903 - 7889
Resistance: 7950 - 7963 - 7980
Nifty Future VWAP: 7934.31
Nifty Future VIX Range: 7886 - 8000
MP Values Nifty Future: VAH - 7942, POC - 7933, VAL - 7924

TARGET NIFTY
Buy Nifty Future above 7938 - 7950 - 7965 - 7985 SL - 7924
Sell Nifty Future below 7921 - 7910 - 7895 - 7875 SL - 7935

BANKNIFTY TECHNICAL
Current Spot: 15717.65
Pivot: 15715
5DEMA: 15647
10DEMA: 15529
20DEMA: 15396
50DEMA: 15276
RSI (14 days): 60.15
Parabolic SAR: 15148
Supports: 15672 - 15625 - 15582
Resistance: 15761 - 15805 - 15851
Bank Nifty Future VWAP: 15713.71
Bank Nifty Future VIX Range: 15559 - 15918
MP Values Bank Nifty Future: VAH - 15736, POC - 15713, VAL - 15690

TARGET BANKNIFTY
Buy BankNifty Future above 15736 - 15765 - 15810 - 15880 SL - 15713
Sell BankNifty Future below 15689 - 15670 - 15620 - 15565 SL - 15720

INTRADAY TRADE
Dabur: Buy above 233 for targets of 235, 239 SL 230
Jindalstel: Buy above 245 for targets of 247, 251 SL 242

SCORE SHEET
Hindalco: Buy above 171 for targets of 173, 179 SL 167: Target 173.30 done
TataSteel: Buy above 527 for targets of 531, 538 SL 522: Target 531.90 done

POSITIONAL TRADE
Havells: Buy above 296 for target of 308 SL 289 (2-3 Days)
Zeemedia: Buy above 18.5 for target of 20.5 SL 17.7 (1 Week)

Thanks and Regards

MarketPulse S&P

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