Market outlook for 02/09/2014

Nifty closed up 73.35 points (0.92%) at 8027.70 while Future closed at 8069.45, premium of 41.75 points.
Bank Nifty closed up 272.40 points (1.73%) at 16012.80 while Future closed at 16112.90, premium of 100.10 points.

• FII bought in Cash (Net buy 554.14 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 2175.87 Crore)
• DII sold in Cash (Net sell 561.69 Crore)
• Most Active Nifty Call Option: 8100 and 8200.
• Most Active Nifty Put Options: 8000 and 7900.
• Advance Decline for the day was 1104:469.
• McClellan's oscillator for NSE at +08.

NIFTY TECHNICAL

Current Spot: 8027.70
Pivot: 8016
5DEMA: 7957
10DEMA: 7909
20DEMA: 7841
50DEMA: 7723
RSI (14 days): 70.30
Parabolic SAR: 7756
Supports: 7996 - 7965 - 7945
Resistance: 8047 - 8067 - 8098

Nifty Future VWAP: 8048.67
Nifty Future VIX Range: 8011 - 8133
MP Values Nifty Future: VAH - 8061, POC - 8044, VAL - 8027

TARGET NIFTY
Buy Nifty Future above 8076 - 8085 - 8105 - 8145 SL - 8043
Sell Nifty Future below 8042 - 8030 - 8010 - 7975 SL - 8062

BANKNIFTY TECHNICAL

Current Spot: 16012.80
Pivot: 15954
5DEMA: 15790
10DEMA: 15649
20DEMA: 15485
50DEMA: 15339
RSI (14 days): 65.97
Parabolic SAR: 15313
Supports: 15849 - 15684 - 15579
Resistance: 16119 - 16224 - 16389

Bank Nifty Future VWAP: 16015.82
Bank Nifty Future VIX Range: 15968 - 16354
MP Values Bank Nifty Future: VAH - 16169, POC - 16052, VAL - 15934

TARGET BANKNIFTY
Buy BankNifty Future above 16125 - 16210 - 16340 - 16500 SL - 16014
Sell BankNifty Future below 16009 - 15920 - 15790 - 15620 SL - 16054

INTRADAY TRADE
Hindalco: Buy above 177 for targets of 179, 183 SL 174
Crompgreav: Buy above 205 for targets of 207, 211 SL 202

SCORE SHEET
Tatacomm: Buy above 378 for targets of 382, 388 SL 373: Target 381.50 done
Arvind: Buy above 288 for targets of 291, 296 SL 284: Target 293.85 done

POSITIONAL TRADE
Jindalstel: Buy above 250 for target of 265 SL 243 (2-3 Days)
Unitech: Buy above 24 for target of 26 SL 23.2 (1 Week)

Thanks and Regards

MarketPulse S&P