Market outlook for 03/09/2014

Nifty closed up 55.35 points (0.69%) at 8083.05 while Future closed at 8121.45, premium of 38.40 points.
Bank Nifty closed up 117.75 points (0.74%) at 16130.55 while Future closed at 16205.10, premium of 74.55 points.

• FII bought in Cash (Net buy 672.81 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1050.22 Crore)
• DII sold in Cash (Net sell 167.85 Crore)
• Most Active Nifty Call Option: 8100 and 8200.
• Most Active Nifty Put Options: 8000 and 7900.
• Advance Decline for the day was 925:627.
• McClellan's oscillator for NSE at +17.

NIFTY TECHNICAL

Current Spot: 8083.05
Pivot: 8074
5DEMA: 7999
10DEMA: 7941
20DEMA: 7864
50DEMA: 7737
RSI (14 days): 73.00
Parabolic SAR: 7797
Supports: 8046 - 8008 - 7980
Resistance: 8111 - 8139 - 8177

Nifty Future VWAP: 8099.95
Nifty Future VIX Range: 8065 - 8187
MP Values Nifty Future: VAH - 8139, POC - 8113, VAL - 8083

TARGET NIFTY
Buy Nifty Future above 8128 - 8140 - 8165 - 8205 SL - 8099
Sell Nifty Future below 8093 - 8075 - 8050 - 8005 SL - 8113

BANKNIFTY TECHNICAL

Current Spot: 16130.55
Pivot: 16116
5DEMA: 15903
10DEMA: 15736
20DEMA: 15546
50DEMA: 15371
RSI (14 days): 68.01
Parabolic SAR: 15416
Supports: 16062 - 15993 - 15938
Resistance: 16185 - 16240 - 16309

Bank Nifty Future VWAP: 16180.20
Bank Nifty Future VIX Range: 16016 - 16395
MP Values Bank Nifty Future: VAH - 16220, POC - 16186, VAL - 16152

TARGET BANKNIFTY
Buy BankNifty Future above 16220 - 16260 - 16310 - 16390 SL - 16179
Sell BankNifty Future below 16169 - 16140 - 16090 - 16010 SL - 16202

INTRADAY TRADE
Ambujacem: Buy above 216 for targets of 218, 221 SL 213
Dlf: Buy above 185 for targets of 187, 190 SL 182

SCORE SHEET
Hindalco: Buy above 177 for targets of 179, 183 SL 174: SL Hit
Crompgreav: Buy above 205 for targets of 207, 211 SL 202: SL Hit

POSITIONAL TRADE
Bhartiartl: Buy above 394 for target of 409 SL 386 (2-3 Days)
Ballarpur: Buy above 17.8 for target of 19.9 SL 17.1 (1 Week)

Thanks and Regards

MarketPulse S&P