Market outlook for 04/09/2014

Nifty closed up 31.55 points (0.39%) at 8114.60 while Future closed at 8140.45, premium of 25.85 points.
Bank Nifty closed down 20.55 points (0.13%) at 16110.00 while Future closed at 16183.00, premium of 73.00 points.

• FII bought in Cash (Net buy 1288.57 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 478.20 Crore)
• DII sold in Cash (Net sell 469.69 Crore)
• Most Active Nifty Call Option: 8200 and 8300.
• Most Active Nifty Put Options: 8100 and 8000.
• Advance Decline for the day was 762:791.
• McClellan's oscillator for NSE at +14.

NIFTY TECHNICAL

Current Spot: 8114.60
Pivot: 8116
5DEMA: 8038
10DEMA: 7972
20DEMA: 7888
50DEMA: 7756
RSI (14 days): 74.34
Parabolic SAR: 7845
Supports: 8091 - 8067 - 8041
Resistance: 8140 - 8166 - 8190

Nifty Future VWAP: 8141.57
Nifty Future VIX Range: 8084 - 8203
MP Values Nifty Future: VAH - 8160, POC - 8145, VAL - 8130

TARGET NIFTY
Buy Nifty Future above 8150 - 8165 - 8185 - 8220 SL - 8140
Sell Nifty Future below 8129 - 8118 - 8095 - 8065 SL - 8149

BANKNIFTY TECHNICAL

Current Spot: 16110.00
Pivot: 16122
5DEMA: 15972
10DEMA: 15804
20DEMA: 15600
50DEMA: 15397
RSI (14 days): 67.24
Parabolic SAR: 15527
Supports: 16036 - 15962 - 15875
Resistance: 16196 - 16283 - 16357

Bank Nifty Future VWAP: 16177.38
Bank Nifty Future VIX Range: 16009 - 16375
MP Values Bank Nifty Future: VAH - 16220, POC - 16176, VAL - 16132

TARGET BANKNIFTY
Buy BankNifty Future above 16220 - 16270 - 16350 - 16460 SL - 16175
Sell BankNifty Future below 16159 - 16105 - 16020 - 15915 SL - 16202

INTRADAY TRADE
YesBank: Buy above 626 for targets of 630, 638 SL 619
Crompgreav: Buy above 212 for targets of 214, 217 SL 209

SCORE SHEET
Ambujacem: Buy above 216 for targets of 218, 221 SL 213: Target 217.40 done
Dlf: Buy above 185 for targets of 187, 190 SL 182: Target 186.90 done

POSITIONAL TRADE
Psl: Buy above 18.3 for target of 19 SL 18.1 (2-3 Days)
Compusoft: Buy above 14.0 for target of 15.5 SL 13.1 (1 Week)

Thanks and Regards

MarketPulse S&P