Market outlook for 05/09/2014

Nifty closed down 18.65 points (0.23%) at 8095.95 while Future closed at 8132.40, premium of 36.45 points.
Bank Nifty closed down 76.45 points (0.47%) at 16033.55 while Future closed at 16118.85, premium of 85.30 points.

• FII bought huge in Cash (Net buy 1697.74 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 988.43 Crore)
• DII sold in Cash (Net sell 555.23 Crore)
• Most Active Nifty Call Option: 8200 and 8300.
• Most Active Nifty Put Options: 8100 and 8000.
• Advance Decline for the day was 536:1016.
• McClellan's oscillator for NSE at -04.

NIFTY TECHNICAL

Current Spot: 8095.95
Pivot: 8091
5DEMA: 8057
10DEMA: 7995
20DEMA: 7908
50DEMA: 7769
RSI (14 days): 71.92
Parabolic SAR: 7893
Supports: 8066 - 8037 - 8012
Resistance: 8120 - 8144 - 8174

Nifty Future VWAP: 8113.26
Nifty Future VIX Range: 8080 - 8195
MP Values Nifty Future: VAH - 8119, POC - 8108, VAL - 8097

TARGET NIFTY
Buy Nifty Future above 8138 - 8150 - 8165 - 8190 SL - 8113
Sell Nifty Future below 8108 - 8097 - 8080 - 8055 SL - 8125

BANKNIFTY TECHNICAL

Current Spot: 16033.55
Pivot: 16025
5DEMA: 15993
10DEMA: 15846
20DEMA: 15641
50DEMA: 15428
RSI (14 days): 64.28
Parabolic SAR: 15636
Supports: 15935 - 15837 - 15747
Resistance: 16123 - 16213 - 16311

Bank Nifty Future VWAP: 16076.43
Bank Nifty Future VIX Range: 15948 - 16303
MP Values Bank Nifty Future: VAH - 16105, POC - 16068, VAL - 16031

TARGET BANKNIFTY
Buy BankNifty Future above 16131 - 16180 - 16250 - 16340 SL - 16075
Sell BankNifty Future below 16068 - 16035 - 15950 - 15880 SL - 16108

INTRADAY TRADE
Upl: Buy above 372 for targets of 375, 382 SL 366
TataGlobal: Buy above 163 for targets of 165, 169 SL 159

SCORE SHEET
YesBank: Buy above 626 for targets of 630, 638 SL 619: Call not active
Crompgreav: Buy above 212 for targets of 214, 217 SL 209: Target 214.45 done

POSITIONAL TRADE
Arvind: Buy above 326 for target of 342 SL 317 (2-3 Days)
Hfcl: Buy above 15.2 for target of 17.0 SL 14.7 (1 Week)

Thanks and Regards

MarketPulse S&P