Market outlook for 08/09/2014

Nifty closed down 9.10 points (0.11%) at 8086.85 while Future closed at 8116.70, premium of 29.85 points.
Bank Nifty closed down 51.05 points (0.32%) at 15982.50 while Future closed at 16060.95, premium of 78.45 points.

• FII bought in Cash (Net buy 310.51 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 441.83 Crore)
• DII sold in Cash (Net sell 354.81 Crore)
• Most Active Nifty Call Option: 8100 and 8200.
• Most Active Nifty Put Options: 8100 and 8000.
• Advance Decline for the day was 887:674.
• McClellan's oscillator for NSE at +04.

NIFTY TECHNICAL

Current Spot: 8086.85
Pivot: 8086
5DEMA: 8067
10DEMA: 8012
20DEMA: 7925
50DEMA: 7787
RSI (14 days): 70.59
Parabolic SAR: 7933
Supports: 8050 - 8014 - 7977
Resistance: 8123 - 8159 - 8196

Nifty Future VWAP: 8111.13
Nifty Future VIX Range: 8057 - 8169
MP Values Nifty Future: VAH - 8122, POC - 8104, VAL - 8086

TARGET NIFTY
Buy Nifty Future above 8123 - 8145 - 8170 - 8210 SL - 8104
Sell Nifty Future below 8101 - 8080 - 8055 - 8015 SL - 8122

BANKNIFTY TECHNICAL

Current Spot: 15982.50
Pivot: 15995
5DEMA: 15989
10DEMA: 15871
20DEMA: 15674
50DEMA: 15446
RSI (14 days): 62.38
Parabolic SAR: 15728
Supports: 15879 - 15776 - 15660
Resistance: 16098 - 16214 - 16318

Bank Nifty Future VWAP: 16060.83
Bank Nifty Future VIX Range: 15883 - 16227
MP Values Bank Nifty Future: VAH - 16090, POC - 16036, VAL - 15982

TARGET BANKNIFTY
Buy BankNifty Future above 16090 - 16170 - 16270 - 16390 SL - 16036
Sell BankNifty Future below 16034 - 15961 - 15860 - 15740 SL - 16078

INTRADAY TRADE
Voltas: Buy above 262 for targets of 265, 271 SL 257
Nmdc: Buy above 187 for targets of 189, 192 SL 184

SCORE SHEET
Upl: Buy above 372 for targets of 375, 382 SL 366: Target 382.00 done
TataGlobal: Buy above 163 for targets of 165, 169 SL 159: Target 164.50 done

POSITIONAL TRADE
Crompgreav: Buy above 219 for target of 226 SL 214 (2-3 Days)
Spic: Buy above 24.5 for target of 27 SL 23.9 (1 Week)

Thanks and Regards

MarketPulse S&P