Market outlook for 09/09/2014

Nifty closed up 87.05 points (1.08%) at 8173.90 while Future closed at 8193.10, premium of 19.20 points.
Bank Nifty closed up 224.20 points (1.40%) at 16206.70 while Future closed at 16267.75, premium of 61.05 points.

• FII bought huge in Cash (Net buy 1162.98 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 844.33 Crore)
• DII sold in Cash (Net sell 508.37 Crore)
• Most Active Nifty Call Option: 8200 and 8300.
• Most Active Nifty Put Options: 8100 and 8000.
• Advance Decline for the day was 1155:389.
• McClellan's oscillator for NSE at +29.

NIFTY TECHNICAL

Current Spot: 8173.90
Pivot: 8160
5DEMA: 8103
10DEMA: 8041
20DEMA: 7949
50DEMA: 7816
RSI (14 days): 74.61
Parabolic SAR: 7972
Supports: 8140 - 8106 - 8086
Resistance: 8194 - 8214 - 8248

Nifty Future VWAP: 8170.48
Nifty Future VIX Range: 8134 - 8250
MP Values Nifty Future: VAH - 8179, POC - 8160, VAL - 8141

TARGET NIFTY
Buy Nifty Future above 8199 - 8210 - 8230 - 8265 SL - 8170
Sell Nifty Future below 8164 - 8155 - 8125 - 8100 SL - 8180

BANKNIFTY TECHNICAL

Current Spot: 16206.70
Pivot: 16160
5DEMA: 16062
10DEMA: 15932
20DEMA: 15725
50DEMA: 15498
RSI (14 days): 66.79
Parabolic SAR: 15807
Supports: 16096 - 15986 - 15923
Resistance: 16270 - 16333 - 16443

Bank Nifty Future VWAP: 16191.19
Bank Nifty Future VIX Range: 16079 - 16433
MP Values Bank Nifty Future: VAH - 16209, POC - 16148, VAL - 16109

TARGET BANKNIFTY
Buy BankNifty Future above 16280 - 16325 - 16390 - 16500 SL - 16208
Sell BankNifty Future below 16191 - 16160 - 16050 - 15985 SL - 16229

INTRADAY TRADE
Hindalco: Buy above 174 for targets of 175.5, 178 SL 171
Ambujacem: Buy above 220 for targets of 220, 225 SL 217

SCORE SHEET
Voltas: Buy above 262 for targets of 265, 271 SL 257: Target 266.00 done
Nmdc: Buy above 187 for targets of 189, 192 SL 184: SL Hit

POSITIONAL TRADE
Apollotyre: Buy above 212 for target of 225 SL 206 (2-3 Days)
Bajajhind: Buy above 22.5 for target of 25 SL 21.8 (1 Week)

Thanks and Regards

MarketPulse S&P