Tuesday, September 9, 2014

Market outlook for 10/09/2014

Nifty closed down 20.95 points (0.26%) at 8152.95 while Future closed at 8182.20, premium of 29.25 points.
Bank Nifty closed down 49.95 points (0.31%) at 16156.75 while Future closed at 16228.45, premium of 71.70 points.
  • FII bought in Cash (Net buy 479.40 Crore)
  • FII sold in index future, index option and in stock future (Net sell 632.46 Crore)
  • DII sold in Cash (Net sell 752.09 Crore)
  • Most Active Nifty Call Option: 8200 and 8300.
  • Most Active Nifty Put Options: 8100 and 8000.
  • Advance Decline for the day was 819:723.
  • McClellan's oscillator for NSE at +28.
NIFTY TECHNICAL
Current Spot: 8152.95
Pivot: 8151
5DEMA: 8119
10DEMA: 8061
20DEMA: 7968
50DEMA: 7829
RSI (14 days): 71.85
Parabolic SAR: 8010
Supports: 8128 - 8103 - 8080
Resistance: 8176 - 8199 - 8224
Nifty Future VWAP: 8175.44
Nifty Future VIX Range: 8127 - 8239
MP Values Nifty Future: VAH - 8188, POC - 8178, VAL - 8168

TARGET NIFTY
Buy Nifty Future above 8188 - 8198 - 8215 - 8240 SL - 8175
Sell Nifty Future below 8168 - 8160 - 8145 - 8120 SL - 8185

BANKNIFTY TECHNICAL
Current Spot: 16156.75
Pivot: 16147
5DEMA: 16093
10DEMA: 15973
20DEMA: 15766
50DEMA: 15524
RSI (14 days): 64.67
Parabolic SAR: 15882
Supports: 16095 - 16034 - 15982
Resistance: 16209 - 16261 - 16322
Bank Nifty Future VWAP: 16204.61
Bank Nifty Future VIX Range: 16067 - 16410
MP Values Bank Nifty Future: VAH - 16236, POC - 16207, VAL - 16178

TARGET BANKNIFTY
Buy BankNifty Future above 16241 - 16285 - 16350 - 16430 SL - 16204
Sell BankNifty Future below 16191 - 16160 - 16080 - 16015 SL - 16236

INTRADAY TRADE
Idea: Buy above 175.5 for targets of 177.5, 181 SL 172
Tatamtrdvr: Buy above 384 for targets of 387, 393 SL 379

SCORE SHEET
Hindalco: Buy above 174 for targets of 175.5, 178 SL 171: SL Hit
Ambujacem: Buy above 220 for targets of 222, 225 SL 217: Target 221.15

POSITIONAL TRADE
Jindalstel: Buy above 243 for target of 257 SL 239 (2-3 Days)
Nhpc: Buy above 22.7 for target of 25 SL 22.1 (1 Week)

Thanks and Regards

MarketPulse S&P

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