Market outlook for 11/09/2014

Nifty closed down 58.85 points (0.72%) at 8094.10 while Future closed at 8130.70, premium of 36.60 points.
Bank Nifty closed down 5.00 points (0.03%) at 16151.75 while Future closed at 16233.00, premium of 81.25 points.

• FII sold in Cash (Net sell 9.91 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 662.71 Crore)
• DII sold in Cash (Net sell 511.25 Crore)
• Most Active Nifty Call Option: 8100 and 8200.
• Most Active Nifty Put Options: 8100 and 8000.
• Advance Decline for the day was 889:686.
• McClellan's oscillator for NSE at +30.

NIFTY TECHNICAL

Current Spot: 8094.10
Pivot: 8104
5DEMA: 8111
10DEMA: 8067
20DEMA: 7980
50DEMA: 7840
RSI (14 days): 64.56
Parabolic SAR: 8040
Supports: 8072 - 8050 - 8019
Resistance: 8126 - 8158 - 8180

Nifty Future VWAP: 8132.06
Nifty Future VIX Range: 8082 - 8193
MP Values Nifty Future: VAH - 8143, POC - 8133, VAL - 8123

TARGET NIFTY
Buy Nifty Future above 8143 - 8155 - 8175 - 8205 SL - 8122
Sell Nifty Future below 8119 - 8110 - 8085 - 8060 SL - 8136

BANKNIFTY TECHNICAL

Current Spot: 16151.75
Pivot: 16132
5DEMA: 16113
10DEMA: 16005
20DEMA: 15803
50DEMA: 15537
RSI (14 days): 64.75
Parabolic SAR: 15943
Supports: 16074 - 15995 - 15937
Resistance: 16210 - 16269 - 16347

Bank Nifty Future VWAP: 16173.75
Bank Nifty Future VIX Range: 16091 - 16423
MP Values Bank Nifty Future: VAH - 16234, POC - 16187, VAL - 16140

TARGET BANKNIFTY
Buy BankNifty Future above 16245 - 16290 - 16350 - 16450 SL - 16173
Sell BankNifty Future below 16171 - 16140 - 16050 - 15985 SL - 16235

INTRADAY TRADE
Sslt: Buy above 287 for targets of 289, 292 SL 283
Zeel: Buy above 294 for targets of 297, 301 SL 289

SCORE SHEET
Idea: Buy above 175.5 for targets of 177.5, 181 SL 172: SL Hit
Tatamtrdvr: Buy above 384 for targets of 387, 393 SL 379: Target 389.65

POSITIONAL TRADE
Voltas: Buy above 267 for target of 277 SL 264 (2-3 Days)
Hfcl: Buy above 18.7 for target of 21 SL 18.3 (1 Week)

Thanks and Regards

MarketPulse S&P