Market outlook for 17/09/2014

Nifty closed down 109.10 points (1.36%) at 7932.90 while Future closed at 7960.85, premium of 27.95 points.
Bank Nifty closed down 323.45 points (2.00%) at 15844.10 while Future closed at 15897.30, premium of 53.20 points.

• FII sold in Cash (Net sell 828.95 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 758.27 Crore)
• DII bought in Cash (Net buy 465.61 Crore)
• Most Active Nifty Call Option: 8000 and 8100.
• Most Active Nifty Put Options: 8000 and 7900.
• Advance Decline for the day was 226:1351.
• McClellan's oscillator for NSE at -03.

NIFTY TECHNICAL

Current Spot: 7932.90
Pivot: 7968
5DEMA: 8033
10DEMA: 8046
20DEMA: 7998
50DEMA: 7860
RSI (14 days): 47.80
Parabolic SAR: 8175
Supports: 7890 - 7848 - 7771
Resistance: 8010 - 8087 - 8130

Nifty Future VWAP: 8001.29
Nifty Future VIX Range: 7899 - 8013
MP Values Nifty Future: VAH - 8014, POC - 7976, VAL - 7953

TARGET NIFTY
Buy Nifty Future above 8002 - 8020 - 8065 - 8120 SL - 7976
Sell Nifty Future below 7952 - 7930 - 7890 - 7835 SL - 8001

BANKNIFTY TECHNICAL

Current Spot: 15844.10
Pivot: 15943
5DEMA: 16065
10DEMA: 16050
20DEMA: 15901
50DEMA: 15592
RSI (14 days): 51.36
Parabolic SAR: 16310
Supports: 15716 - 15588 - 15361
Resistance: 16071 - 16298 - 16426

Bank Nifty Future VWAP: 16037.81
Bank Nifty Future VIX Range: 15705 - 16037
MP Values Bank Nifty Future: VAH - 16110, POC - 15931, VAL - 15872

TARGET BANKNIFTY
Buy BankNifty Future above 16038 - 16120 - 16240 - 16400 SL - 15931
Sell BankNifty Future below 15872 - 15780 - 15650 - 15480 SL - 16007

INTRADAY TRADE
Colpal: Buy above 1655 for targets of 1669, 1700 SL 1642
DrReddy: Buy above 3018 for targets of 3030, 3051 SL 3001

SCORE SHEET
Infratel: Buy above 299 for targets of 303, 310 SL 293: Target 306.30 done
Unionbank: Buy above 222 for targets of 224, 229 SL 218: Target 225.30 done

POSITIONAL TRADE
Mastek: Buy above 310 for target of 325 SL 301 (2-3 Days)
Nagreekcap: Buy above 21 for target of 22.5 SL 20.6 (1 Week)

Thanks and Regards

MarketPulse S&P