Market outlook for 18/09/2014

Nifty closed up 42.60 points (0.54%) at 7975.50 while Future closed at 7992.85, premium of 17.35 points.
Bank Nifty closed down 5.50 points (0.03%) at 15838.60 while Future closed at 15904.50, premium of 65.90 points.

• FII bought in Cash (Net buy 136.08 Crore)
• FII bought in index future, index option and in stock future (Net buy 1070.43 Crore)
• DII sold in Cash (Net sell 161.19 Crore)
• Most Active Nifty Call Option: 8000 and 8100.
• Most Active Nifty Put Options: 8000 and 7900.
• Advance Decline for the day was 754:800.
• McClellan's oscillator for NSE at -05.

NIFTY TECHNICAL

Current Spot: 7975.50
Pivot: 7968
5DEMA: 8014
10DEMA: 8033
20DEMA: 7996
50DEMA: 7872
RSI (14 days): 51.18
Parabolic SAR: 8165
Supports: 7945 - 7914 - 7891
Resistance: 7998 - 8021 - 8052

Nifty Future VWAP: 7986.60
Nifty Future VIX Range: 7936 - 8048
MP Values Nifty Future: VAH - 7995, POC - 7983, VAL - 7971

TARGET NIFTY
Buy Nifty Future above 7999 - 8010 - 8030 - 8060 SL - 7983
Sell Nifty Future below 7977 - 7970 - 7945 - 7925 SL - 7996

BANKNIFTY TECHNICAL

Current Spot: 15844.10
Pivot: 15859
5DEMA: 15990
10DEMA: 16012
20DEMA: 15896
50DEMA: 15629
RSI (14 days): 50.93
Parabolic SAR: 16300
Supports: 15780 - 15721 - 15642
Resistance: 15917 - 15996 - 16055

Bank Nifty Future VWAP: 15912.57
Bank Nifty Future VIX Range: 15724 - 16046
MP Values Bank Nifty Future: VAH - 15960, POC - 15926, VAL - 15892

TARGET BANKNIFTY
Buy BankNifty Future above 15930 - 15970 - 16040 - 16120 SL - 15910
Sell BankNifty Future below 15889 - 15850 - 15785 - 15710 SL - 15927

INTRADAY TRADE
Yesbank: Buy above 590 for targets of 595, 604 SL 584
Crompgreav: Buy above 216 for targets of 218, 223 SL 213

SCORE SHEET
Colpal: Buy above 1655 for targets of 1669, 1700 SL 1642: SL Hit
DrReddy: Buy above 3018 for targets of 3030, 3051 SL 3001: Target 3096.00 done

POSITIONAL TRADE
Arvind: Buy above 322 for target of 337 SL 312 (2-3 Days)
Visasteel: Buy above 21.4 for target of 23.5 SL 20.9 (1 Week)

Thanks and Regards

MarketPulse S&P