Market outlook for 19/09/2014

Nifty closed up 139.25 points (1.75%) at 8114.75 while Future closed at 8136.70, premium of 21.95 points.
Bank Nifty closed up 318.25 points (2.01%) at 16156.85 while Future closed at 160207.95, premium of 51.10 points.

• FII sold in Cash (Net sell 9.57 Crore)
• FII bought in index future, index option and in stock future (Net buy 870.50 Crore)
• DII bought in Cash (Net buy 84.45 Crore)
• Most Active Nifty Call Option: 8100 and 8200.
• Most Active Nifty Put Options: 8000 and 7900.
• Advance Decline for the day was 1246:308.
• McClellan's oscillator for NSE at +25.

NIFTY TECHNICAL

Current Spot: 8114.75
Pivot: 8058
5DEMA: 8047
10DEMA: 8048
20DEMA: 8007
50DEMA: 7876
RSI (14 days): 60.81
Parabolic SAR: 8156
Supports: 7996 - 7877 - 7815
Resistance: 8177 - 8240 - 8358

Nifty Future VWAP: 8082.27
Nifty Future VIX Range: 8067 - 8198
MP Values Nifty Future: VAH - 8125, POC - 8063, VAL - 8001

TARGET NIFTY
Buy Nifty Future above 8143 - 8170 - 8210 - 8260 SL - 8075
Sell Nifty Future below 8063 - 8030 - 7985 - 7925 SL - 8125

BANKNIFTY TECHNICAL

Current Spot: 16156.85
Pivot: 16034
5DEMA: 16045
10DEMA: 16038
20DEMA: 15920
50DEMA: 15638
RSI (14 days): 59.82
Parabolic SAR: 16278
Supports: 15894 - 15631 - 15491
Resistance: 16297 - 16437 - 16700

Bank Nifty Future VWAP: 16076.80
Bank Nifty Future VIX Range: 16027 - 16379
MP Values Bank Nifty Future: VAH - 16158, POC - 16022, VAL - 15886

TARGET BANKNIFTY
Buy BankNifty Future above 16220 - 16290 - 16400 - 16520 SL - 16075
Sell BankNifty Future below 16059 - 15980 - 15885 - 15720 SL - 16159

INTRADAY TRADE
TataMotors: Buy above 528 for targets of 533, 542 SL 521
Dlf: Buy above 176 for targets of 178, 181 SL 173

SCORE SHEET
Yesbank: Buy above 590 for targets of 595, 604 SL 584: Target 598.00 done
Crompgreav: Buy above 216 for targets of 218, 223 SL 213: Target 220.85 done

POSITIONAL TRADE
Zeel: Buy above 308 for target of 323 SL 302 (2-3 Days)
TnPetro: Buy above 16.0 for target of 17.9 SL 15.2 (1 Week)

Thanks and Regards

MarketPulse S&P