Market outlook for 22/09/2014

Nifty closed up 6.70 points (0.08%) at 8121.45 while Future closed at 8131.00, premium of 9.55 points.
Bank Nifty closed down 4.70 points (0.03%) at 16152.15 while Future closed at 16160.40, premium of 8.25 points.

• FII sold in Cash (Net sell 6.53 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 1398.32 Crore)
• DII bought in Cash (Net buy 237.15 Crore)
• Most Active Nifty Call Option: 8100 and 8200.
• Most Active Nifty Put Options: 8100 and 8000.
• Advance Decline for the day was 706:848.
• McClellan's oscillator for NSE at +16.

NIFTY TECHNICAL

Current Spot: 8121.45
Pivot: 8129
5DEMA: 8072
10DEMA: 8061
20DEMA: 8018
50DEMA: 7881
RSI (14 days): 61.31
Parabolic SAR: 7925
Supports: 8098 - 8074 - 8042
Resistance: 8153 - 8185 - 8209

Nifty Future VWAP: 8137.45
Nifty Future VIX Range: 8066 - 8194
MP Values Nifty Future: VAH - 8151, POC - 8139, VAL - 8127

TARGET NIFTY
Buy Nifty Future above 8142 - 8155 - 8185 - 8210 SL - 8127
Sell Nifty Future below 8122 - 8110 - 8085 - 8055 SL - 8140

BANKNIFTY TECHNICAL

Current Spot: 16152.15
Pivot: 16138
5DEMA: 16081
10DEMA: 16059
20DEMA: 15942
50DEMA: 15647
RSI (14 days): 59.71
Parabolic SAR: 16248
Supports: 16079 - 16005 - 15946
Resistance: 16212 - 16271 - 16344

Bank Nifty Future VWAP: 16149.84
Bank Nifty Future VIX Range: 15980 - 16322
MP Values Bank Nifty Future: VAH - 16180, POC - 16144, VAL - 16108

TARGET BANKNIFTY
Buy BankNifty Future above 16180 - 16230 - 16310 - 16390 SL - 16144
Sell BankNifty Future below 16132 - 16090 - 16005 - 15930 SL - 16169

INTRADAY TRADE
Ambujacem: Buy above 215.5 for targets of 218, 222 SL 213
Idea: Buy above 175 for targets of 177, 181 SL 173

SCORE SHEET
TataMotors: Buy above 528 for targets of 533, 542 SL 521: SL Hit
Dlf: Buy above 176 for targets of 178, 181 SL 173: Call not Active

POSITIONAL TRADE
TataGlobal: Buy above 170 for target of 178 SL 167 (2-3 Days)
Mudra: Buy above 16.5 for target of 18.0 SL 16.1 (1 Week)

Thanks and Regards

MarketPulse S&P