Market outlook for 25/09/2014

Nifty closed down 15.15 points (0.19%) at 8002.40 while Future closed at 8015.20, premium of 12.80 points.
Bank Nifty closed down 162.55 points (1.02%) at 15740.30 while Future closed at 15765.55, premium of 25.25 points.

• FII sold Huge in Cash (Net sell 793.65 Crore)
• FII sold in index future, stock future and in index option (Net sell 1677.03 Crore)
• DII sold in Cash (Net sell 15.29 Crore)
• Most Active Nifty Call Option: 8000 and 8100.
• Most Active Nifty Put Options: 8000 and 7900.
• Advance Decline for the day was 381:1169.
• McClellan's oscillator for NSE at -42.

NIFTY TECHNICAL

Current Spot: 8002.40
Pivot: 7998
5DEMA: 8048
10DEMA: 8054
20DEMA: 8027
50DEMA: 7907
RSI (14 days): 50.49
Parabolic SAR: 7939
Supports: 7954 - 7906 - 7862
Resistance: 8046 - 8090 - 8138

Nifty Future VWAP: 8012.72
Nifty Future VIX Range: 7951 - 8081
MP Values Nifty Future: VAH - 8033, POC - 8014, VAL - 7995

TARGET NIFTY
Buy Nifty Future above 8033 - 8050 - 8085 - 8130 SL - 8004
Sell Nifty Future below 7995 - 7975 - 7945 - 7895 SL - 8014

BANKNIFTY TECHNICAL

Current Spot: 15740.30
Pivot: 15774
5DEMA: 15945
10DEMA: 15994
20DEMA: 15940
50DEMA: 15698
RSI (14 days): 45.93
Parabolic SAR: 16272
Supports: 15593 - 15445 - 15264
Resistance: 15921 - 16102 - 16250

Bank Nifty Future VWAP: 15807.72
Bank Nifty Future VIX Range: 15572 - 15914
MP Values Bank Nifty Future: VAH - 15907, POC - 15811, VAL - 15715

TARGET BANKNIFTY
Buy BankNifty Future above 15811 - 15910 - 16035 - 16190 SL - 15783
Sell BankNifty Future below 15742 - 15650 - 15515 - 15350 SL - 15808

INTRADAY TRADE
Dlf: Buy above 160 for targets of 162, 166 SL 157
CoalIndia: Buy above 353 for targets of 356, 363 SL 347

SCORE SHEET
Hcltech: Buy above 1730 for targets of 1737, 1753 SL 1717: Target 1735 done
Ibulhsgfin: Buy above 430 for targets of 434, 443 SL 424: Target 442.40 done

POSITIONAL TRADE
Dpscltd: Buy above 21.1 for target of 22.3 SL 20.6 (2-3 Days)
Arrowtex: Buy above 13.5 for target of 15.2 SL 13.1 (1 Week)

Thanks and Regards

MarketPulse S&P