Market outlook for 26/09/2014

Nifty closed down 90.55 points (1.13%) at 7911.85 while Future closed at 7971.80, premium of 59.95 points.
Bank Nifty closed down 441.25 points (2.80%) at 15299.05 while Future closed at 15445.25, premium of 146.20 points.

• FII sold in Cash (Net sell 851.24 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 912.25 Crore)
• DII bought in Cash (Net buy 818.62 Crore)
• Most Active Nifty Call Option: 8100 and 8200.
• Most Active Nifty Put Options: 8000 and 7900.
• Advance Decline for the day was 222:1355.
• McClellan's oscillator for NSE at -73.

NIFTY TECHNICAL

Current Spot: 7911.85
Pivot: 7936
5DEMA: 8002
10DEMA: 8028
20DEMA: 8016
50DEMA: 7906
RSI (14 days): 44.31
Parabolic SAR: 8161
Supports: 7853 - 7794 - 7711
Resistance: 7995 - 8078 - 8137

Nifty Future VWAP: 8001.81
Nifty Future VIX Range: 7919 - 8055
MP Values Nifty Future: VAH - 8023, POC - 7993, VAL - 7963

TARGET NIFTY
Buy Nifty Future above 8002 - 8035 - 8080 - 8140 SL - 7990
Sell Nifty Future below 7963 - 7935 - 7890 - 7830 SL - 8001

BANKNIFTY TECHNICAL

Current Spot: 15299.05
Pivot: 15416
5DEMA: 15729
10DEMA: 15868
20DEMA: 15878
50DEMA: 15677
RSI (14 days): 36.35
Parabolic SAR: 16251
Supports: 15097 - 14895 - 14576
Resistance: 15618 - 15936 - 16138

Bank Nifty Future VWAP: 15571.35
Bank Nifty Future VIX Range: 15303 - 15701
MP Values Bank Nifty Future: VAH - 15645, POC - 15518, VAL - 15391

TARGET BANKNIFTY
Buy BankNifty Future above 15571 - 15670 - 15800 - 16040 SL - 15544
Sell BankNifty Future below 15422 - 15320 - 15185 - 15000 SL - 15560

INTRADAY TRADE
Gail: Buy above 454 for targets of 458, 465 SL 450
Zeel: Buy above 308 for targets of 311, 316 SL 303

SCORE SHEET
Dlf: Buy above 160 for targets of 162, 166 SL 157: Target 161.40 done
CoalIndia: Buy above 353 for targets of 356, 363 SL 347: Call not Active

POSITIONAL TRADE
Infratel: Buy above 302 for target of 315 SL 296 (2-3 Days)
Murudcera: Buy above 21.8 for target of 24.0 SL 21.3 (1 Week)

Thanks and Regards

MarketPulse S&P