Sunday, September 28, 2014

Market outlook for 29/09/2014

Nifty closed up 57.00 points (0.72%) at 7968.85 while Future closed at 8031.90, premium of 63.05 points.
Bank Nifty closed up 308.20 points (2.01%) at 15607.25 while Future closed at 15724.75, premium of 117.50 points.
  • FII sold Huge in Cash (Net sell 1133.64 Crore)
  • FII sold in index future, stock future but bought in index option (Net sell 363.19 Crore)
  • DII bought Huge in Cash (Net buy 1335.33 Crore)
  • Most Active Nifty Call Option: 8000 and 8100.
  • Most Active Nifty Put Options: 7900 and 7800.
  • Advance Decline for the day was 867:693.
  • McClellan's oscillator for NSE at -57.
NIFTY TECHNICAL
Current Spot: 7968.85
Pivot: 7935
5DEMA: 7991
10DEMA: 8018
20DEMA: 8011
50DEMA: 7903
RSI (14 days): 48.71
Parabolic SAR: 8155
Supports: 7876 - 7783 - 7725
Resistance: 8028 - 8086 - 8179
Nifty Future VWAP: 7977.19
Nifty Future VIX Range: 7961 - 8106
MP Values Nifty Future: VAH - 8005, POC - 7960, VAL - 7915

TARGET NIFTY
Buy Nifty Future above 8038 - 8060 - 8100 - 8155 SL - 7977
Sell Nifty Future below 7978 - 7960 - 7915 - 7850 SL - 8005

BANKNIFTY TECHNICAL
Current Spot: 15607.25
Pivot: 15481
5DEMA: 15689
10DEMA: 15820
20DEMA: 15852
50DEMA: 15660
RSI (14 days): 45.09
Parabolic SAR: 16208
Supports: 15295 - 14983 - 14797
Resistance: 15793 - 15979 - 16291
Bank Nifty Future VWAP: 15515.67
Bank Nifty Future VIX Range: 15514 - 15960
MP Values Bank Nifty Future: VAH - 15590, POC - 15424, VAL - 15276

TARGET BANKNIFTY
Buy BankNifty Future above 15735 - 15810 - 15920 - 16050 SL - 15589
Sell BankNifty Future below 15579 - 15495 - 15380 - 15250 SL - 15621

INTRADAY TRADE
Hindalco: Buy above 158 for targets of 160, 165 SL 154
Dlf: Buy above 163 for targets of 165, 168 SL 160

SCORE SHEET
Gail: Buy above 454 for targets of 458, 465 SL 450: Call not Active
Zeel: Buy above 308 for targets of 311, 316 SL 303: Call not Active

POSITIONAL TRADE
Jindalstel: Buy above 185 for target of 197 SL 178 (2-3 Days)
Unitech: Buy above 20.6 for target of 22.5 SL 19.9 (1 Week)

Thanks and Regards

MarketPulse S&P

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