Market outlook for 30/09/2014

Nifty closed down 9.95 points (0.12%) at 7958.90 while Future closed at 7993.90, premium of 35.00 points.
Bank Nifty closed down 133.70 points (0.86%) at 15473.55 while Future closed at 15542.35, premium of 68.80 points.

• FII bought in Cash (Net buy 150.10 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 502.78 Crore)
• DII bought in Cash (Net buy 234.52 Crore)
• Most Active Nifty Call Option: 8100 and 8200.
• Most Active Nifty Put Options: 8000 and 7900.
• Advance Decline for the day was 1005:536.
• McClellan's oscillator for NSE at -33.

NIFTY TECHNICAL

Current Spot: 7958.90
Pivot: 7962
5DEMA: 7980
10DEMA: 8007
20DEMA: 8006
50DEMA: 7914
RSI (14 days): 47.81
Parabolic SAR: 8142
Supports: 7932 - 7905 - 7875
Resistance: 7989 - 8019 - 8046

Nifty Future VWAP: 8009.07
Nifty Future VIX Range: 7938 - 8078
MP Values Nifty Future: VAH - 8031, POC - 8014, VAL - 7997

TARGET NIFTY
Buy Nifty Future above 8009 - 8025 - 8060 - 8095 SL - 7997
Sell Nifty Future below 7982 - 7967 - 7935 - 7900 SL - 8009

BANKNIFTY TECHNICAL

Current Spot: 15473.55
Pivot: 15510
5DEMA: 15617
10DEMA: 15757
20DEMA: 15817
50DEMA: 15668
RSI (14 days): 42.30
Parabolic SAR: 16145
Supports: 15384 - 15295 - 15168
Resistance: 15600 - 15726 - 15815

Bank Nifty Future VWAP: 15610.17
Bank Nifty Future VIX Range: 15332 - 15768
MP Values Bank Nifty Future: VAH - 15671, POC - 15614, VAL - 15557

TARGET BANKNIFTY
Buy BankNifty Future above 15614 - 15690 - 15820 - 15940 SL - 15556
Sell BankNifty Future below 15519 - 15450 - 15350 - 15220 SL - 15611

INTRADAY TRADE
TvsMotor: Buy above 230 for targets of 233, 237 SL 226
Hindalco: Buy above 160.5 for targets of 162, 166 SL 158

SCORE SHEET
Hindalco: Buy above 158 for targets of 160, 165 SL 154: Target 161.65 done
Dlf: Buy above 163 for targets of 165, 168 SL 160: SL Hit

POSITIONAL TRADE
Bharatforg: Buy above 841 for target of 860 SL 831 (2-3 Days)
Aloktext: Buy above 12.6 for target of 15.0 SL 12.1 (1 Week)

Thanks and Regards

MarketPulse S&P