Market outlook for 08/10/2014

Nifty closed down 93.15 points (1.17%) at 7852.40 while Future closed at 7890.90, premium of 38.50 points.
Bank Nifty closed down 135.95 points (0.89%) at 15180.25 while Future closed at 15260.45, premium of 80.20 points.

• FII sold in Cash (Net sell 332.84 Crore)
• FII sold in stock future but bought in index future, index option (Net sell 123.02 Crore)
• DII bought in Cash (Net buy 327.65 Crore)
• Most Active Nifty Call Option: 8000 and 8100.
• Most Active Nifty Put Options: 7900 and 7800.
• Advance Decline for the day was 483:1075.
• McClellan's oscillator for NSE at -51.

NIFTY TECHNICAL

Current Spot: 7852.40
Pivot: 7879
5DEMA: 7928
10DEMA: 7965
20DEMA: 7984
50DEMA: 7929
RSI (14 days): 40.06
Parabolic SAR: 8107
Supports: 7816 - 7779 - 7715
Resistance: 7916 - 7980 - 8016

Nifty Future VWAP: 7924.95
Nifty Future VIX Range: 7825 - 7959
MP Values Nifty Future: VAH - 7965, POC - 7934, VAL - 7903

TARGET NIFTY
Buy Nifty Future above 7925 - 7942 - 7980 - 8025 SL - 7903
Sell Nifty Future below 7879 - 7863 - 7835 - 7780 SL - 7924

BANKNIFTY TECHNICAL

Current Spot: 15180.25
Pivot: 15228
5DEMA: 15371
10DEMA: 15542
20DEMA: 15680
50DEMA: 15634
RSI (14 days): 36.64
Parabolic SAR: 15979
Supports: 15110 - 15041 - 14924
Resistance: 15297 - 15414 - 15484

Bank Nifty Future VWAP: 15317.31
Bank Nifty Future VIX Range: 15035 - 15433
MP Values Bank Nifty Future: VAH - 15362, POC - 15316, VAL - 15270

TARGET BANKNIFTY
Buy BankNifty Future above 15317 - 15365 - 15470 - 15545 SL - 15270
Sell BankNifty Future below 15239 - 15195 - 15130 - 15020 SL - 15316

INTRADAY TRADE
Gail: Buy above 445 for targets of 448, 454 SL 439
Apollotyre: Buy above 211 for targets of 213, 219 SL 207

SCORE SHEET
Wipro: Buy above 617 for targets of 621, 630 SL 609: Target 621.90 done
Exideind: Buy above 173 for targets of 174.5, 177 SL 171: Target 175.50 done

POSITIONAL TRADE
Escorts: Buy above 156 for target of 163 SL 153 (2-3 Days)
Ibpow: Buy above 13.1 for target of 15.0 SL 12.7 (1 Week)

Thanks and Regards

MarketPulse S&P