Market outlook for 09/10/2014

Nifty closed down 9.70 points (0.12%) at 7842.70 while Future closed at 7895.50, premium of 52.80 points.
Bank Nifty closed up 163.75 points (1.08%) at 15344.00 while Future closed at 15451.20, premium of 107.20 points.

• FII sold in Cash (Net sell 1440.99 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 831.43 Crore)
• DII bought in Cash (Net buy 663.09 Crore)
• Most Active Nifty Call Option: 8000 and 8100.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 672:862.
• McClellan's oscillator for NSE at -49.

NIFTY TECHNICAL

Current Spot: 7842.70
Pivot: 7843
5DEMA: 7899
10DEMA: 7942
20DEMA: 7970
50DEMA: 7911
RSI (14 days): 39.82
Parabolic SAR: 8096
Supports: 7816 - 7789 - 7762
Resistance: 7870 - 7897 - 7924

Nifty Future VWAP: 7887.87
Nifty Future VIX Range: 7831 - 7962
MP Values Nifty Future: VAH - 7909, POC - 7893, VAL - 7877

TARGET NIFTY
Buy Nifty Future above 7909 - 7922 - 7950 - 7985 SL - 7887
Sell Nifty Future below 7877 - 7865 - 7835 - 7830 SL - 7800

BANKNIFTY TECHNICAL

Current Spot: 15344.00
Pivot: 15282
5DEMA: 15362
10DEMA: 15506
20DEMA: 15647
50DEMA: 15590
RSI (14 days): 41.86
Parabolic SAR: 15911
Supports: 15192 - 15041 - 14951
Resistance: 15434 - 15524 - 15675

Bank Nifty Future VWAP: 15375.53
Bank Nifty Future VIX Range: 15244 - 15646
MP Values Bank Nifty Future: VAH - 15433, POC - 15366, VAL - 15299

TARGET BANKNIFTY
Buy BankNifty Future above 15463 - 15545 - 15650 - 15800 SL - 15360
Sell BankNifty Future below 15345 - 15275 - 15170 - 15000 SL - 15376

INTRADAY TRADE
Indusindbk: Buy above 627 for targets of 633, 644 SL 619
TataSteel: Buy above 458 for targets of 463, 471 SL 449

SCORE SHEET
Gail: Buy above 445 for targets of 448, 454 SL 439: Call not Active
Apollotyre: Buy above 211 for targets of 213, 219 SL 207: Target 217.90 done

POSITIONAL TRADE
Gtl: Buy above 22.7 for target of 24 SL 22.3 (2-3 Days)
Hfcl: Buy above 21.2 for target of 23.5 SL 20.2 (1 Week)

Thanks and Regards

MarketPulse S&P