Thursday, October 9, 2014

Market outlook for 10/10/2014

Nifty closed up 117.85 points (1.50%) at 7960.55 while Future closed at 7990.35, premium of 29.80 points.
Bank Nifty closed up 397.20 points (2.59%) at 15741.20 while Future closed at 15804.55, premium of 63.35 points.
  • FII sold in Cash (Net sell 20.89 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 717.98 Crore)
  • DII bought in Cash (Net buy 623.64 Crore)
  • Most Active Nifty Call Option: 8000 and 8100.
  • Most Active Nifty Put Options: 7900 and 7800.
  • Advance Decline for the day was 1192:350.
  • McClellan's oscillator for NSE at -14.
NIFTY TECHNICAL
Current Spot: 7960.55
Pivot: 7940
5DEMA: 7920
10DEMA: 7946
20DEMA: 7969
50DEMA: 7910
RSI (14 days): 49.95
Parabolic SAR: 8079
Supports: 7907 - 7854 - 7821
Resistance: 7993 - 8026 - 8079
Nifty Future VWAP: 7975.08
Nifty Future VIX Range: 7916 - 8052
MP Values Nifty Future: VAH - 7993, POC - 7966, VAL - 7939

TARGET NIFTY
Buy Nifty Future above 7996 - 8020 - 8050 - 8095 SL - 7965
Sell Nifty Future below 7963 - 7945 - 7905 - 7860 SL - 7978

BANKNIFTY TECHNICAL
Current Spot: 15741.20
Pivot: 15657
5DEMA: 15489
10DEMA: 15549
20DEMA: 15656
50DEMA: 15590
RSI (14 days): 51.81
Parabolic SAR: 15833
Supports: 15518 - 15296 - 15157
Resistance: 15880 - 16018 - 16241
Bank Nifty Future VWAP: 15715.17
Bank Nifty Future VIX Range: 15586 - 16021
MP Values Bank Nifty Future: VAH - 15786, POC - 15644, VAL - 15502

TARGET BANKNIFTY
Buy BankNifty Future above 15816 - 15915 - 16050 - 16210 SL - 15710
Sell BankNifty Future below 15694 - 15595 - 15460 - 15300 SL - 15726

INTRADAY TRADE
Pfc: Buy above 239 for targets of 242, 247 SL 235
Bhel: Buy above 220 for targets of 223, 227 SL 216

SCORE SHEET
Indusindbk: Buy above 627 for targets of 633, 644 SL 619: Target 631.55 done
TataSteel: Buy above 458 for targets of 463, 471 SL 449: Target 469.45 done

POSITIONAL TRADE
Hindalco: Buy above 158.5 for target of 165 SL 155 (2-3 Days)
Nhpc: Buy above 19.6 for target of 22.5 SL 19.2 (1 Week)

Thanks and Regards

MarketPulse S&P

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