Market outlook for 13/10/2014

Nifty closed down 100.60 points (1.26%) at 7859.95 while Future closed at 7886.80, premium of 26.85 points.
Bank Nifty closed down 287.40 points (1.83%) at 15453.80 while Future closed at 15496.25, premium of 42.45 points.

• FII sold in Cash (Net sell 719.77 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 569.31 Crore)
• DII bought in Cash (Net buy 558.21 Crore)
• Most Active Nifty Call Option: 8000 and 8100.
• Most Active Nifty Put Options: 7900 and 7800.
• Advance Decline for the day was 397:1137.
• McClellan's oscillator for NSE at -35.

NIFTY TECHNICAL

Current Spot: 7859.95
Pivot: 7877
5DEMA: 7900
10DEMA: 7930
20DEMA: 7958
50DEMA: 7906
RSI (14 days): 43.40
Parabolic SAR: 8063
Supports: 7831 - 7802 - 7755
Resistance: 7907 - 7953 - 7982

Nifty Future VWAP: 7907.47
Nifty Future VIX Range: 7823 - 7963
MP Values Nifty Future: VAH - 7930, POC - 7908, VAL - 7886

TARGET NIFTY
Buy Nifty Future above 7908 - 7929 - 7960 - 8005 SL - 7885
Sell Nifty Future below 7875 - 7860 - 7830 - 7790 SL - 7907

BANKNIFTY TECHNICAL

Current Spot: 15453.80
Pivot: 15507
5DEMA: 15477
10DEMA: 15532
20DEMA: 15636
50DEMA: 15575
RSI (14 days): 45.85
Parabolic SAR: 15796
Supports: 15386 - 15318 - 15196
Resistance: 15575 - 15697 - 15765

Bank Nifty Future VWAP: 15577.90
Bank Nifty Future VIX Range: 15294 - 15735
MP Values Bank Nifty Future: VAH - 15664, POC - 15599, VAL - 15534

TARGET BANKNIFTY
Buy BankNifty Future above 15578 - 15660 - 15760 - 15900 SL - 15555
Sell BankNifty Future below 15473 - 15405 - 15300 - 15150 SL - 15577

INTRADAY TRADE
Aban: Buy above 630 for targets of 637, 650 SL 619
Apollotyre: Buy above 223 for targets of 225, 230 SL 219

SCORE SHEET
Pfc: Buy above 239 for targets of 242, 247 SL 235: Target 245.00 done
Bhel: Buy above 220 for targets of 223, 227 SL 216: Target 225.40 done

POSITIONAL TRADE
GmrInfra: Buy above 22.2 for target of 23.6 SL 21.5 (2-3 Days)
Ibsec: Buy above 24.8 for target of 27.2 SL 24.2 (1 Week)

Thanks and Regards

MarketPulse S&P