Market outlook for 14/10/2014

Nifty closed up 24.30 points (0.31%) at 7884.25 while Future closed at 7911.40, premium of 27.15 points.
Bank Nifty closed up 223.70 points (1.45%) at 15677.50 while Future closed at 15711.20, premium of 33.70 points.

• FII sold in Cash (Net sell 671.06 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 205.83 Crore)
• DII bought in Cash (Net buy 566.83 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 804:732.
• McClellan's oscillator for NSE at -26.

NIFTY TECHNICAL

Current Spot: 7884.25
Pivot: 7860
5DEMA: 7895
10DEMA: 7922
20DEMA: 7951
50DEMA: 7896
RSI (14 days): 45.59
Parabolic SAR: 8047
Supports: 7820 - 7755 - 7715
Resistance: 7925 - 7966 - 8030

Nifty Future VWAP: 7870.30
Nifty Future VIX Range: 7844 - 7980
MP Values Nifty Future: VAH - 7902, POC - 7865, VAL - 7828

TARGET NIFTY
Buy Nifty Future above 7917 - 7940 - 7975 - 8025 SL - 7882
Sell Nifty Future below 7870 - 7846 - 7810 - 7760 SL - 7902

BANKNIFTY TECHNICAL

Current Spot: 15677.50
Pivot: 15562
5DEMA: 15544
10DEMA: 15558
20DEMA: 15640
50DEMA: 15551
RSI (14 days): 50.95
Parabolic SAR: 15729
Supports: 15418 - 15158 - 15013
Resistance: 15822 - 15966 - 16226

Bank Nifty Future VWAP: 15551.55
Bank Nifty Future VIX Range: 15479 - 15924
MP Values Bank Nifty Future: VAH - 15749, POC - 15631, VAL - 15460

TARGET BANKNIFTY
Buy BankNifty Future above 15723 - 15820 - 15960 - 16150 SL - 15592
Sell BankNifty Future below 15576 - 15475 - 15320 - 15140 SL - 15631

INTRADAY TRADE
Indusindbk: Buy above 640 for targets of 646, 658 SL 634
Jindalstel: Buy above 160 for targets of 162, 165 SL 157

SCORE SHEET
Aban: Buy above 630 for targets of 637, 650 SL 619: Target 637.50 done
Apollotyre: Buy above 223 for targets of 225, 230 SL 219: Call not Active

POSITIONAL TRADE
Mothersumi: Buy above 388 for target of 406 SL 374 (2-3 Days)
Tanla: Buy above 19.4 for target of 21.8 SL 18.6 (1 Week)

Thanks and Regards

MarketPulse S&P