Market outlook for 17/10/2014

Nifty closed down 115.80 points (1.47%) at 7748.20 while Future closed at 7778.10, premium of 29.90 points.
Bank Nifty closed down 209.95 points (1.33%) at 15541.60 while Future closed at 15574.00, premium of 32.40 points.

• FII sold huge in Cash (Net sell 1128.37 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 371.14 Crore)
• DII bought in Cash (Net buy 664.45 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 258:1302.
• McClellan's oscillator for NSE at -57.

NIFTY TECHNICAL

Current Spot: 7748.20
Pivot: 7791
5DEMA: 7839
10DEMA: 7882
20DEMA: 7925
50DEMA: 7904
RSI (14 days): 37.20
Parabolic SAR: 8003
Supports: 7687 - 7626 - 7523
Resistance: 7852 - 7955 - 8016

Nifty Future VWAP: 7843.54
Nifty Future VIX Range: 7691 - 7829
MP Values Nifty Future: VAH - 7904, POC - 7851, VAL - 7798

TARGET NIFTY
Buy Nifty Future above 7824 - 7855 - 7910 - 7980 SL - 7798
Sell Nifty Future below 7766 - 7730 - 7690 - 7620 SL - 7822

BANKNIFTY TECHNICAL

Current Spot: 15541.60
Pivot: 15618
5DEMA: 15589
10DEMA: 15584
20DEMA: 15642
50DEMA: 15627
RSI (14 days): 47.44
Parabolic SAR: 15145
Supports: 15400 - 15259 - 15041
Resistance: 15759 - 15977 - 16119

Bank Nifty Future VWAP: 15729.04
Bank Nifty Future VIX Range: 15327 - 15757
MP Values Bank Nifty Future: VAH - 15783, POC - 15655, VAL - 15527

TARGET BANKNIFTY
Buy BankNifty Future above 15663 - 15745 - 15900 - 16075 SL - 15644
Sell BankNifty Future below 15549 - 15445 - 15310 - 15120 SL - 15659

INTRADAY TRADE
Nmdc: Buy above 158.5 for targets of 160, 163 SL 156
Itc: Buy above 353 for targets of 356, 360 SL 349

SCORE SHEET
Pfc: Buy above 250 for targets of 253, 258 SL 247: SL Hit
Bhel: Buy above 227 for targets of 230, 235 SL 223: Target 229.80 done

POSITIONAL TRADE
Petronet: Buy above 186 for target of 194 SL 182 (2-3 Days)
Madrasfert: Buy above 18.5 for target of 20.5 SL 18.1 (1 Week)

Thanks and Regards

MarketPulse S&P