Sunday, October 19, 2014

Market outlook for 20/10/2014

Nifty closed up 31.50 points (0.41%) at 7779.70 while Future closed at 7817.05, premium of 37.35 points.
Bank Nifty closed up 388.20 points (2.50%) at 15929.80 while Future closed at 15990.95, premium of 61.15 points.
  • FII sold huge in Cash (Net sell 1430.03 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 1404.40 Crore)
  • DII bought in Cash (Net buy 737.31 Crore)
  • Most Active Nifty Call Option: 7900 and 8000.
  • Most Active Nifty Put Options: 7800 and 7700.
  • Advance Decline for the day was 711:826.
  • McClellan's oscillator for NSE at -51.
NIFTY TECHNICAL
Current Spot: 7779.70
Pivot: 7774
5DEMA: 7819
10DEMA: 7863
20DEMA: 7911
50DEMA: 7900
RSI (14 days): 39.87
Parabolic SAR: 7975
Supports: 7729 - 7679 - 7634
Resistance: 7825 - 7870 - 7920
Nifty Future VWAP: 7806.56
Nifty Future VIX Range: 7747 - 7883
MP Values Nifty Future: VAH - 7844, POC - 7814, VAL - 7784

TARGET NIFTY
Buy Nifty Future above 7823 - 7860 - 7915 - 7980 SL - 7806
Sell Nifty Future below 7802 - 7765 - 7715 - 7650 SL - 7818

BANKNIFTY TECHNICAL
Current Spot: 15929.80
Pivot: 15836
5DEMA: 15703
10DEMA: 15647
20DEMA: 15669
50DEMA: 15639
RSI (14 days): 55.16
Parabolic SAR: 15161
Supports: 15698 - 15466 - 15328
Resistance: 16068 - 16206 - 16438
Bank Nifty Future VWAP: 15860.92
Bank Nifty Future VIX Range: 15786 - 16264
MP Values Bank Nifty Future: VAH - 16032, POC - 15955, VAL - 15774

TARGET BANKNIFTY
Buy BankNifty Future above 16003 - 16110 - 16240 - 16425 SL - 15859
Sell BankNifty Future below 15854 - 15745 - 15610 - 15420 SL - 15886

INTRADAY TRADE
Zeel: Buy above 325 for targets of 328, 335 SL 322
Idea: Buy above 155 for targets of 156.5, 160 SL 152

SCORE SHEET
Nmdc: Buy above 158.5 for targets of 160, 163 SL 156: Target 160.60 done
Itc: Buy above 353 for targets of 356, 360 SL 349: Target 359.90 done

POSITIONAL TRADE
Pfc: Buy above 252 for target of 263 SL 247 (2-3 Days)
Ivrclinfra: Buy above 16.0 for target of 18.2 SL 15.5 (1 Week)

Thanks and Regards

MarketPulse S&P

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