Monday, October 20, 2014

Market outlook for 21/10/2014

Nifty closed up 99.70 points (1.28%) at 7879.40 while Future closed at 7897.25, premium of 17.85 points.
Bank Nifty closed up 286.80 points (1.80%) at 16216.60 while Future closed at 16247.80, premium of 31.20 points.
  • FII bought huge in Cash (Net buy 1040.08 Crore)
  • FII bought in index future, stock future but sold in index option (Net buy 1845.72 Crore)
  • DII sold in Cash (Net sell 166.11 Crore)
  • Most Active Nifty Call Option: 7900 and 8000.
  • Most Active Nifty Put Options: 7900 and 7800.
  • Advance Decline for the day was 936:599.
  • McClellan's oscillator for NSE at -30.
NIFTY TECHNICAL
Current Spot: 7879.40
Pivot: 7881
5DEMA: 7839
10DEMA: 7866
20DEMA: 7908
50DEMA: 7904
RSI (14 days): 47.38
Parabolic SAR: 7945
Supports: 7856 - 7832 - 7807
Resistance: 7905 - 7930 - 7954
Nifty Future VWAP: 7909.17
Nifty Future VIX Range: 7825 - 7965
MP Values Nifty Future: VAH - 7924, POC - 7909, VAL - 7894

TARGET NIFTY
Buy Nifty Future above 7912 - 7930 - 7960 - 7985 SL - 7894
Sell Nifty Future below 7885 - 7871 - 7850 - 7820 SL - 7910

BANKNIFTY TECHNICAL
Current Spot: 16216.60
Pivot: 16224
5DEMA: 15874
10DEMA: 15750
20DEMA: 15722
50DEMA: 15672
RSI (14 days): 59.72
Parabolic SAR: 15207
Supports: 16150 - 16083 - 16010
Resistance: 16290 - 16364 - 16430
Bank Nifty Future VWAP: 16268.92
Bank Nifty Future VIX Range: 16021 - 16507
MP Values Bank Nifty Future: VAH - 16304, POC - 16265, VAL - 16226

TARGET BANKNIFTY
Buy BankNifty Future above 16276 - 16330 - 16400 - 16495 SL - 16226
Sell BankNifty Future below 16223 - 16180 - 16100 - 16020 SL - 15272

INTRADAY TRADE
Tvsmotor: Buy above 247 for targets of 250, 255 SL 242
Idea: Buy above 162 for targets of 163.5, 166 SL 159

SCORE SHEET
Zeel: Buy above 325 for targets of 328, 335 SL 322: Target 333.80 done
Idea: Buy above 155 for targets of 156.5, 160 SL 152: Target 162.15 done

POSITIONAL TRADE
Mothersumi: Buy above 389 for target of 397 SL 383 (2-3 Days)
Megh: Buy above 18.8 for target of 20.5 SL 18.3 (1 Week)

Thanks and Regards

MarketPulse S&P

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