Market outlook for 27/10/2014

Nifty closed up 18.65 points (0.23%) at 8014.55 while Future closed at 8023.85, premium of 9.30 points.
Bank Nifty closed up 25.35 points (0.15%) at 16470.05 while Future closed at 16483.65, premium of 13.60 points.

• FII sold in Cash (Net sell 12.38 Crore)
• FII bought in index future, index option and in stock future (Net buy 143.45 Crore)
• DII bought in Cash (Net buy 10.88 Crore)
• Most Active Nifty Call Option: 8000 and 8100.
• Most Active Nifty Put Options: 8000 and 7900.
• Advance Decline for the day was 1193:255.
• McClellan's oscillator for NSE at +36.

NIFTY TECHNICAL

Current Spot: 8014.55
Pivot: 8018
5DEMA: 7946
10DEMA: 7920
20DEMA: 7928
50DEMA: 7926
RSI (14 days): 55.62
Parabolic SAR: 7730
Supports: 8005 - 7995 - 7982
Resistance: 8028 - 8041 - 8051

Nifty Future VWAP: 8022.10
Nifty Future VIX Range: 7958 - 8094
MP Values Nifty Future: VAH - 8033, POC - 8025, VAL - 8017

TARGET NIFTY
Buy Nifty Future above 8033 - 8040 - 8055 - 8080 SL - 8021
Sell Nifty Future below 8017 - 8010 - 7995 - 7965 SL - 8032

BANKNIFTY TECHNICAL

Current Spot: 16470.05
Pivot: 16480
5DEMA: 16281
10DEMA: 16067
20DEMA: 15911
50DEMA: 15773
RSI (14 days): 63.20
Parabolic SAR: 15503
Supports: 16434 - 16399 - 16354
Resistance: 16515 - 16561 - 16596

Bank Nifty Future VWAP: 16486.59
Bank Nifty Future VIX Range: 16255 - 16715
MP Values Bank Nifty Future: VAH - 16522, POC - 16491, VAL - 16471

TARGET BANKNIFTY
Buy BankNifty Future above 16522 - 16545 - 16600 - 16690 SL - 16486
Sell BankNifty Future below 16459 - 16435 - 16385 - 16300 SL - 15511

INTRADAY TRADE
Jindalstel: Buy above 166.5 for targets of 168, 171 SL 164
TataMetali: Buy above 172 for targets of 174, 180 SL 169

SCORE SHEET
Pfc: Buy above 277 for targets of 280, 286 SL 272: SL Hit
Sslt: Buy above 249 for targets of 252, 258 SL 246: Target 252.95 done

POSITIONAL TRADE
Manglmcem: Buy above 258 for target of 267 SL 254 (2-3 Days)
Ujaas: Buy above 22.6 for target of 25 SL 22.1 (1 Week)

Thanks and Regards

MarketPulse S&P