Market outlook for 28/10/2014

Nifty closed down 22.85 points (0.29%) at 7991.70 while Future closed at 7998.00, premium of 6.30 points.
Bank Nifty closed up 86.55 points (0.53%) at 16556.60 while Future closed at 16585.80, premium of 29.20 points.

• FII bought in Cash (Net buy 49.14 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1071.20 Crore)
• DII bought in Cash (Net buy 9.55 Crore)
• Most Active Nifty Call Option: 8000 and 8100.
• Most Active Nifty Put Options: 8000 and 7900.
• Advance Decline for the day was 621:940.
• McClellan's oscillator for NSE at +23.

NIFTY TECHNICAL

Current Spot: 7991.70
Pivot: 8014
5DEMA: 7961
10DEMA: 7933
20DEMA: 7933
50DEMA: 7920
RSI (14 days): 54.10
Parabolic SAR: 7743
Supports: 7963 - 7935 - 7885
Resistance: 8042 - 8093 - 8121

Nifty Future VWAP: 8022.87
Nifty Future VIX Range: 7929 - 8060
MP Values Nifty Future: VAH - 8049, POC - 8029, VAL - 8009

TARGET NIFTY
Buy Nifty Future above 8023 - 8038 - 8075 - 8105 SL - 8009
Sell Nifty Future below 7986 - 7975 - 7955 - 7915 SL - 8022

BANKNIFTY TECHNICAL

Current Spot: 16556.60
Pivot: 16564
5DEMA: 16373
10DEMA: 16156
20DEMA: 15971
50DEMA: 15773
RSI (14 days): 64.81
Parabolic SAR: 15620
Supports: 16464 - 16370 - 16270
Resistance: 16657 - 16757 - 16850

Bank Nifty Future VWAP: 16607.45
Bank Nifty Future VIX Range: 16358 - 16810
MP Values Bank Nifty Future: VAH - 16658, POC - 16606, VAL - 16554

TARGET BANKNIFTY
Buy BankNifty Future above 16608 - 16685 - 16790 - 16895 SL - 16583
Sell BankNifty Future below 16561 - 16495 - 16395 - 16290 SL - 15606

INTRADAY TRADE
Bhel: Buy above 253 for targets of 256, 260 SL 249
Unionbank: Buy above 229 for targets of 231, 234 SL 225

SCORE SHEET
Jindalstel: Buy above 166.5 for targets of 168, 171 SL 164: Call not Active
TataMetali: Buy above 172 for targets of 174, 180 SL 169: Target 177.25 done

POSITIONAL TRADE
Pcjeweller: Buy above 245 for target of 266 SL 234 (2-3 Days)
Bajajhind: Buy above 20.0 for target of 22 SL 19.6 (1 Week)

Thanks and Regards

MarketPulse S&P