Market outlook for 29/10/2014

Nifty closed up 35.90 points (0.45%) at 8027.60 while Future closed at 8040.35, premium of 12.75 points.
Bank Nifty closed up 110.40 points (0.67%) at 16667.00 while Future closed at 16688.90, premium of 21.90 points.

• FII sold in Cash (Net sell 108.00 Crore)
• FII sold in stock future, index option but bought in index future (Net sell 661.79 Crore)
• DII sold in Cash (Net sell 99.66 Crore)
• Most Active Nifty Call Option: 8000 and 8100.
• Most Active Nifty Put Options: 8000 and 7900.
• Advance Decline for the day was 825:686.
• McClellan's oscillator for NSE at +26.

NIFTY TECHNICAL

Current Spot: 8027.60
Pivot: 8020
5DEMA: 7983
10DEMA: 7950
20DEMA: 7942
50DEMA: 7924
RSI (14 days): 56.41
Parabolic SAR: 7763
Supports: 8003 - 7977 - 7960
Resistance: 8045 - 8063 - 8088

Nifty Future VWAP: 8024.67
Nifty Future VIX Range: 7976 - 8106
MP Values Nifty Future: VAH - 8030, POC - 8018, VAL - 8006

TARGET NIFTY
Buy Nifty Future above 8046 - 8056 - 8075 - 8105 SL - 8018
Sell Nifty Future below 8017 - 8007 - 7987 - 7965 SL - 8036

BANKNIFTY TECHNICAL

Current Spot: 16667.00
Pivot: 16659
5DEMA: 16471
10DEMA: 16249
20DEMA: 16037
50DEMA: 15808
RSI (14 days): 66.51
Parabolic SAR: 15749
Supports: 16616 - 16564 - 16521
Resistance: 16710 - 16754 - 16805

Bank Nifty Future VWAP: 16675.32
Bank Nifty Future VIX Range: 16478 - 16922
MP Values Bank Nifty Future: VAH - 16700, POC - 16676, VAL - 16652

TARGET BANKNIFTY
Buy BankNifty Future above 16701 - 16725 - 16770 - 16835 SL - 16664
Sell BankNifty Future below 16649 - 16625 - 16575 - 16530 SL - 15681

INTRADAY TRADE
Crompgreav: Buy above 182 for targets of 183.5, 187 SL 179
Irb: Buy above 252 for targets of 255, 259 SL 249

SCORE SHEET
Bhel: Buy above 253 for targets of 256, 260 SL 249: Target 257.60 done
Unionbank: Buy above 229 for targets of 231, 234 SL 225: Target 233.35 done

POSITIONAL TRADE
Dabur: Buy above 214 for target of 220 SL 211 (2-3 Days)
Goldentobc: Buy above 23.8 for target of 26.4 SL 22.9 (1 Week)

Thanks and Regards

MarketPulse S&P