Market outlook for 10/11/2014

Nifty closed down 1.30 points (0.02%) at 8337.00 while Future closed at 8381.65, premium of 44.65 points.
Bank Nifty closed down 5.90 points (0.03%) at 17347.05 while Future closed at 17457.55, premium of 85.40 points.

• FII bought huge in Cash (Net buy 2537.13 Crore)
• FII sold in stock future but bought in index future, index option (Net sell 43.84 Crore)
• DII sold in Cash (Net sell 192.20 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8300 and 8200.
• Advance Decline for the day was 682:875.
• McClellan's oscillator for NSE at +41.

NIFTY TECHNICAL

Current Spot: 8337.00
Pivot: 8329
5DEMA: 8281
10DEMA: 8188
20DEMA: 8093
50DEMA: 7989
RSI (14 days): 71.89
Parabolic SAR: 8047
Supports: 8298 - 8259 - 8228
Resistance: 8368 - 8399 - 8438

Nifty Future VWAP: 8364.53
Nifty Future VIX Range: 8319 - 8465
MP Values Nifty Future: VAH - 8391, POC - 8371, VAL - 8351

TARGET NIFTY
Buy Nifty Future above 8391 - 8405 - 8430 - 8470 SL - 8363
Sell Nifty Future below 8359 - 8345 - 8305 - 8275 SL - 8372

BANKNIFTY TECHNICAL

Current Spot: 17347.05
Pivot: 17311
5DEMA: 17140
10DEMA: 16867
20DEMA: 16512
50DEMA: 16054
RSI (14 days): 75.59
Parabolic SAR: 16775
Supports: 17238 - 17130 - 17057
Resistance: 17420 - 17492 - 17601

Bank Nifty Future VWAP: 17397.93
Bank Nifty Future VIX Range: 17264 - 17710
MP Values Bank Nifty Future: VAH - 17444, POC - 17395, VAL - 17346

TARGET BANKNIFTY
Buy BankNifty Future above 17471 - 17525 - 17600 - 17705 SL - 17395
Sell BankNifty Future below 17387 - 17345 - 17260 - 17155 SL - 17444

INTRADAY TRADE
Zeel: Buy above 374 for targets of 377, 383 SL 453
Idea: Buy above 169 for targets of 171, 175 SL 165.5

SCORE SHEET
Axisbank: Buy above 460 for targets of 463, 470 SL 453: Target 472.40 done
Hexaware: Buy above 218 for targets of 220, 225 SL 214: Target 220.00 done

POSITIONAL TRADE
Suzlon: Buy above 14.8 for target of 15.5 SL 14.4 (2-3 Days)
Nhpc: Buy above 21.4 for target of 23.0 SL 20.9 (1 Week)

Thanks and Regards

MarketPulse S&P