Market outlook for 20/03/2014

Nifty closed up 7.40 points (0.11%) at 6524.05 while Nifty Future closed at 6550.20, premium of 26.15 points.
Bank Nifty closed up 71.70 points (0.59%) at 12186.55 while Future closed at 12249.25, premium of 62.70 points.

• FII bought huge in Cash (Net buy 1069.74 Crore)
• FII sold in index option, stock future but bought in index future (Net sell 1201.95 Crore)
• DII sold in Cash (Net sell 610.96 Crore)
• Most Active Nifty Call Option: 6500 and 6600.
• Most Active Nifty Put Options: 6500 and 6400.
• Advance Decline for the day was 739:718.
• McClellan's oscillator for NSE at +14.

NIFTY TECHNICAL

Current Spot: 6524.05
Pivot: 6524
5DEMA: 6508
10DEMA: 6463
20DEMA: 6376
50DEMA: 6273
RSI (14 days): 71.33
Parabolic SAR: 6461
Supports: 6506 - 6489 - 6471
Resistance: 6542 - 6559 - 6577

Nifty Future VIX Range: 6498 - 6597
Nifty Future VWAP: 6553.26
MP Values Nifty Future: VAH - 6560, POC - 6552, VAL - 6544

TARGET NIFTY
Buy Nifty Future above 6560 - 6570 - 6590 - 6615 SL - 6544
Sell Nifty Future below 6540 - 6530 - 6510 - 6485 SL - 6555

BANKNIFTY TECHNICAL

Current Spot: 12186.55
Pivot: 12192
5DEMA: 12076
10DEMA: 11844
20DEMA: 11463
50DEMA: 11103
RSI (14 days): 76.30
Parabolic SAR: 11955
Supports: 12127 - 12068 - 12003
Resistance: 12251 - 12316 - 12375

Bank Nifty Future VIX Range: 12052 - 12448
Bank Nifty Future VWAP: 12247.93
MP Values Bank Nifty Future: VAH - 12268, POC - 12239, VAL - 12210

TARGET BANKNIFTY
Buy BankNifty Future above 12268 - 12315 - 12380 - 11445 SL - 12239
Sell BankNifty Future below 12229 - 12185 - 12120 - 12050 SL - 12254

INTRADAY TRADE
Den: Buy above 177 for targets of 180, 186 SL 173
RelInfra: Buy above 418 for targets of 422, 427 SL 414

SCORE SHEET
Crompgreav: Buy above 156 for targets of 158, 163 SL 154: Target 157.40 done
Havells: Buy above 866 for targets of 874, 888 SL 854: Target 877.95 done

POSITIONAL TRADE
Ratnamani: Buy above 246 for target of 260 SL 241 (2-3 Days)
Marksans: Buy above 21.5 for target of 23 SL 21.1 (1 Week)

Thanks and Regards

MarketPulse S&P