Market outlook for 10/04/2014

Nifty closed up 101.15 points (1.51%) at 6796.20 while Nifty Future closed at 6835.50, premium of 39.30 points.
Bank Nifty closed up 430.95 points (3.45%) at 12937.40 while Future closed at 13027.60, premium of 90.20 points.

• FII bought huge in Cash (Net buy 1043.86 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1472.38 Crore)
• DII sold in Cash (Net sell 463.78 Crore)
• Most Active Nifty Call Option: 6800 and 6900.
• Most Active Nifty Put Options: 6700 and 6600.
• Advance Decline for the day was 1129:388.
• McClellan's oscillator for NSE at +66.

NIFTY TECHNICAL

Current Spot: 6796.20
Pivot: 6770
5DEMA: 6734
10DEMA: 6695
20DEMA: 6613
50DEMA: 6446
RSI (14 days): 76.92
Parabolic SAR: 6650
Supports: 6731 - 6666 - 6628
Resistance: 6835 - 6874 - 6939

Nifty Future VIX Range: 6793 - 6892
Nifty Future VWAP: 6790.93
MP Values Nifty Future: VAH - 6825, POC - 6765, VAL - 6749

TARGET NIFTY
Buy Nifty Future above 6841 - 6865 - 6900 - 6950 SL - 6807
Sell Nifty Future below 6804 - 6780 - 6745 - 6700 SL - 6826

BANKNIFTY TECHNICAL

Current Spot: 12937.40
Pivot: 12814
5DEMA: 12689
10DEMA: 12592
20DEMA: 12329
50DEMA: 11734
RSI (14 days): 73.0
Parabolic SAR: 12431
Supports: 12671 - 12405 - 12262
Resistance: 13080 - 13224 - 13490

Bank Nifty Future VIX Range: 12837 - 13234
Bank Nifty Future VWAP: 12829.45
MP Values Bank Nifty Future: VAH - 13044, POC - 12941, VAL - 12757

TARGET BANKNIFTY
Buy BankNifty Future above 13044 - 13150 - 13300 - 13490 SL - 12894
Sell BankNifty Future below 12881 - 12780 - 12610 - 12420 SL - 12941

INTRADAY TRADE
TataMotors: Buy above 423 for targets of 426, 431 SL 417
Crompgreav: Buy above 166 for targets of 168, 173 SL 162

SCORE SHEET
Ambujacem: Buy above 211 for targets of 213, 217 SL 207: Target 212.10 done
Nbcc: Buy above 184.5 for targets of 186, 189 SL 182: Target 188.50 done

POSITIONAL TRADE
Mahindugin: Buy above 265 for target of 280 SL 249 (2-3 Days)
Hcc: Buy above 19 for target of 21 SL 18.4 (1 Week)

Thanks and Regards

MarketPulse S&P