Market outlook for 11/04/2014

Nifty closed up 0.20 points (0.00%) at 6796.40 while Nifty Future closed at 6825.05, premium of 28.65 points.
Bank Nifty closed up 12.00 points (0.09%) at 12949.40 while Future closed at 13005.95, premium of 56.55 points.

• FII bought in Cash (Net buy 342.75 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 1365.12 Crore)
• DII bought in Cash (Net buy 13.45 Crore)
• Most Active Nifty Call Option: 6800 and 6900.
• Most Active Nifty Put Options: 6800 and 6700.
• Advance Decline for the day was 873:664.
• McClellan's oscillator for NSE at +62.

NIFTY TECHNICAL

Current Spot: 6796.40
Pivot: 6798
5DEMA: 6755
10DEMA: 6714
20DEMA: 6630
50DEMA: 6460
RSI (14 days): 76.84
Parabolic SAR: 6654
Supports: 6776 - 6756 - 6734
Resistance: 6818 - 6839 - 6860

Nifty Future VIX Range: 6793 - 6892
Nifty Future VWAP: 6837.03
MP Values Nifty Future: VAH - 6848, POC - 6835, VAL - 6822

TARGET NIFTY
Buy Nifty Future above 6837 - 6850 - 6870 - 6900 SL - 6822
Sell Nifty Future below 6815 - 6805 - 6785 - 6755 SL - 6836

BANKNIFTY TECHNICAL

Current Spot: 12949.40
Pivot: 12962
5DEMA: 12776
10DEMA: 12657
20DEMA: 12388
50DEMA: 11769
RSI (14 days): 73.30
Parabolic SAR: 12443
Supports: 12868 - 12788 - 12694
Resistance: 13043 - 13136 - 13217

Bank Nifty Future VIX Range: 12837 - 13234
Bank Nifty Future VWAP: 13056.96
MP Values Bank Nifty Future: VAH - 13127, POC - 13073, VAL - 13019

TARGET BANKNIFTY
Buy BankNifty Future above 13038 - 13110 - 13220 - 13320 SL - 13018
Sell BankNifty Future below 12986 - 12920 - 12820 - 12710 SL - 13035

INTRADAY TRADE
Lichsgfin: Buy above 270 for targets of 273, 280 SL 265
Adanient: Buy above 480 for targets of 485, 500 SL 471

SCORE SHEET
TataMotors: Buy above 423 for targets of 426, 431 SL 417: Target 435.00 done
Crompgreav: Buy above 166 for targets of 168, 173 SL 162: Target 179.30 done

POSITIONAL TRADE
Crompgreav: Buy above 176 for target of 187 SL 172 (2-3 Days)
Electcast: Buy above 22.3 for target of 24 SL 21.9 (1 Week)

Thanks and Regards

MarketPulse S&P