Tuesday, April 15, 2014

Market outlook for 16/04/2014

Nifty closed down 43.20 points (0.64%) at 6733.10 while Nifty Future closed at 6753.95, premium of 20.85 points.
Bank Nifty closed down 260.30 points (2.03%) at 12579.90 while Future closed at 12616.70, premium of 36.80 points.
  • FII sold in Cash (Net sell 21.63 Crore)
  • FII sold in index future, stock future but bought in index option (Net sell 1218.01 Crore)
  • DII sold in Cash (Net sell 278.27 Crore)
  • Most Active Nifty Call Option: 6800 and 6900.
  • Most Active Nifty Put Options: 6800 and 6700.
  • Advance Decline for the day was 627:878.
  • McClellan's oscillator for NSE at +39.
NIFTY TECHNICAL
Current Spot: 6733.10
Pivot: 6753
5DEMA: 6752
10DEMA: 6726
20DEMA: 6653
50DEMA: 6494
RSI (14 days): 65.54
Parabolic SAR: 6667
Supports: 6692 - 6651 - 6590
Resistance: 6794 - 6854 - 6895
Nifty Future VIX Range: 6705 - 6798
Nifty Future VWAP: 6758.27
MP Values Nifty Future: VAH - 6783, POC - 6753, VAL - 6740

TARGET NIFTY
Buy Nifty Future above 6783 - 6810 - 6850 - 6905 SL - 6753
Sell Nifty Future below 6744 - 6720 - 6680 - 6635 SL - 6783

BANKNIFTY TECHNICAL
Current Spot: 12579.90
Pivot: 12650
5DEMA: 12725
10DEMA: 12670
20DEMA: 12446
50DEMA: 11866
RSI (14 days): 58.63
Parabolic SAR: 12491
Supports: 12468 - 12356 - 12174
Resistance: 12762 - 12944 - 13056
Bank Nifty Future VIX Range: 12432 - 12812
Bank Nifty Future VWAP: 12698.26
MP Values Bank Nifty Future: VAH - 12787, POC - 12715, VAL - 12643

TARGET BANKNIFTY
Buy BankNifty Future above 12716 - 12800 - 12950 - 13100 SL - 12643
Sell BankNifty Future below 12598 - 12500 - 12365 - 12210 SL - 13715

INTRADAY TRADE
Ibulhsgfin: Buy above 288 for targets of 291, 297 SL 284
Wipro: Buy above 592 for targets of 597, 605 SL 585

SCORE SHEET

POSITIONAL TRADE
Tatacomm: Buy above 314 for target of 325 SL 308 (2-3 Days)
Gujnrecoke: Buy above 12.2 for target of 13.5 SL 11.9 (1 Week)

Thanks and Regards

MarketPulse S&P

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