Market outlook for 20/08/2014

Nifty closed up 23.25 points (0.30%) at 7897.50 while Future closed at 7909.65, premium of 12.15 points.
Bank Nifty closed up 84.90 points (0.55%) at 15524.65 while Future closed at 15536.75, premium of 12.10 points.

• FII bought in Cash (Net buy 559.39 Crore)
• FII bought in index future, stock future and in index option (Net buy 4122.15 Crore)
• DII sold in Cash (Net sell 263.37 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7900 and 7800.
• Advance Decline for the day was 934:602.
• McClellan's oscillator for NSE at +06.

NIFTY TECHNICAL

Current Spot: 7897.50
Pivot: 7899
5DEMA: 7816
10DEMA: 7766
20DEMA: 7725
50DEMA: 7636
RSI (14 days): 63.48
Parabolic SAR: 7548
Supports: 7880 - 7862 - 7842
Resistance: 7917 - 7936 - 7954

Nifty Future VWAP: 7906.02
Nifty Future VIX Range: 7840 - 7975
MP Values Nifty Future: VAH - 7916, POC - 7908, VAL - 7900

TARGET NIFTY
Buy Nifty Future above 7916 - 7925 - 7940 - 7970 SL - 7903
Sell Nifty Future below 7895 - 7885 - 7870 - 7845 SL - 7913

BANKNIFTY TECHNICAL

Current Spot: 15524.65
Pivot: 15540
5DEMA: 15274
10DEMA: 15189
20DEMA: 15172
50DEMA: 15182
RSI (14 days): 58.56
Parabolic SAR: 14727
Supports: 15455 - 15385 - 15300
Resistance: 15609 - 15694 - 15764

Bank Nifty Future VWAP: 15546.09
Bank Nifty Future VIX Range: 15334 - 15728
MP Values Bank Nifty Future: VAH - 15591, POC - 15553, VAL - 15515

TARGET BANKNIFTY
Buy BankNifty Future above 15563 - 15620 - 15700 - 15780 SL - 15543
Sell BankNifty Future below 15513 - 15470 - 15395 - 15310 SL - 15559

INTRADAY TRADE
Adaniports: Buy above 289 for targets of 292, 298 SL 284
YesBank: Buy above 582 for targets of 586, 594 SL 576

SCORE SHEET
AxisBank: Buy above 397 for targets of 401, 409 SL 391: Target 401.90 done
Voltas: Buy above 239 for targets of 242, 249 SL 233: Call not Active

POSITIONAL TRADE
Srtransfin: Buy above 930 for target of 955 SL 917 (2-3 Days)
Zeemedia: Buy above 17.5 for target of 19 SL 17.1 (1 Week)

Thanks and Regards

MarketPulse S&P