Market outlook for 01/10/2014

Nifty closed up 5.90 points (0.07%) at 7964.80 while Future closed at 7999.15, premium of 34.35 points.
Bank Nifty closed down 81.30 points (0.53%) at 15392.25 while Future closed at 15475.40, premium of 83.15 points.

• FII sold in Cash (Net sell 485.93 Crore)
• FII bought in index future, index option and in stock future (Net buy 2070.43 Crore)
• DII bought in Cash (Net buy 201.24 Crore)
• Most Active Nifty Call Option: 8100 and 8200.
• Most Active Nifty Put Options: 8000 and 7900.
• Advance Decline for the day was 713:812.
• McClellan's oscillator for NSE at -32.

NIFTY TECHNICAL

Current Spot: 7964.80
Pivot: 7973
5DEMA: 7975
10DEMA: 7999
20DEMA: 8002
50DEMA: 7916
RSI (14 days): 48.28
Parabolic SAR: 8130
Supports: 7915 - 7866 - 7808
Resistance: 8023 - 8080 - 8130

Nifty Future VWAP: 8016.11
Nifty Future VIX Range: 7921 - 8058
MP Values Nifty Future: VAH - 8047, POC - 8010, VAL - 7973

TARGET NIFTY
Buy Nifty Future above 8021 - 8055 - 8100 - 8155 SL - 8009
Sell Nifty Future below 7987 - 7955 - 7910 - 7850 SL - 8019

BANKNIFTY TECHNICAL

Current Spot: 15392.25
Pivot: 15442
5DEMA: 15542
10DEMA: 15691
20DEMA: 15776
50DEMA: 15657
RSI (14 days): 40.71
Parabolic SAR: 16087
Supports: 15287 - 15182 - 15028
Resistance: 15547 - 15701 - 15806

Bank Nifty Future VWAP: 15534.96
Bank Nifty Future VIX Range: 15244 - 15666
MP Values Bank Nifty Future: VAH - 15606, POC - 15536, VAL - 15464

TARGET BANKNIFTY
Buy BankNifty Future above 15536 - 15620 - 15750 - 15900 SL - 15516
Sell BankNifty Future below 15459 - 15365 - 15250 - 15110 SL - 15536

INTRADAY TRADE
Zeel: Buy above 316 for targets of 319, 325 SL 311
Lichsgfin: Buy above 326 for targets of 329, 336 SL 321

SCORE SHEET
TvsMotor: Buy above 230 for targets of 233, 237 SL 226: Target 233.85 done
Hindalco: Buy above 160.5 for targets of 162, 166 SL 158: Target 163.00 done

POSITIONAL TRADE
Apollotyre: Buy above 204 for target of 215 SL 200 (2-3 Days)
Jpinfratec: Buy above 22.8 for target of 24.7 SL 22.1 (1 Week)

Thanks and Regards

MarketPulse S&P