Market outlook for 12/09/2014

Nifty closed down 8.40 points (0.10%) at 8085.70 while Future closed at 8119.40, premium of 33.70 points.
Bank Nifty closed up 52.40 points (0.32%) at 16204.15 while Future closed at 16283.55, premium of 79.40 points.

• FII bought in Cash (Net buy 433.55 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 9.75 Crore)
• DII sold in Cash (Net sell 530.71 Crore)
• Most Active Nifty Call Option: 8100 and 8200.
• Most Active Nifty Put Options: 8100 and 8000.
• Advance Decline for the day was 1066:504.
• McClellan's oscillator for NSE at +43.

NIFTY TECHNICAL

Current Spot: 8085.70
Pivot: 8090
5DEMA: 8103
10DEMA: 8071
20DEMA: 7990
50DEMA: 7847
RSI (14 days): 63.63
Parabolic SAR: 8057
Supports: 8053 - 8020 - 7982
Resistance: 8123 - 8161 - 8194

Nifty Future VWAP: 8113.25
Nifty Future VIX Range: 8064 - 8171
MP Values Nifty Future: VAH - 8139, POC - 8118, VAL - 8097

TARGET NIFTY
Buy Nifty Future above 8125 - 8145 - 8175 - 8215 SL - 8109
Sell Nifty Future below 8097 - 8080 - 8050 - 8010 SL - 8118

BANKNIFTY TECHNICAL

Current Spot: 16204.15
Pivot: 16227
5DEMA: 16143
10DEMA: 16041
20DEMA: 15841
50DEMA: 15565
RSI (14 days): 65.87
Parabolic SAR: 16009
Supports: 16144 - 16084 - 16001
Resistance: 16287 - 16370 - 16430

Bank Nifty Future VWAP: 16289.58
Bank Nifty Future VIX Range: 16111 - 16435
MP Values Bank Nifty Future: VAH - 16320, POC - 16277, VAL - 16234

TARGET BANKNIFTY
Buy BankNifty Future above 16301 - 16355 - 16430 - 16505 SL - 16276
Sell BankNifty Future below 16259 - 16220 - 16150 - 16065 SL - 16295

INTRADAY TRADE
Recltd: Buy above 285 for targets of 288, 293 SL 281
TataGlobal: Buy above 168 for targets of 170, 174 SL 165

SCORE SHEET
Sslt: Buy above 287 for targets of 289, 292 SL 283: Target 289.90 done
Zeel: Buy above 294 for targets of 297, 301 SL 289: Call not Active

POSITIONAL TRADE
Mothersumi: Buy above 443 for target of 470 SL 429 (2-3 Days)
Bajahind: Buy above 23.4 for target of 25 SL 23.1 (1 Week)

Thanks and Regards

MarketPulse S&P