Market outlook for 16/09/2014

Nifty closed down 63.50 points (0.78%) at 8042.00 while Future closed at 8062.55, premium of 20.55 points.
Bank Nifty closed down 86.60 points (0.53%) at 16167.55 while Future closed at 16229.35, premium of 61.80 points.

• FII sold in Cash (Net sell 74.59 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 1075.29 Crore)
• DII sold in Cash (Net sell 74.49 Crore)
• Most Active Nifty Call Option: 8100 and 8200.
• Most Active Nifty Put Options: 8100 and 8000.
• Advance Decline for the day was 852:731.
• McClellan's oscillator for NSE at +39.

NIFTY TECHNICAL

Current Spot: 8042.00
Pivot: 8050
5DEMA: 8083
10DEMA: 8071
20DEMA: 8005
50DEMA: 7857
RSI (14 days): 57.86
Parabolic SAR: 8180
Supports: 8022 - 8002 - 7975
Resistance: 8070 - 8097 - 8117

Nifty Future VWAP: 8066.77
Nifty Future VIX Range: 8005 - 8111
MP Values Nifty Future: VAH - 8079, POC - 8067, VAL - 8055

TARGET NIFTY
Buy Nifty Future above 8079 - 8088 - 8115 - 8140 SL - 8066
Sell Nifty Future below 8054 - 8045 - 8025 - 7995 SL - 8074

BANKNIFTY TECHNICAL

Current Spot: 16167.55
Pivot: 16171
5DEMA: 16176
10DEMA: 16096
20DEMA: 15907
50DEMA: 15582
RSI (14 days): 63.48
Parabolic SAR: 16106
Supports: 16103 - 16037 - 15969
Resistance: 16236 - 16305 - 16370

Bank Nifty Future VWAP: 16228.28
Bank Nifty Future VIX Range: 16062 - 16368
MP Values Bank Nifty Future: VAH - 16253, POC - 16212, VAL - 16171

TARGET BANKNIFTY
Buy BankNifty Future above 16242 - 16300 - 16380 - 16450 SL - 16212
Sell BankNifty Future below 16205 - 16160 - 16085 - 16005 SL - 16238

INTRADAY TRADE
Infratel: Buy above 299 for targets of 303, 310 SL 293
Unionbank: Buy above 222 for targets of 224, 229 SL 218

SCORE SHEET
Exideind: Buy above 176 for targets of 177.5, 181 SL 173: Target 181.20 done
Arvind: Buy above 338 for targets of 341, 347 SL 332: Call not Active

POSITIONAL TRADE
Exideind: Buy above 180 for target of 189 SL 177 (2-3 Days)
Unitech: Buy above 24.4 for target of 26.5 SL 23.6 (1 Week)

Thanks and Regards

MarketPulse S&P