Market outlook for 16/10/2014

Nifty closed down 20.25 points (0.26%) at 7864.00 while Future closed at 7895.25, premium of 31.25 points.
Bank Nifty closed up 74.05 points (0.47%) at 15751.55 while Future closed at 15799.15, premium of 47.60 points.

• FII sold in Cash (Net sell 694.67 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 169.11 Crore)
• DII bought in Cash (Net buy 495.52 Crore)
• Most Active Nifty Call Option: 8000 and 8100.
• Most Active Nifty Put Options: 7900 and 7800.
• Advance Decline for the day was 653:890.
• McClellan's oscillator for NSE at -29.

NIFTY TECHNICAL

Current Spot: 7864.00
Pivot: 7872
5DEMA: 7884
10DEMA: 7911
20DEMA: 7943
50DEMA: 7894
RSI (14 days): 44.27
Parabolic SAR: 8027
Supports: 7817 - 7770 - 7714
Resistance: 7920 - 7975 - 8022

Nifty Future VWAP: 7896.92
Nifty Future VIX Range: 7837 - 7969
MP Values Nifty Future: VAH - 7932, POC - 7905, VAL - 7878

TARGET NIFTY
Buy Nifty Future above 7905 - 7932 - 7970 - 8020 SL - 7894
Sell Nifty Future below 7883 - 7860 - 7820 - 7770 SL - 7904

BANKNIFTY TECHNICAL

Current Spot: 15751.55
Pivot: 15719
5DEMA: 15613
10DEMA: 15593
20DEMA: 15650
50DEMA: 15558
RSI (14 days): 52.47
Parabolic SAR: 15130
Supports: 15593 - 15435 - 15310
Resistance: 15877 - 16002 - 16160

Bank Nifty Future VWAP: 15774.67
Bank Nifty Future VIX Range: 15583 - 16019
MP Values Bank Nifty Future: VAH - 15848, POC - 15767, VAL - 15686

TARGET BANKNIFTY
Buy BankNifty Future above 15811 - 15900 - 16040 - 16230 SL - 15766
Sell BankNifty Future below 15734 - 15645 - 15510 - 15320 SL - 15766

INTRADAY TRADE
Pfc: Buy above 250 for targets of 253, 258 SL 247
Bhel: Buy above 227 for targets of 230, 235 SL 223

SCORE SHEET
Indusindbk: Buy above 640 for targets of 646, 658 SL 634: Target 654.00 done
Jindalstel: Buy above 160 for targets of 162, 165 SL 157: Target 163.50 done

POSITIONAL TRADE
Lichsgfin: Buy above 335 for target of 349 SL 331 (2-3 Days)
Hoteleela: Buy above 23.2 for target of 25.5 SL 22.5 (1 Week)

Thanks and Regards

MarketPulse S&P