Market outlook for 22/10/2014

Nifty closed up 48.35 points (0.61%) at 7927.75 while Future closed at 7946.40, premium of 18.65 points.
Bank Nifty closed up 210.65 points (1.30%) at 16427.25 while Future closed at 16463.10, premium of 35.85 points.

• FII bought in Cash (Net buy 32.40 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1364.64 Crore)
• DII bought in Cash (Net buy 68.94 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7900 and 7800.
• Advance Decline for the day was 799:695.
• McClellan's oscillator for NSE at -20.

NIFTY TECHNICAL

Current Spot: 7927.75
Pivot: 7913
5DEMA: 7869
10DEMA: 7877
20DEMA: 7910
50DEMA: 7905
RSI (14 days): 50.64
Parabolic SAR: 7937
Supports: 7889 - 7851 - 7827
Resistance: 7951 - 7975 - 8014

Nifty Future VWAP: 7931.68
Nifty Future VIX Range: 7877 - 8018
MP Values Nifty Future: VAH - 7955, POC - 7937, VAL - 7919

TARGET NIFTY
Buy Nifty Future above 7955 - 7970 - 8000 - 8045 SL - 7929
Sell Nifty Future below 7919 - 7905 - 7870 - 7840 SL - 7938

BANKNIFTY TECHNICAL

Current Spot: 16427.25
Pivot: 16383
5DEMA: 16058
10DEMA: 15873
20DEMA: 15789
50DEMA: 15702
RSI (14 days): 62.80
Parabolic SAR: 15281
Supports: 16313 - 16199 - 16129
Resistance: 16497 - 16567 - 16681

Bank Nifty Future VWAP: 16407.52
Bank Nifty Future VIX Range: 16228 - 16722
MP Values Bank Nifty Future: VAH - 16467, POC - 16415, VAL - 16363

TARGET BANKNIFTY
Buy BankNifty Future above 16475 - 16535 - 16620 - 16750 SL - 16399
Sell BankNifty Future below 16383 - 16335 - 16195 - 16120 SL - 15416

INTRADAY TRADE
Pfc: Buy above 277 for targets of 280, 286 SL 272
Sslt: Buy above 249 for targets of 252, 258 SL 246

SCORE SHEET
Tvsmotor: Buy above 247 for targets of 250, 255 SL 242: Target 261.75 done
Idea: Buy above 162 for targets of 163.5, 166 SL 159: Target 166.20 done

POSITIONAL TRADE
TvsMotor: Buy above 262 for target of 277 SL 257 (2-3 Days)
Nhpc: Buy above 19.5 for target of 21.5 SL 19.1 (1 Week)

Thanks and Regards

MarketPulse S&P