Market outlook for 30/10/2014

Nifty closed up 62.85 points (0.78%) at 8090.45 while Future closed at 8089.15, discount of 1.30 points.
Bank Nifty closed down 32.95 points (0.20%) at 16634.05 while Future closed at 16640.60, premium of 6.55 points.

• FII bought in Cash (Net buy 785.61 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 3953.28 Crore)
• DII sold in Cash (Net sell 507.29 Crore)
• Most Active Nifty Call Option: 8000 and 8100.
• Most Active Nifty Put Options: 8100 and 8000.
• Advance Decline for the day was 866:656.
• McClellan's oscillator for NSE at +31.

NIFTY TECHNICAL

Current Spot: 8090.45
Pivot: 8080
5DEMA: 8019
10DEMA: 7976
20DEMA: 7957
50DEMA: 7935
RSI (14 days): 60.11
Parabolic SAR: 7783
Supports: 8062 - 8035 - 8017
Resistance: 8108 - 8126 - 8154

Nifty Future VWAP: 8074.25
Nifty Future VIX Range: 8027 - 8156
MP Values Nifty Future: VAH - 8081, POC - 8071, VAL - 8061

TARGET NIFTY
Buy Nifty Future above 8095 - 8105 - 8125 - 8150 SL - 8071
Sell Nifty Future below 8069 - 8060 - 8040 - 8015 SL - 8089

BANKNIFTY TECHNICAL

Current Spot: 16634.05
Pivot: 16667
5DEMA: 16525
10DEMA: 16319
20DEMA: 16095
50DEMA: 15863
RSI (14 days): 65.32
Parabolic SAR: 15892
Supports: 16563 - 16493 - 16390
Resistance: 16737 - 16841 - 16911

Bank Nifty Future VWAP: 16661.81
Bank Nifty Future VIX Range: 16435 - 16865
MP Values Bank Nifty Future: VAH - 16699, POC - 16653, VAL - 16607

TARGET BANKNIFTY
Buy BankNifty Future above 16684 - 16745 - 16850 - 16940 SL - 16653
Sell BankNifty Future below 16616 - 16570 - 16485 - 16380 SL - 16681

INTRADAY TRADE
TataSteel: Buy above 473 for targets of 477, 484 SL 467
Hindalco: Buy above 157.5 for targets of 159, 163 SL 155

SCORE SHEET
Crompgreav: Buy above 182 for targets of 183.5, 187 SL 179: Target 184.00 done
Irb: Buy above 252 for targets of 255, 259 SL 249: Target 256.75 done

POSITIONAL TRADE
Adaniports: Buy above 273 for target of 280 SL 268 (2-3 Days)
Unitech: Buy above 18.1 for target of 20.2 SL 17.5 (1 Week)

Thanks and Regards

MarketPulse S&P