Market outlook for 07/05/2014

Nifty closed up 15.95 points (0.24%) at 6715.30 while Future closed at 6746.70, premium of 31.40 points.
Bank Nifty closed up 85.40 points (0.66%) at 12966.05 while Future closed at 13057.40, premium of 91.35 points.

• FII bought in Cash (Net buy 45.93 Crore)
• FII sold in index future, index option, and in stock future (Net sell 1249.27 Crore)
• DII sold in Cash (Net sell 55.73 Crore)
• Most Active Nifty Call Option: 7000 and 7200.
• Most Active Nifty Put Options: 6500 and 6300.
• Advance Decline for the day was 730:759.
• McClellan's oscillator for NSE at -32.

NIFTY TECHNICAL

Current Spot: 6715.30
Pivot: 6720
5DEMA: 6716
10DEMA: 6729
20DEMA: 6713
50DEMA: 6569
RSI (14 days): 54.41
Parabolic SAR: 6857
Supports: 6697 - 6679 - 6655
Resistance: 6739 - 6762 - 6780

Nifty Future VIX Range: 6705 - 6790
Nifty Future VWAP: 6750.29
MP Values Nifty Future: VAH - 6758, POC - 6745, VAL - 6732

TARGET NIFTY
Buy Nifty Future above 6758 - 6770 - 6790 - 6815 SL - 6745
Sell Nifty Future below 6737 - 6725 - 6705 - 6680 SL - 6753

BANKNIFTY TECHNICAL

Current Spot: 12966.05
Pivot: 12965
5DEMA: 12920
10DEMA: 12903
20DEMA: 12779
50DEMA: 12201
RSI (14 days): 61.99
Parabolic SAR: 12773
Supports: 12918 - 12870 - 12823
Resistance: 13013 - 13061 - 13109

Bank Nifty Future VIX Range: 12910 - 13222
Bank Nifty Future VWAP: 13050.54
MP Values Bank Nifty Future: VAH - 13084, POC - 13061, VAL - 13038

TARGET BANKNIFTY
Buy BankNifty Future above 13067 - 13100 - 13145 - 13200 SL - 13038
Sell BankNifty Future below 13033 - 13000 - 12960 - 12900 SL - 13062

INTRADAY TRADE
Titan: Buy above 273 for targets of 276, 284 SL 268
Atul: Buy above 742 for targets of 750, 768 SL 729

SCORE SHEET
Canbk: Buy above 308 for targets of 311, 320 SL 302: Call not Active
Tubeinvest: Buy above 215 for targets of 218, 226 SL 209: Call not Active

POSITIONAL TRADE
Granules: Buy above 400 for target of 424 SL 387 (2-3 Days)
Bslimited: Buy above 19.2 for target of 22 SL 18.8 (1 Week)

Thanks and Regards

MarketPulse S&P