Market outlook for 13/05/2014

Nifty closed up 155.45 points (2.27%) at 7014.25 while Future closed at 7043.05, premium of 28.80 points.
Bank Nifty closed up 334.55 points (2.43%) at 14085.05 while Future closed at 14181.80, premium of 96.75 points.

• FII bought in Cash (Net buy 1217.95 Crore)
• FII sold in index future, index option and in stock future (Net sell 2409.39 Crore)
• DII bought in Cash (Net buy 92.56 Crore)
• Most Active Nifty Call Option: 7200 and 7500.
• Most Active Nifty Put Options: 6800 and 6500.
• Advance Decline for the day was 765:748.
• McClellan's oscillator for NSE at -21.

NIFTY TECHNICAL

Current Spot: 7014.25
Pivot: 6966
5DEMA: 6833
10DEMA: 6784
20DEMA: 6746
50DEMA: 6608
RSI (14 days): 72.86
Parabolic SAR: 6646
Supports: 6911 - 6809 - 6754
Resistance: 7069 - 7123 - 7226

Nifty Future VIX Range: 6975 - 7127
Nifty Future VWAP: 6997.30
MP Values Nifty Future: VAH - 7020, POC - 6986, VAL - 6952

TARGET NIFTY
Buy Nifty Future above 7047 - 7085 - 7130 - 7180 SL - 6997
Sell Nifty Future below 6992 - 6960 - 6910 - 6840 SL - 7020

BANKNIFTY TECHNICAL

Current Spot: 14085.05
Pivot: 14013
5DEMA: 13512
10DEMA: 13264
20DEMA: 13019
50DEMA: 12403
RSI (14 days): 80.12
Parabolic SAR: 13018
Supports: 13873 - 13661 - 13522
Resistance: 14225 - 14364 - 14576

Bank Nifty Future VIX Range: 13950 - 14454
Bank Nifty Future VWAP: 14149.65
MP Values Bank Nifty Future: VAH - 14248, POC - 14166, VAL - 14084

TARGET BANKNIFTY
Buy BankNifty Future above 14192 - 14295 - 14450 - 14650 SL - 14099
Sell BankNifty Future below 14093 - 13980 - 13780 - 13650 SL - 14166

INTRADAY TRADE
Hdfcbank: Buy above 796 for targets of 805, 819 SL 785
CoalIndia: Buy above 334 for targets of 338, 347 SL 328

SCORE SHEET
Fincables: Buy above 155 for targets of 157, 162 SL 152: Target 157.50 done
Adaniports: Buy above 207 for targets of 210, 215 SL 203: Target 209.50 done

POSITIONAL TRADE
TataMotors: Buy above 447 for target of 460 SL 438 (2-3 Days)
Celestial: Buy above 23.9 for target of 25.5 SL 23.5 (1 Week)

Thanks and Regards

MarketPulse S&P