Market outlook for 14/05/2014

Nifty closed up 94.50 points (1.35%) at 7108.75 while Future closed at 7135.30, premium of 26.55 points.
Bank Nifty closed up 80.50 points (0.57%) at 14165.55 while Future closed at 14257.35, premium of 91.80 points.

• FII bought in Cash (Net buy 2026.23 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 2426.77 Crore)
• DII sold in Cash (Net sell 649.42 Crore)
• Most Active Nifty Call Option: 7200 and 7500.
• Most Active Nifty Put Options: 7000 and 6800.
• Advance Decline for the day was 959:547.
• McClellan's oscillator for NSE at -06.

NIFTY TECHNICAL

Current Spot: 7108.75
Pivot: 7116
5DEMA: 6925
10DEMA: 6843
20DEMA: 6780
50DEMA: 6620
RSI (14 days): 76.60
Parabolic SAR: 6667
Supports: 7060 - 7011 - 6955
Resistance: 7165 - 7221 - 7270

Nifty Future VIX Range: 7060 - 7216
Nifty Future VWAP: 7140.39
MP Values Nifty Future: VAH - 7170, POC - 7140, VAL - 7110

TARGET NIFTY
Buy Nifty Future above 7144 - 7185 - 7240 - 7300 SL - 7129
Sell Nifty Future below 7125 - 7080 - 7025 - 6965 SL - 7143

BANKNIFTY TECHNICAL

Current Spot: 14165.55
Pivot: 14213
5DEMA: 13730
10DEMA: 13428
20DEMA: 13127
50DEMA: 12451
RSI (14 days): 81.19
Parabolic SAR: 13180
Supports: 14058 - 13951 - 13796
Resistance: 14320 - 14475 - 14582

Bank Nifty Future VIX Range: 13985 - 14475
Bank Nifty Future VWAP: 14306.02
MP Values Bank Nifty Future: VAH - 14351, POC - 14285, VAL - 14219

TARGET BANKNIFTY
Buy BankNifty Future above 14313 - 14405 - 14550 - 14720 SL - 14285
Sell BankNifty Future below 14236 - 14150 - 14005 - 13840 SL - 14307

INTRADAY TRADE
Idfc: Buy above 122 for targets of 123.5, 126 SL 119
Tatasteel: Buy above 429 for targets of 433, 440 SL 424

SCORE SHEET
Hdfcbank: Buy above 796 for targets of 805, 819 SL 785: Call not Active
CoalIndia: Buy above 334 for targets of 338, 347 SL 328: Target 342.50 done

POSITIONAL TRADE
Ktkbank: Buy above 128 for target of 135 SL 123 (2-3 Days)
Nhpc: Buy above 20 for target of 22 SL 19.5 (1 Week)

Thanks and Regards

MarketPulse S&P