Market outlook for 15/05/2014

Nifty closed flat at 7108.75 while Future closed at 7141.05, premium of 32.30 points.
Bank Nifty closed up 41.55 points (0.29%) at 14207.10 while Future closed at 14305.20, premium of 98.10 points.

• FII bought in Cash (Net buy 1520.08 Crore)
• FII sold in index future, index option and in stock future (Net sell 4473.46 Crore)
• DII sold in Cash (Net sell 410.01 Crore)
• Most Active Nifty Call Option: 7500 and 8000.
• Most Active Nifty Put Options: 6500 and 6700.
• Advance Decline for the day was 965:553.
• McClellan's oscillator for NSE at +08.

NIFTY TECHNICAL

Current Spot: 7108.75
Pivot: 7111
5DEMA: 6986
10DEMA: 6892
20DEMA: 6812
50DEMA: 6644
RSI (14 days): 76.54
Parabolic SAR: 6698
Supports: 7079 - 7049 - 7018
Resistance: 7140 - 7172 - 7202

Nifty Future VIX Range: 7064 - 7216
Nifty Future VWAP: 7138.00
MP Values Nifty Future: VAH - 7151, POC - 7140, VAL - 7129

TARGET NIFTY
Buy Nifty Future above 7151 - 7170 - 7200 - 7235 SL - 7136
Sell Nifty Future below 7129 - 7112 - 7085 - 7050 SL - 7144

BANKNIFTY TECHNICAL

Current Spot: 14207.10
Pivot: 14197
5DEMA: 13889
10DEMA: 13569
20DEMA: 13230
50DEMA: 12527
RSI (14 days): 81.55
Parabolic SAR: 13346
Supports: 14074 - 13940 - 13816
Resistance: 14331 - 14454 - 14588

Bank Nifty Future VIX Range: 14066 - 14545
Bank Nifty Future VWAP: 14291.70
MP Values Bank Nifty Future: VAH - 14349, POC - 14299, VAL - 14249

TARGET BANKNIFTY
Buy BankNifty Future above 14316 - 14400 - 14540 - 14690 SL - 14273
Sell BankNifty Future below 14259 - 14165 - 14025 - 13890 SL - 14299

INTRADAY TRADE
BgrEnergy: Buy above 178 for targets of 181, 187 SL 173
BankBaroda: Buy above 965 for targets of 974, 994 SL 948

SCORE SHEET
Idfc: Buy above 122 for targets of 123.5, 126 SL 119: Call not Active
Tatasteel: Buy above 429 for targets of 433, 440 SL 424: Target 454.70 done

POSITIONAL TRADE
Adanient: Buy above 505 for target of 535 SL 497 (2-3 Days)
Ivrclinfra: Buy above 18.5 for target of 21 SL 18 (1 Week)

Thanks and Regards

MarketPulse S&P