Market outlook for 19/05/2014

Nifty closed up 72.35 points (1.12%) at 7203.00 while Future closed at 7244.40, premium of 41.40 points.
Bank Nifty closed up 616.45 points (4.33%) at 14853.00 while Future closed at 14947.80, premium of 94.80 points.

• FII bought huge in Cash (Net buy 3634.82 Crore)
• FII sold in index future, index option, and in stock future (Net sell 5293.17 Crore)
• DII sold in Cash (Net sell 349.32 Crore)
• Most Active Nifty Call Option: 7500 and 7600.
• Most Active Nifty Put Options: 7200 and 7000.
• Advance Decline for the day was 802:724.
• McClellan's oscillator for NSE at -07.

NIFTY TECHNICAL

Current Spot: 7203.00
Pivot: 7299
5DEMA: 7089
10DEMA: 6983
20DEMA: 6876
50DEMA: 6691
RSI (14 days): 79.62
Parabolic SAR: 6776
Supports: 7035 - 6866 - 6602
Resistance: 7467 - 7732 - 7900

Nifty Future VIX Range: 7167 - 7321
Nifty Future VWAP: 7402.22
MP Values Nifty Future: VAH - 7586, POC - 7437, VAL - 7288

TARGET NIFTY
Buy Nifty Future above 7289 - 7375 - 7505 - 7750 SL - 7244
Sell Nifty Future below 7234 - 7130 - 6980 - 6745 SL - 7288

BANKNIFTY TECHNICAL

Current Spot: 14853.00
Pivot: 15021
5DEMA: 14288
10DEMA: 13902
20DEMA: 13473
50DEMA: 12718
RSI (14 days): 86.48
Parabolic SAR: 13805
Supports: 14300 - 13747 - 13026
Resistance: 15574 - 16295 - 16848

Bank Nifty Future VIX Range: 14683 - 15256
Bank Nifty Future VWAP: 15275.46
MP Values Bank Nifty Future: VAH - 15517, POC - 15143, VAL - 14769

TARGET BANKNIFTY
Buy BankNifty Future above 15093 - 15210 - 15400 - 15850 SL - 15064
Sell BankNifty Future below 14925 - 14805 - 14600 - 14250 SL - 15089

INTRADAY TRADE
RelInfra: Buy above 630 for targets of 637, 652 SL 622
Sslt: Buy above 218 for targets of 221, 229 SL 213

SCORE SHEET
Nilkamal: Buy above 238 for targets of 241, 248 SL 234: Call not Active
Apollotyre: Buy above 179 for targets of 182, 190 SL 175: Call not Active

POSITIONAL TRADE
Pnb: Buy above 935 for target of 1000 SL 924 (2-3 Days)
Jppower: Buy above 18.6 for target of 22.2 SL 18.2 (1 Week)

Thanks and Regards

MarketPulse S&P