Market outlook for 20/05/2014

Nifty closed up 60.55 points (0.84%) at 7263.55 while Future closed at 7279.90, premium of 16.35 points.
Bank Nifty closed up 369.15 points (2.49%) at 15222.15 while Future closed at 15296.40, premium of 74.25 points.

• FII bought huge in Cash (Net buy 1350.04 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1260.31 Crore)
• DII sold in Cash (Net sell 348.48 Crore)
• Most Active Nifty Call Option: 7400 and 7500.
• Most Active Nifty Put Options: 7200 and 7000.
• Advance Decline for the day was 1285:269.
• McClellan's oscillator for NSE at +26.

NIFTY TECHNICAL

Current Spot: 7263.55
Pivot: 7249
5DEMA: 7147
10DEMA: 7034
20DEMA: 6913
50DEMA: 6716
RSI (14 days): 81.34
Parabolic SAR: 6839
Supports: 7208 - 7152 - 7110
Resistance: 7305 - 7347 - 7403

Nifty Future VIX Range: 7193 - 7343
Nifty Future VWAP: 7278.43
MP Values Nifty Future: VAH - 7309, POC - 7286, VAL - 7263

TARGET NIFTY
Buy Nifty Future above 7286 - 7325 - 7370 - 7430 SL - 7263
Sell Nifty Future below 7262 - 7230 - 7185 - 7125 SL - 7279

BANKNIFTY TECHNICAL

Current Spot: 15222.15
Pivot: 15187
5DEMA: 14599
10DEMA: 14142
20DEMA: 13640
50DEMA: 12820
RSI (14 days): 88.40
Parabolic SAR: 14115
Supports: 15068 - 14913 - 14794
Resistance: 15341 - 15460 - 15615

Bank Nifty Future VIX Range: 14996 - 15588
Bank Nifty Future VWAP: 15256.70
MP Values Bank Nifty Future: VAH - 15349, POC - 15272, VAL - 15195

TARGET BANKNIFTY
Buy BankNifty Future above 15310 - 15405 - 15515 - 15650 SL - 15254
Sell BankNifty Future below 15239 - 15150 - 15030 - 14900 SL - 15272

INTRADAY TRADE
Bhel: Buy above 270 for targets of 273, 280 SL 265
CoalIndia: Buy above 395 for targets of 400, 410 SL 387

SCORE SHEET
RelInfra: Buy above 630 for targets of 637, 652 SL 622: Target 740.00 done
Sslt: Buy above 218 for targets of 221, 229 SL 213: Target 230.00 done

POSITIONAL TRADE
Suzlon: Buy above 17.5 for target of 19 SL 16.5 (2-3 Days)
Pfs: Buy above 22 for target of 24 SL 21.3 (1 Week)

Thanks and Regards

MarketPulse S&P