Market outlook for 27/05/2014

Nifty closed down 8.05 points (0.11%) at 7359.05 while Future closed at 7361.80, premium of 2.75 points.
Bank Nifty closed down 109.60 points (0.72%) at 15175.90 while Future closed at 15192.50, premium of 16.60 points.

• FII sold in Cash (Net sell 84.13 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 279.92 Crore)
• DII sold in Cash (Net buy 208.39 Crore)
• Most Active Nifty Call Option: 7400 and 7500.
• Most Active Nifty Put Options: 7400 and 7300.
• Advance Decline for the day was 534:1056.
• McClellan's oscillator for NSE at +54.

NIFTY TECHNICAL

Current Spot: 7359.05
Pivot: 7377
5DEMA: 7305
10DEMA: 7214
20DEMA: 7070
50DEMA: 6832
RSI (14 days): 81.40
Parabolic SAR: 7086
Supports: 7251 - 7142 - 7016
Resistance: 7486 - 7612 - 7721

Nifty Future VIX Range: 7297 - 7435
Nifty Future VWAP: 7419.92
MP Values Nifty Future: VAH - 7512, POC - 7457, VAL - 7349

TARGET NIFTY
Buy Nifty Future above 7386 - 7420 - 7465 - 7520 SL - 7349
Sell Nifty Future below 7348 - 7310 - 7265 - 7200 SL - 7385

BANKNIFTY TECHNICAL

Current Spot: 15175.90
Pivot: 15238
5DEMA: 15080
10DEMA: 14771
20DEMA: 14225
50DEMA: 13249
RSI (14 days): 78.28
Parabolic SAR: 14969
Supports: 14907 - 14639 - 14309
Resistance: 15506 - 15837 - 16105

Bank Nifty Future VIX Range: 14919 - 15449
Bank Nifty Future VWAP: 15360.37
MP Values Bank Nifty Future: VAH - 15451, POC - 15245, VAL - 15039

TARGET BANKNIFTY
Buy BankNifty Future above 15274 - 15450 - 15600 - 15850 SL - 15245
Sell BankNifty Future below 15185 - 15030 - 14840 - 14550 SL - 15270

INTRADAY TRADE
Sslt: Buy above 280 for targets of 283, 288 SL 276
Marico: Buy above 244 for targets of 247, 253 SL 241

SCORE SHEET
Hindzinc: Buy above 163 for targets of 166, 171 SL 159: Target 166.00 done
Canbk: Buy above 475 for targets of 482, 495 SL 464: Target 491.85 done

POSITIONAL TRADE
Kalpatpower: Buy above 172 for target of 188 SL 166 (2-3 Days)
Zeemedia: Buy above 17 for target of 19 SL 16.7 (1 Week)

Thanks and Regards

MarketPulse S&P