Market outlook for 30/05/2014

Nifty closed down 94.00 points (1.28%) at 7235.65 while Future closed at 7265.70, premium of 30.05 points.
Bank Nifty closed down 143.05 points (0.94%) at 15030.30 while Future closed at 15062.50, premium of 32.20 points.

• FII sold in Cash (Net sell 522.90 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 1283.44 Crore)
• DII bought in Cash (Net buy 195.20 Crore)
• Most Active Nifty Call Option: 7500 and 7300.
• Most Active Nifty Put Options: 7200 and 7000.
• Advance Decline for the day was 670:905.
• McClellan's oscillator for NSE at +23.

NIFTY TECHNICAL

Current Spot: 7235.65
Pivot: 7262
5DEMA: 7289
10DEMA: 7248
20DEMA: 7128
50DEMA: 6882
RSI (14 days): 65.49
Parabolic SAR: 7192
Supports: 7198 - 7161 - 7097
Resistance: 7299 - 7363 - 7400

Nifty Future VIX Range: 7210 - 7344
Nifty Future VWAP: 7300.82
MP Values Nifty Future: VAH - 7348, POC - 7314, VAL - 7280

TARGET NIFTY
Buy Nifty Future above 7301 - 7335 - 7380 - 7430 SL - 7280
Sell Nifty Future below 7255 - 7220 - 7175 - 7115 SL - 7300

BANKNIFTY TECHNICAL

Current Spot: 15030.30
Pivot: 15097
5DEMA: 15085
10DEMA: 14916
20DEMA: 14450
50DEMA: 13450
RSI (14 days): 71.46
Parabolic SAR: 15710
Supports: 14940 - 14850 - 14693
Resistance: 15187 - 15344 - 15434

Bank Nifty Future VIX Range: 14819 - 15305
Bank Nifty Future VWAP: 15167.00
MP Values Bank Nifty Future: VAH - 15258, POC - 15177, VAL - 15096

TARGET BANKNIFTY
Buy BankNifty Future above 15136 - 15215 - 15330 - 15460 SL - 15096
Sell BankNifty Future below 15040 - 14970 - 14875 - 14715 SL - 15132

INTRADAY TRADE
Techno: Buy above 252 for targets of 255, 265 SL 248
BankIndia: Buy above 327 for targets of 331, 337 SL 323

SCORE SHEET
Bhel: Buy above 250 for targets of 253, 260 SL 245: Target 251.65 done
Rcom: Buy above 146 for targets of 148, 153 SL 142: Call not Active

POSITIONAL TRADE
Jklakshmi: Buy above 188 for target of 201 SL 183 (2-3 Days)
Hfcl: Buy above 15.4 for target of 17 SL 14.7 (1 Week)

Thanks and Regards

MarketPulse S&P