Monday, June 30, 2014

Market outlook for 01/07/2014

Nifty closed up 102.55 points (1.37%) at 7611.35 while Future closed at 7634.35, premium of 23.00 points.
Bank Nifty closed up 249.55 points (1.66%) at 15241.90 while Future closed at 15366.60, premium of 124.70 points.
  • FII bought huge in Cash (Net buy 1288.16 Crore)
  • FII sold in index future, stock future but bought in index option (Net sell 158.11 Crore)
  • DII sold in Cash (Net sell 181.23 Crore)
  • Most Active Nifty Call Option: 7700 and 7800.
  • Most Active Nifty Put Options: 7500 and 7400.
  • Advance Decline for the day was 1155:398.
  • McClellan's oscillator for NSE at +03.
NIFTY TECHNICAL
Current Spot: 7611.35
Pivot: 7589
5DEMA: 7554
10DEMA: 7547
20DEMA: 7500
50DEMA: 7294
RSI (14 days): 62.21
Parabolic SAR: 7482
Supports: 7554 - 7497 - 7462
Resistance: 7646 - 7681 - 7738
Nifty Future VIX Range: 7556 - 7692
Nifty Future VWAP: 7619.94
MP Values Nifty Future: VAH - 7647, POC - 7624, VAL - 7601

TARGET NIFTY
Buy Nifty Future above 7647 - 7665 - 7700 - 7755 SL - 7601
Sell Nifty Future below 7600 - 7580 - 7535 - 7485 SL - 7624

BANKNIFTY TECHNICAL
Current Spot: 15241.90
Pivot: 15210
5DEMA: 15145
10DEMA: 15159
20DEMA: 15112
50DEMA: 14598
RSI (14 days): 55.86
Parabolic SAR: 15567
Supports: 15091 - 14939 - 14820
Resistance: 15362 - 15481 - 15632
Bank Nifty Future VIX Range: 15141 - 15559
Bank Nifty Future VWAP: 15369.25
MP Values Bank Nifty Future: VAH - 15450, POC - 15390, VAL - 15306

TARGET BANKNIFTY
Buy BankNifty Future above 15390 - 15470 - 15580 - 15730 SL - 15306
Sell BankNifty Future below 15304 - 15230 - 15090 - 14970 SL - 15370

INTRADAY TRADE
Unionbank: Buy above 243 for targets of 246, 251 SL 238
Lichsgfin: Buy above 329 for targets of 332, 337 SL 324

SCORE SHEET
Godrejind: Buy above 356 for targets of 359, 365 SL 351: Target 368.00 done
Hcltech: Buy above 1485 for targets of 1492, 1515 SL 1470: Target 1508.00 done

POSITIONAL TRADE
Adaniports: Buy above 245 for target of 253 SL 240 (2-3 Days)
Texmopipes: Buy above 13.30 for target of 15.50 SL 12.70 (1 Week)

Thanks and Regards

MarketPulse S&P

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