Monday, June 2, 2014

Market outlook for 03/06/2014

Nifty closed up 132.55 points (1.83%) at 7362.50 while Future closed at 7370.95, premium of 8.45 points.
Bank Nifty closed up 493.85 points (3.34%) at 15287.25 while Future closed at 15276.55, discount of 10.70 points.
  • FII bought in Cash (Net buy 234.49 Crore)
  • FII bought in index future, index option, and in stock future (Net buy 1542.12 Crore)
  • DII sold in Cash (Net sell 148.81 Crore)
  • Most Active Nifty Call Option: 7300 and 7400.
  • Most Active Nifty Put Options: 7300 and 7200.
  • Advance Decline for the day was 1127:446.
  • McClellan's oscillator for NSE at +32.
NIFTY TECHNICAL
Current Spot: 7362.50
Pivot: 7324
5DEMA: 7300
10DEMA: 7266
20DEMA: 7159
50DEMA: 6914
RSI (14 days): 71.61
Parabolic SAR: 7555
Supports: 7278 - 7194 - 7149
Resistance: 7408 - 7453 - 7537
Nifty Future VIX Range: 7298 - 7443
Nifty Future VWAP: 7324.59
MP Values Nifty Future: VAH - 7359, POC - 7316, VAL - 7273

TARGET NIFTY
Buy Nifty Future above 7373 - 7405 - 7450 - 7515 SL - 7319
Sell Nifty Future below 7316 - 7285 - 7245 - 7190 SL - 7359

BANKNIFTY TECHNICAL
Current Spot: 15287.25
Pivot: 15126
5DEMA: 15088
10DEMA: 14965
20DEMA: 14559
50DEMA: 13573
RSI (14 days): 70.85
Parabolic SAR: 15651
Supports: 14931 - 14575 - 14379
Resistance: 15483 - 15678 - 16035
Bank Nifty Future VIX Range: 14983 - 15529
Bank Nifty Future VWAP: 15062.01
MP Values Bank Nifty Future: VAH - 15313, POC - 15199, VAL - 14974

TARGET BANKNIFTY
Buy BankNifty Future above 15288 - 15390 - 15550 - 15850 SL - 15199
Sell BankNifty Future below 15077 - 14980 - 14730 - 14500 SL - 15108

INTRADAY TRADE
Syndibank: Buy above 159 for targets of 161, 166 SL 155
Aban: Buy above 754 for targets of 763, 780 SL 744

SCORE SHEET
Adaniports: Buy above 230 for targets of 233, 240 SL 225: Call not Active
Ntpc: Buy above 161 for targets of 163, 167 SL 158: Call not Active

POSITIONAL TRADE
Max: Buy above 294 for target of 319 SL 281 (2-3 Days)
Kserasera: Buy above 19.5 for target of 22.8 SL 18.5 (1 Week)

Thanks and Regards

MarketPulse S&P

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