Market outlook for 05/06/2014

Nifty closed down 13.60 points (0.18%) at 7402.25 while Future closed at 7416.40, premium of 14.15 points.
Bank Nifty closed up 75.90 points (0.50%) at 15333.40 while Future closed at 15297.95, discount of 35.45 points.

• FII bought in Cash (Net buy 192.56 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 188.79 Crore)
• DII sold in Cash (Net sell 191.67 Crore)
• Most Active Nifty Call Option: 7500 and 7600.
• Most Active Nifty Put Options: 7400 and 7300.
• Advance Decline for the day was 1129:436.
• McClellan's oscillator for NSE at +50.

NIFTY TECHNICAL

Current Spot: 7402.25
Pivot: 7409
5DEMA: 7360
10DEMA: 7313
20DEMA: 7204
50DEMA: 6959
RSI (14 days): 72.18
Parabolic SAR: 7537
Supports: 7385 - 7367 - 7343
Resistance: 7427 - 7451 - 7469

Nifty Future VIX Range: 7348 - 7488
Nifty Future VWAP: 7418.11
MP Values Nifty Future: VAH - 7425, POC - 7418, VAL - 7411

TARGET NIFTY
Buy Nifty Future above 7426 - 7435 - 7455 - 7470 SL - 7416
Sell Nifty Future below 7410 - 7401 - 7385 - 7365 SL - 7425

BANKNIFTY TECHNICAL

Current Spot: 15333.40
Pivot: 15300
5DEMA: 15207
10DEMA: 15076
20DEMA: 14694
50DEMA: 13729
RSI (14 days): 70.87
Parabolic SAR: 15577
Supports: 15204 - 15075 - 14978
Resistance: 15430 - 15526 - 15656

Bank Nifty Future VIX Range: 15053 - 15571
Bank Nifty Future VWAP: 15269.56
MP Values Bank Nifty Future: VAH - 15346, POC - 15285, VAL - 15224

TARGET BANKNIFTY
Buy BankNifty Future above 15309 - 15385 - 15480 - 15600 SL - 15252
Sell BankNifty Future below 15237 - 15170 - 15050 - 14945 SL - 15285

INTRADAY TRADE
Max: Buy above 332 for targets of 336, 349 SL 323
Heg: Buy above 279 for targets of 283, 291 SL 274

SCORE SHEET
TataSteel: Buy above 530 for targets of 536, 546 SL 521: Target 543.40 done
Sslt: Buy above 300 for targets of 304, 310 SL 294: Call not Active

POSITIONAL TRADE
Crompgreav: Buy above 213 for target of 223 SL 207 (2-3 Days)
Aloktext: Buy above 11.2 for target of 13 SL 10.7 (1 Week)

Thanks and Regards

MarketPulse S&P