Market outlook for 10/06/2014

Nifty closed up 71.20 points (0.94%) at 7654.60 while Future closed at 7669.75, premium of 15.15 points.
Bank Nifty closed up 24.25 points (0.16%) at 15567.40 while Future closed at 15583.65, premium of 16.25 points.

• FII bought in Cash (Net buy 536.68 Crore)
• FII bought in index option, index future but sold in stock future (Net buy 477.81 Crore)
• DII sold in Cash (Net sell 490.03 Crore)
• Most Active Nifty Call Option: 7700 and 7800.
• Most Active Nifty Put Options: 7600 and 7500.
• Advance Decline for the day was 1173:423.
• McClellan's oscillator for NSE at +75.

NIFTY TECHNICAL

Current Spot: 7654.60
Pivot: 7636
5DEMA: 7525
10DEMA: 7435
20DEMA: 7301
50DEMA: 7048
RSI (14 days): 80.55
Parabolic SAR: 7130
Supports: 7599 - 7543 - 7505
Resistance: 7692 - 7730 - 7786

Nifty Future VIX Range: 7589 - 7739
Nifty Future VWAP: 7657.67
MP Values Nifty Future: VAH - 7669, POC - 7650, VAL - 7631

TARGET NIFTY
Buy Nifty Future above 7672 - 7690 - 7720 - 7755 SL - 7656
Sell Nifty Future below 7650 - 7635 - 7605 - 7575 SL - 7671

BANKNIFTY TECHNICAL

Current Spot: 15567.40
Pivot: 15605
5DEMA: 15413
10DEMA: 15260
20DEMA: 14898
50DEMA: 14023
RSI (14 days): 72.59
Parabolic SAR: 14730
Supports: 15485 - 15402 - 15282
Resistance: 15688 - 15808 - 15891

Bank Nifty Future VIX Range: 15306 - 15800
Bank Nifty Future VWAP: 15635.19
MP Values Bank Nifty Future: VAH - 15683, POC - 15617, VAL - 15551

TARGET BANKNIFTY
Buy BankNifty Future above 15635 - 15705 - 15800 - 15920 SL - 15599
Sell BankNifty Future below 15565 - 15490 - 15390 - 15260 SL - 15631

INTRADAY TRADE
Sail: Buy above 110 for targets of 111, 113 SL 108.9
AsianPaint: Buy above 530 for targets of 535, 545 SL 523

SCORE SHEET
Erosmedia: Buy above 235 for targets of 238, 247 SL 227: SL Hit
Prestige: Buy above 232 for targets of 235, 245 SL 226: Target 265.00 done

POSITIONAL TRADE
L&tfin: Buy above 81 for target of 84 SL 80 (2-3 Days)
Nhpc: Buy above 28.30 for target of 30 SL 27.5 (1 Week)

Thanks and Regards

MarketPulse S&P