Tuesday, June 10, 2014

Market outlook for 11/06/2014

Nifty closed up 1.80 points (0.02%) at 7656.40 while Future closed at 7668.30, premium of 11.90 points.
Bank Nifty closed down 139.60 points (0.90%) at 15427.80 while Future closed at 15474.00, premium of 46.20 points.
  • FII bought in Cash (Net buy 682.26 Crore)
  • FII sold in index option, index future but bought in stock future (Net sell 828.90 Crore)
  • DII sold huge in Cash (Net sell 1215.47 Crore)
  • Most Active Nifty Call Option: 7700 and 7800.
  • Most Active Nifty Put Options: 7600 and 7500.
  • Advance Decline for the day was 825:771.
  • McClellan's oscillator for NSE at +61.
NIFTY TECHNICAL
Current Spot: 7656.40
Pivot: 7640
5DEMA: 7569
10DEMA: 7475
20DEMA: 7335
50DEMA: 7072
RSI (14 days): 80.60
Parabolic SAR: 7152
Supports: 7596 - 7536 - 7492
Resistance: 7700 - 7744 - 7804
Nifty Future VIX Range: 7602 - 7748
Nifty Future VWAP: 7633.62
MP Values Nifty Future: VAH - 7656, POC - 7631, VAL - 7606

TARGET NIFTY
Buy Nifty Future above 7674 - 7695 - 7730 - 7765 SL - 7633
Sell Nifty Future below 7631 - 7610 - 7565 - 7535 SL - 7656

BANKNIFTY TECHNICAL
Current Spot: 15427.80
Pivot: 15450
5DEMA: 15418
10DEMA: 15290
20DEMA: 14949
50DEMA: 14078
RSI (14 days): 67.94
Parabolic SAR: 14769
Supports: 15315 - 15203 - 15068
Resistance: 15563 - 15698 - 15810
Bank Nifty Future VIX Range: 15219 - 15698
Bank Nifty Future VWAP: 15432.87
MP Values Bank Nifty Future: VAH - 15478, POC - 15438, VAL - 15398

TARGET BANKNIFTY
Buy BankNifty Future above 15488 - 15580 - 15690 - 15810 SL - 15459
Sell BankNifty Future below 15451 - 15365 - 15250 - 15130 SL - 15484

INTRADAY TRADE
Polaris: Buy above 227 for targets of 230, 236 SL 223
TataGlobal: Buy above 176 for targets of 178, 183 SL 172

SCORE SHEET
Sail: Buy above 110 for targets of 111, 113 SL 108.9: Call not Active
AsianPaint: Buy above 530 for targets of 535, 545 SL 523: Target 539.80 done

POSITIONAL TRADE
Jetairways: Buy above 278 for target of 292 SL 270 (2-3 Days)
Lykalabs: Buy above 17.20 for target of 19.3 SL 16.5 (1 Week)

Thanks and Regards

MarketPulse S&P

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