Market outlook for 12/06/2014

Nifty closed down 29.55 points (0.39%) at 7626.85 while Future closed at 7637.15, premium of 10.30 points.
Bank Nifty closed up 22.75 points (0.15%) at 15450.55 while Future closed at 15474.80, premium of 24.25 points.

• FII sold in Cash (Net sell 313.40 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 368.21 Crore)
• DII sold in Cash (Net sell 407.76 Crore)
• Most Active Nifty Call Option: 7700 and 7800.
• Most Active Nifty Put Options: 7600 and 7500.
• Advance Decline for the day was 691:897.
• McClellan's oscillator for NSE at +40.

NIFTY TECHNICAL

Current Spot: 7626.85
Pivot: 7639
5DEMA: 7588
10DEMA: 7503
20DEMA: 7363
50DEMA: 7091
RSI (14 days): 77.21
Parabolic SAR: 7185
Supports: 7577 - 7528 - 7466
Resistance: 7688 - 7750 - 7799

Nifty Future VIX Range: 7552 - 7692
Nifty Future VWAP: 7656.05
MP Values Nifty Future: VAH - 7683, POC - 7656, VAL - 7629

TARGET NIFTY
Buy Nifty Future above 7657 - 7685 - 7720 - 7775 SL - 7629
Sell Nifty Future below 7626 - 7600 - 7565 - 7525 SL - 7656

BANKNIFTY TECHNICAL

Current Spot: 15450.55
Pivot: 15493
5DEMA: 15429
10DEMA: 15319
20DEMA: 14996
50DEMA: 14127
RSI (14 days): 68.37
Parabolic SAR: 14750
Supports: 15325 - 15200 - 15033
Resistance: 15618 - 15785 - 15910

Bank Nifty Future VIX Range: 15197 - 15661
Bank Nifty Future VWAP: 15450.55
MP Values Bank Nifty Future: VAH - 15613, POC - 15532, VAL - 15451

TARGET BANKNIFTY
Buy BankNifty Future above 15532 - 15600 - 15705 - 15850 SL - 15478
Sell BankNifty Future below 15451 - 15360 - 15240 - 15100 SL - 15509

INTRADAY TRADE
Kotakbank: Buy above 933 for targets of 939, 951 SL 921
Arvind: Buy above 213 for targets of 216, 223 SL 210

SCORE SHEET
Polaris: Buy above 227 for targets of 230, 236 SL 223: Target 235.80 done
TataGlobal: Buy above 176 for targets of 178, 183 SL 172: Call not Active

POSITIONAL TRADE
Torntpower: Buy above 168 for target of 178 SL 166 (2-3 Days)
Jindcot: Buy above 17 for target of 18.5 SL 16.4 (1 Week)

Thanks and Regards

MarketPulse S&P