Market outlook for 13/06/2014

Nifty closed up 23.05 points (0.30%) at 7649.90 while Future closed at 7664.65, premium of 14.75 points.
Bank Nifty closed up 14.30 points (0.09%) at 15464.85 while Future closed at 15536.35, premium of 71.50 points.

• FII bought in Cash (Net buy 652.35 Crore)
• FII sold in index option but bought in index future, stock future (Net sell 105.21 Crore)
• DII sold in Cash (Net sell 742.21 Crore)
• Most Active Nifty Call Option: 7700 and 7800.
• Most Active Nifty Put Options: 7600 and 7500.
• Advance Decline for the day was 822:763.
• McClellan's oscillator for NSE at +31.

NIFTY TECHNICAL

Current Spot: 7649.90
Pivot: 7634
5DEMA: 7609
10DEMA: 7530
20DEMA: 7390
50DEMA: 7114
RSI (14 days): 78.00
Parabolic SAR: 7226
Supports: 7610 - 7570 - 7546
Resistance: 7674 - 7698 - 7738

Nifty Future VIX Range: 7603 - 7740
Nifty Future VWAP: 7651.26
MP Values Nifty Future: VAH - 7661, POC - 7647, VAL - 7633

TARGET NIFTY
Buy Nifty Future above 7671 - 7688 - 7715 - 7750 SL - 7647
Sell Nifty Future below 7633 - 7618 - 7595 - 7560 SL - 7656

BANKNIFTY TECHNICAL

Current Spot: 15464.85
Pivot: 15426
5DEMA: 15441
10DEMA: 15346
20DEMA: 15041
50DEMA: 14177
RSI (14 days): 68.64
Parabolic SAR: 14769
Supports: 15333 - 15200 - 15107
Resistance: 15558 - 15651 - 15783

Bank Nifty Future VIX Range: 15324 - 15778
Bank Nifty Future VWAP: 15550.90
MP Values Bank Nifty Future: VAH - 15562, POC - 15499, VAL - 15436

TARGET BANKNIFTY
Buy BankNifty Future above 15552 - 15630 - 15725 - 15860 SL - 15472
Sell BankNifty Future below 15456 - 15390 - 15250 - 15130 SL - 15500

INTRADAY TRADE
Bajajcorp: Buy above 250 for targets of 253, 260 SL 246
Tatamtrdvr: Buy above 308 for targets of 311, 317 SL 303

SCORE SHEET
Kotakbank: Buy above 933 for targets of 939, 951 SL 921: Target 940.00 done
Arvind: Buy above 213 for targets of 216, 223 SL 210: Target 215.50 done

POSITIONAL TRADE
Basml: Buy above 156 for target of 171 SL 149 (2-3 Days)
Ballarpur: Buy above 20.8 for target of 23.2 SL 19.8 (1 Week)

Thanks and Regards

MarketPulse S&P