Market outlook for 16/06/2014

Nifty closed down 107.80 points (1.41%) at 7542.10 while Future closed at 7560.00, premium of 17.90 points.
Bank Nifty closed down 357.95 points (2.31%) at 15106.90 while Future closed at 15163.50, premium of 56.60 points.

• FII bought huge in Cash (Net buy 1099.92 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 759.85 Crore)
• DII bought in Cash (Net buy 358.71 Crore)
• Most Active Nifty Call Option: 7700 and 7800.
• Most Active Nifty Put Options: 7600 and 7500.
• Advance Decline for the day was 299:1282.
• McClellan's oscillator for NSE at -10.

NIFTY TECHNICAL

Current Spot: 7542.10
Pivot: 7582
5DEMA: 7586
10DEMA: 7532
20DEMA: 7405
50DEMA: 7128
RSI (14 days): 66.40
Parabolic SAR: 7264
Supports: 7485 - 7429 - 7332
Resistance: 7639 - 7735 - 7792

Nifty Future VIX Range: 7490 - 7631
Nifty Future VWAP: 7602.25
MP Values Nifty Future: VAH - 7615, POC - 7571, VAL - 7545

TARGET NIFTY
Buy Nifty Future above 7602 - 7630 - 7675 - 7715 SL - 7571
Sell Nifty Future below 7545 - 7525 - 7480 - 7435 SL - 7601

BANKNIFTY TECHNICAL

Current Spot: 15106.90
Pivot: 15264
5DEMA: 15330
10DEMA: 15302
20DEMA: 15048
50DEMA: 14224
RSI (14 days): 57.10
Parabolic SAR: 14880
Supports: 14927 - 14748 - 14411
Resistance: 15443 - 15779 - 15959

Bank Nifty Future VIX Range: 14913 - 15379
Bank Nifty Future VWAP: 15363.87
MP Values Bank Nifty Future: VAH - 15549, POC - 15386, VAL - 15223

TARGET BANKNIFTY
Buy BankNifty Future above 15364 - 15460 - 15550 - 15680 SL - 15319
Sell BankNifty Future below 15141 - 15040 - 14940 - 14770 SL - 15334

INTRADAY TRADE
Hindunilvr: Buy above 638 for targets of 642, 649 SL 632
Cumminsind: Buy above 661 for targets of 665, 675 SL 653

SCORE SHEET
Bajajcorp: Buy above 250 for targets of 253, 260 SL 246: Target 255.65 done
Tatamtrdvr: Buy above 308 for targets of 311, 317 SL 303: Call not active

POSITIONAL TRADE
Petronet: Buy above 164 for target of 172 SL 162 (2-3 Days)
Nitinspin: Buy above 23 for target of 25 SL 22.5 (1 Week)

Thanks and Regards

MarketPulse S&P