Market outlook for 17/06/2014

Nifty closed down 8.55 points (0.11%) at 7533.55 while Future closed at 7559.20, premium of 25.65 points.
Bank Nifty closed down 76.90 points (0.51%) at 15030.00 while Future closed at 15090.00, premium of 60.00 points.

• FII sold in Cash (Net sell 194.10 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 215.30 Crore)
• DII sold in Cash (Net sell 448.30 Crore)
• Most Active Nifty Call Option: 7600 and 7700.
• Most Active Nifty Put Options: 7500 and 7400.
• Advance Decline for the day was 693:844.
• McClellan's oscillator for NSE at -20.

NIFTY TECHNICAL

Current Spot: 7533.55
Pivot: 7523
5DEMA: 7569
10DEMA: 7532
20DEMA: 7417
50DEMA: 7146
RSI (14 days): 65.57
Parabolic SAR: 7299
Supports: 7498 - 7462 - 7437
Resistance: 7559 - 7584 - 7620

Nifty Future VIX Range: 7484 - 7620
Nifty Future VWAP: 7545.52
MP Values Nifty Future: VAH - 7562, POC - 7546, VAL - 7530

TARGET NIFTY
Buy Nifty Future above 7565 - 7580 - 7610 - 7645 SL - 7546
Sell Nifty Future below 7539 - 7525 - 7490 - 7460 SL - 7562

BANKNIFTY TECHNICAL

Current Spot: 15030.00
Pivot: 14993
5DEMA: 15230
10DEMA: 15253
20DEMA: 15046
50DEMA: 14253
RSI (14 days): 55.04
Parabolic SAR: 14807
Supports: 14896 - 14761 - 14663
Resistance: 15128 - 15226 - 15360

Bank Nifty Future VIX Range: 14850 - 15301
Bank Nifty Future VWAP: 15041.54
MP Values Bank Nifty Future: VAH - 15077, POC - 15005, VAL - 14933

TARGET BANKNIFTY
Buy BankNifty Future above 15101 - 15180 - 15290 - 15430 SL - 15041
Sell BankNifty Future below 15032 - 14955 - 14815 - 14700 SL - 15077

INTRADAY TRADE
Gail: Buy above 435 for targets of 439, 448 SL 429
Relcapital: Buy above 622 for targets of 628, 641 SL 613

SCORE SHEET
Hindunilvr: Buy above 638 for targets of 642, 649 SL 632: Target 641.00 done
Cumminsind: Buy above 661 for targets of 665, 675 SL 653: Call not active

POSITIONAL TRADE
Lichsgfin: Buy above 311 for target of 322 SL 305 (2-3 Days)
Zeemedia: Buy above 20.6 for target of 22.3 SL 20.1 (1 Week)

Thanks and Regards

MarketPulse S&P