Tuesday, June 17, 2014

Market outlook for 18/06/2014

Nifty closed up 98.15 points (1.30%) at 7631.70 while Future closed at 7657.40, premium of 25.70 points.
Bank Nifty closed up 343.20 points (2.28%) at 15373.20 while Future closed at 15444.30, premium of 71.10 points.
  • FII bought in Cash (Net buy 48.02 Crore)
  • FII bought in index option but sold in index future, stock future (Net buy 469.77 Crore)
  • DII sold in Cash (Net sell 236.79 Crore)
  • Most Active Nifty Call Option: 7600 and 7700.
  • Most Active Nifty Put Options: 7600 and 7500.
  • Advance Decline for the day was 1172:382.
  • McClellan's oscillator for NSE at +03.
NIFTY TECHNICAL
Current Spot: 7631.70
Pivot: 7593
5DEMA: 7590
10DEMA: 7550
20DEMA: 7437
50DEMA: 7165
RSI (14 days): 70.22
Parabolic SAR: 7331
Supports: 7548 - 7465 - 7420
Resistance: 7676 - 7721 - 7805
Nifty Future VIX Range: 7590 - 7732
Nifty Future VWAP: 7598.37
MP Values Nifty Future: VAH - 7625, POC - 7561, VAL - 7534

TARGET NIFTY
Buy Nifty Future above 7663 - 7690 - 7730 - 7785 SL - 7615
Sell Nifty Future below 7607 - 7580 - 7540 - 7480 SL - 7625

BANKNIFTY TECHNICAL
Current Spot: 15373.20
Pivot: 15233
5DEMA: 15278
10DEMA: 15275
20DEMA: 15077
50DEMA: 14297
RSI (14 days): 61.87
Parabolic SAR: 14825
Supports: 15073 - 14773 - 14613
Resistance: 15534 - 15694 - 15994
Bank Nifty Future VIX Range: 15232 - 15713
Bank Nifty Future VWAP: 15211.00
MP Values Bank Nifty Future: VAH - 15455, POC - 15280, VAL - 15105

TARGET BANKNIFTY
Buy BankNifty Future above 15456 - 15580 - 15760 - 15930 SL - 15279
Sell BankNifty Future below 15264 - 15130 - 14970 - 14750 SL - 15298

INTRADAY TRADE
Asianpaint: Buy above 563 for targets of 569, 579 SL 555
JkTyre: Buy above 296 for targets of 299, 306 SL 291

SCORE SHEET
Gail: Buy above 435 for targets of 439, 448 SL 429: Target 446.90 done
Relcapital: Buy above 622 for targets of 628, 641 SL 613: Target 629.45 done

POSITIONAL TRADE
Ongc: Buy above 447 for target of 461 SL 438 (2-3 Days)
Ttml: Buy above 12.5 for target of 14 SL 12.1 (1 Week)

Thanks and Regards

MarketPulse S&P

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