Market outlook for 20/06/2014

Nifty closed down 17.50 points (0.23%) at 7540.70 while Future closed at 7560.10, premium of 19.40 points.
Bank Nifty closed down 153.00 points (1.01%) at 15067.40 while Future closed at 15111.85, premium of 44.45 points.

• FII sold in Cash (Net sell 420.51 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 1005.76 Crore)
• DII sold in Cash (Net sell 117.81 Crore)
• Most Active Nifty Call Option: 7600 and 7700.
• Most Active Nifty Put Options: 7600 and 7500.
• Advance Decline for the day was 658:867.
• McClellan's oscillator for NSE at -24.

NIFTY TECHNICAL

Current Spot: 7540.70
Pivot: 7550
5DEMA: 7566
10DEMA: 7550
20DEMA: 7458
50DEMA: 7195
RSI (14 days): 61.78
Parabolic SAR: 7388
Supports: 7493 - 7446 - 7389
Resistance: 7597 - 7654 - 7701

Nifty Future VIX Range: 7488 - 7627
Nifty Future VWAP: 7566.07
MP Values Nifty Future: VAH - 7594, POC - 7569, VAL - 7544

TARGET NIFTY
Buy Nifty Future above 7572 - 7600 - 7640 - 7695 SL - 7559
Sell Nifty Future below 7544 - 7520 - 7480 - 7430 SL - 7570

BANKNIFTY TECHNICAL

Current Spot: 15067.40
Pivot: 15125
5DEMA: 15195
10DEMA: 15229
20DEMA: 15089
50DEMA: 14368
RSI (14 days): 53.71
Parabolic SAR: 15675
Supports: 14918 - 14769 - 14562
Resistance: 15275 - 15482 - 15631

Bank Nifty Future VIX Range: 14894 - 15350
Bank Nifty Future VWAP: 15177.41
MP Values Bank Nifty Future: VAH - 15277, POC - 15184, VAL - 15091

TARGET BANKNIFTY
Buy BankNifty Future above 15178 - 15280 - 15420 - 15600 SL - 15091
Sell BankNifty Future below 15089 - 14990 - 14850 - 14700 SL - 15177

INTRADAY TRADE
Indusindbk: Buy above 560 for targets of 565, 575 SL 551
Upl: Buy above 325 for targets of 328, 334 SL 320

SCORE SHEET
Asianpaint: Buy above 563 for targets of 569, 579 SL 555: Target 570.00 done
JkTyre: Buy above 296 for targets of 299, 306 SL 291: Target 299.40 done

POSITIONAL TRADE
Tatamtrdvr: Buy above 318 for target of 338 SL 314 (2-3 Days)
Spic: Buy above 20.4 for target of 22.2 SL 20.0 (1 Week)

Thanks and Regards

MarketPulse S&P