Market outlook for 23/06/2014

Nifty closed down 29.25 points (0.39%) at 7511.45 while Future closed at 7525.35, premium of 13.90 points.
Bank Nifty closed down 69.75 points (0.46%) at 14997.65 while Future closed at 15054.15, premium of 56.50 points.

• FII sold in Cash (Net sell 220.65 Crore)
• FII bought in index future, index option and in stock future (Net buy 207.65 Crore)
• DII bought in Cash (Net buy 73.85 Crore)
• Most Active Nifty Call Option: 7600 and 7700.
• Most Active Nifty Put Options: 7500 and 7400.
• Advance Decline for the day was 591:968.
• McClellan's oscillator for NSE at -38.

NIFTY TECHNICAL

Current Spot: 7511.45
Pivot: 7523
5DEMA: 7548
10DEMA: 7543
20DEMA: 7463
50DEMA: 7206
RSI (14 days): 59.33
Parabolic SAR: 7413
Supports: 7486 - 7460 - 7422
Resistance: 7549 - 7586 - 7612

Nifty Future VIX Range: 7463 - 7598
Nifty Future VWAP: 7546.31
MP Values Nifty Future: VAH - 7575, POC - 7555, VAL - 7535

TARGET NIFTY
Buy Nifty Future above 7546 - 7565 - 7600 - 7630 SL - 7535
Sell Nifty Future below 7514 - 7500 - 7475 - 7435 SL - 7544

BANKNIFTY TECHNICAL

Current Spot: 14997.65
Pivot: 15057
5DEMA: 15129
10DEMA: 15187
20DEMA: 15080
50DEMA: 14384
RSI (14 days): 52.15
Parabolic SAR: 15659
Supports: 14919 - 14840 - 14702
Resistance: 15136 - 15274 - 15353

Bank Nifty Future VIX Range: 14845 - 15287
Bank Nifty Future VWAP: 15127.45
MP Values Bank Nifty Future: VAH - 15187, POC - 15125, VAL - 15063

TARGET BANKNIFTY
Buy BankNifty Future above 15127 - 15185 - 15310 - 15410 SL - 15063
Sell BankNifty Future below 15032 - 14975 - 14885 - 14750 SL - 15125

INTRADAY TRADE
Zeel: Buy above 285 for targets of 288, 292 SL 281
Apollotyre: Buy above 193 for targets of 195, 199 SL 191

SCORE SHEET
Indusindbk: Buy above 560 for targets of 565, 575 SL 551: Call not Active
Upl: Buy above 325 for targets of 328, 334 SL 320: Target 328.85 done

POSITIONAL TRADE
Rajeshexpo: Buy above 185 for target of 199 SL 174 (2-3 Days)
Dcw: Buy above 23.5 for target of 25 SL 22.8 (1 Week)

Thanks and Regards

MarketPulse S&P