Market outlook for 24/06/2014

Nifty closed down 18.10 points (0.24%) at 7493.35 while Future closed at 7505.75, premium of 12.40 points.
Bank Nifty closed up 78.70 points (0.52%) at 15076.35 while Future closed at 15126.10, premium of 49.75 points.

• FII sold in Cash (Net sell 214.49 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 343.95 Crore)
• DII bought in Cash (Net buy 117.43 Crore)
• Most Active Nifty Call Option: 7500 and 7600.
• Most Active Nifty Put Options: 7500 and 7400.
• Advance Decline for the day was 782:745.
• McClellan's oscillator for NSE at -37.

NIFTY TECHNICAL

Current Spot: 7493.35
Pivot: 7490
5DEMA: 7530
10DEMA: 7534
20DEMA: 7466
50DEMA: 7225
RSI (14 days): 57.56
Parabolic SAR: 7436
Supports: 7445 - 7397 - 7352
Resistance: 7538 - 7583 - 7631

Nifty Future VIX Range: 7442 - 7574
Nifty Future VWAP: 7501.04
MP Values Nifty Future: VAH - 7511, POC - 7491, VAL - 7471

TARGET NIFTY
Buy Nifty Future above 7512 - 7540 - 7585 - 7630 SL - 7501
Sell Nifty Future below 7491 - 7465 - 7430 - 7385 SL - 7511

BANKNIFTY TECHNICAL

Current Spot: 15076.35
Pivot: 15055
5DEMA: 15111
10DEMA: 15167
20DEMA: 15080
50DEMA: 14440
RSI (14 days): 53.75
Parabolic SAR: 14895
Supports: 14962 - 14847 - 14754
Resistance: 15169 - 15263 - 15377

Bank Nifty Future VIX Range: 14918 - 15350
Bank Nifty Future VWAP: 15087.31
MP Values Bank Nifty Future: VAH - 15135, POC - 15086, VAL - 15037

TARGET BANKNIFTY
Buy BankNifty Future above 15137 - 15220 - 15320 - 15445 SL - 15086
Sell BankNifty Future below 15076 - 15005 - 14880 - 14780 SL - 15135

INTRADAY TRADE
Petronet: Buy above 176 for targets of 178, 182 SL 172
Ceatltd: Buy above 675 for targets of 683, 700 SL 657

SCORE SHEET
Zeel: Buy above 285 for targets of 288, 292 SL 281: Target 290.45 done
Apollotyre: Buy above 193 for targets of 195, 199 SL 191: Target 198.80 done

POSITIONAL TRADE
Jktyre: Buy above 315 for target of 333 SL 307 (2-3 Days)
Aloktext: Buy above 14.5 for target of 16 SL 14.1 (1 Week)

Thanks and Regards

MarketPulse S&P