Tuesday, June 24, 2014

Market outlook for 25/06/2014

Nifty closed up 86.85 points (1.16%) at 7580.20 while Future closed at 7595.55, premium of 15.35 points.
Bank Nifty closed up 233.15 points (1.55%) at 15309.50 while Future closed at 15336.90, premium of 27.40 points.
  • FII bought in Cash (Net buy 284.61 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 515.87 Crore)
  • DII sold in Cash (Net sell 216.17 Crore)
  • Most Active Nifty Call Option: 7600 and 7700.
  • Most Active Nifty Put Options: 7600 and 7500.
  • Advance Decline for the day was 1118:422.
  • McClellan's oscillator for NSE at -14.
NIFTY TECHNICAL
Current Spot: 7580.20
Pivot: 7563
5DEMA: 7547
10DEMA: 7542
20DEMA: 7477
50DEMA: 7239
RSI (14 days): 62.83
Parabolic SAR: 7442
Supports: 7532 - 7485 - 7454
Resistance: 7611 - 7641 - 7689
Nifty Future VIX Range: 7524 - 7660
Nifty Future VWAP: 7582.64
MP Values Nifty Future: VAH - 7605, POC - 7586, VAL - 7567

TARGET NIFTY
Buy Nifty Future above 7605 - 7630 - 7665 - 7720 SL - 7567
Sell Nifty Future below 7566 - 7545 - 7510 - 7465 SL - 7586

BANKNIFTY TECHNICAL
Current Spot: 15309.50
Pivot: 15265
5DEMA: 15177
10DEMA: 15193
20DEMA: 15102
50DEMA: 14474
RSI (14 days): 58.74
Parabolic SAR: 14912
Supports: 15187 - 15065 - 14988
Resistance: 15387 - 15464 - 15586
Bank Nifty Future VIX Range: 15126 - 15564
Bank Nifty Future VWAP: 15306.24
MP Values Bank Nifty Future: VAH - 15377, POC - 15322, VAL - 15267

TARGET BANKNIFTY
Buy BankNifty Future above 15348 - 15410 - 15505 - 15625 SL - 15267
Sell BankNifty Future below 15266 - 15215 - 15095 - 14995 SL - 15307

INTRADAY TRADE
Relcapital: Buy above 645 for targets of 651, 664 SL 635
Dlf: Buy above 220 for targets of 223, 228 SL 216

SCORE SHEET
Petronet: Buy above 176 for targets of 178, 182 SL 172: Target 189.90 done
Ceatltd: Buy above 675 for targets of 683, 700 SL 657: Target 713.00 done

POSITIONAL TRADE
Nocil: Buy above 24.8 for target of 26 SL 24.2 (2-3 Days)
Hbstock: Buy above 16.1 for target of 18 SL 15.5 (1 Week)

Thanks and Regards

MarketPulse S&P

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