Wednesday, June 25, 2014

Market outlook for 26/06/2014

Nifty closed down 10.95 points (0.14%) at 7569.25 while Future closed at 7574.90, premium of 5.65 points.
Bank Nifty closed down 71.65 points (0.47%) at 15237.85 while Future closed at 15260.25, premium of 22.40 points.
  • FII bought in Cash (Net buy 694.63 Crore)
  • FII sold in stock future, index option but bought in index future (Net sell 1012.25 Crore)
  • DII sold in Cash (Net sell 433.63 Crore)
  • Most Active Nifty Call Option: 7600 and 7700.
  • Most Active Nifty Put Options: 7600 and 7500.
  • Advance Decline for the day was 833:713.
  • McClellan's oscillator for NSE at -13.
NIFTY TECHNICAL
Current Spot: 7569.25
Pivot: 7572
5DEMA: 7554
10DEMA: 7547
20DEMA: 7486
50DEMA: 7252
RSI (14 days): 61.79
Parabolic SAR: 7462
Supports: 7554 - 7540 - 7522
Resistance: 7587 - 7604 - 7619
Nifty Future VIX Range: 7510 - 7642
Nifty Future VWAP: 7580.69
MP Values Nifty Future: VAH - 7589, POC - 7582, VAL - 7575

TARGET NIFTY
Buy Nifty Future above 7589 - 7600 - 7620 - 7650 SL - 7575
Sell Nifty Future below 7566 - 7555 - 7535 - 7505 SL - 7584

BANKNIFTY TECHNICAL
Current Spot: 15237.85
Pivot: 15260
5DEMA: 15198
10DEMA: 15201
20DEMA: 15115
50DEMA: 14508
RSI (14 days): 56.68
Parabolic SAR: 15611
Supports: 15199 - 15160 - 15099
Resistance: 15299 - 15360 - 15399
Bank Nifty Future VIX Range: 15030 - 15453
Bank Nifty Future VWAP: 15278.33
MP Values Bank Nifty Future: VAH - 15306, POC - 15284, VAL - 15262

TARGET BANKNIFTY
Buy BankNifty Future above 15290 - 15315 - 15370 - 15425 SL - 15262
Sell BankNifty Future below 15237 - 15215 - 15170 - 15125 SL - 15286

INTRADAY TRADE
Rcom: Buy above 152 for targets of 154, 157 SL 149.5
Irb: Buy above 230 for targets of 233, 237 SL 226

SCORE SHEET
Relcapital: Buy above 645 for targets of 651, 664 SL 635: Target 650.95 done
Dlf: Buy above 220 for targets of 223, 228 SL 216: Call not Active

POSITIONAL TRADE
Wheels: Buy above 810 for target of 848 SL 786 (2-3 Days)
Jindcot: Buy above 19 for target of 21 SL 18 (1 Week)

Thanks and Regards

MarketPulse S&P

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