Sunday, June 29, 2014

Market outlook for 30/06/2014

Nifty closed up 15.60 points (0.21%) at 7508.80 while Future closed at 7543.90, premium of 35.10 points.
Bank Nifty closed down 57.65 points (0.38%) at 14992.35 while Future closed at 15140.90, premium of 148.55 points.
  • FII bought in Cash (Net buy 182.55 Crore)
  • FII bought in index option but sold in index future, stock future (Net buy 121.20 Crore)
  • DII sold in Cash (Net sell 172.40 Crore)
  • Most Active Nifty Call Option: 7700 and 8000.
  • Most Active Nifty Put Options: 7400 and 7300.
  • Advance Decline for the day was 823:712.
  • McClellan's oscillator for NSE at -20.
NIFTY TECHNICAL
Current Spot: 7508.80
Pivot: 7510
5DEMA: 7525
10DEMA: 7532
20DEMA: 7489
50DEMA: 7275
RSI (14 days): 55.96
Parabolic SAR: 7481
Supports: 7481 - 7454 - 7425
Resistance: 7538 - 7566 - 7594
Nifty Future VIX Range: 7479 - 7611
Nifty Future VWAP: 7543.44
MP Values Nifty Future: VAH - 7558, POC - 7545, VAL - 7532

TARGET NIFTY
Buy Nifty Future above 7558 - 7570 - 7595 - 7625 SL - 7531
Sell Nifty Future below 7530 - 7518 - 7490 - 7465 SL - 7546

BANKNIFTY TECHNICAL
Current Spot: 14992.35
Pivot: 15019
5DEMA: 15096
10DEMA: 15141
20DEMA: 15098
50DEMA: 14560
RSI (14 days): 50.10
Parabolic SAR: 15582
Supports: 14920 - 14848 - 14750
Resistance: 15091 - 15189 - 15261
Bank Nifty Future VIX Range: 14950 - 15360
Bank Nifty Future VWAP: 15154.72
MP Values Bank Nifty Future: VAH - 15191, POC - 15133, VAL - 15076

TARGET BANKNIFTY
Buy BankNifty Future above 15191 - 15250 - 15360 - 15450 SL - 15133
Sell BankNifty Future below 15119 - 15060 - 14970 - 14860 SL - 15172

INTRADAY TRADE
Godrejind: Buy above 356 for targets of 359, 365 SL 351
Hcltech: Buy above 1485 for targets of 1492, 1515 SL 1470

SCORE SHEET
Titan: Buy above 349 for targets of 352, 358 SL 345: Target 356.85 done
Arvind: Buy above 236 for targets of 239, 246 SL 232: Target 238.40 done

POSITIONAL TRADE
Idfc: Buy above 129 for target of 135 SL 126 (2-3 Days)
Jppower: Buy above 22.10 for target of 24 SL 21.5 (1 Week)

Thanks and Regards

MarketPulse S&P

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