Market outlook for 02/07/2014

Nifty closed up 23.35 points (0.31%) at 7634.70 while Future closed at 7662.65, premium of 27.95 points.
Bank Nifty closed up 79.45 points (0.52%) at 15321.35 while Future closed at 15431.65, premium of 110.30 points.

• FII bought in Cash (Net buy 856.35 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 999.92 Crore)
• DII sold in Cash (Net sell 774.66 Crore)
• Most Active Nifty Call Option: 7800 and 8000.
• Most Active Nifty Put Options: 7500 and 7400.
• Advance Decline for the day was 1009:540.
• McClellan's oscillator for NSE at +13.

NIFTY TECHNICAL

Current Spot: 7634.70
Pivot: 7634
5DEMA: 7581
10DEMA: 7563
20DEMA: 7513
50DEMA: 7309
RSI (14 days): 63.47
Parabolic SAR: 7500
Supports: 7619 - 7603 - 7587
Resistance: 7650 - 7665 - 7681

Nifty Future VIX Range: 7601 - 7735
Nifty Future VWAP: 7655.89
MP Values Nifty Future: VAH - 7666, POC - 7657, VAL - 7648

TARGET NIFTY
Buy Nifty Future above 7667 - 7677 - 7695 - 7720 SL - 7655
Sell Nifty Future below 7648 - 7640 - 7620 - 7595 SL - 7666

BANKNIFTY TECHNICAL

Current Spot: 15321.35
Pivot: 15316
5DEMA: 15204
10DEMA: 15189
20DEMA: 15132
50DEMA: 14613
RSI (14 days): 57.71
Parabolic SAR: 15553
Supports: 15266 - 15212 - 15162
Resistance: 15371 - 15421 - 15475

Bank Nifty Future VIX Range: 15246 - 15654
Bank Nifty Future VWAP: 15423.74
MP Values Bank Nifty Future: VAH - 15446, POC - 15421, VAL - 15396

TARGET BANKNIFTY
Buy BankNifty Future above 15446 - 15480 - 15530 - 15610 SL - 15399
Sell BankNifty Future below 15396 - 15360 - 15310 - 15270 SL - 15431

INTRADAY TRADE
Tatamotors: Buy above 453 for targets of 457, 464 SL 445
Irb: Buy above 236 for targets of 238, 244 SL 233

SCORE SHEET
Unionbank: Buy above 243 for targets of 246, 251 SL 238: SL Hit
Lichsgfin: Buy above 329 for targets of 332, 337 SL 324: SL Hit

POSITIONAL TRADE
Ttml: Buy above 12.6 for target of 13.4 SL 12.4 (2-3 Days)
Hindmotors: Buy above 10.10 for target of 11.50 SL 9.80 (1 Week)

Thanks and Regards

MarketPulse S&P