Market outlook for 03/07/2014

Nifty closed up 90.45 points (1.18%) at 7725.15 while Future closed at 7749.85, premium of 24.70 points.
Bank Nifty closed up 169.00 points (1.10%) at 15490.35 while Future closed at 15598.35, premium of 108.00 points.

• FII bought huge in Cash (Net buy 1290.68 Crore)
• FII bought in index future, stock future and in index option (Net buy 1240.81 Crore)
• DII sold in Cash (Net sell 407.71 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7600 and 7500.
• Advance Decline for the day was 980:567.
• McClellan's oscillator for NSE at +20.

NIFTY TECHNICAL

Current Spot: 7725.15
Pivot: 7712
5DEMA: 7629
10DEMA: 7592
20DEMA: 7533
50DEMA: 7328
RSI (14 days): 67.94
Parabolic SAR: 7518
Supports: 7691 - 7657 - 7636
Resistance: 7746 - 7767 - 7801

Nifty Future VIX Range: 7679 - 7817
Nifty Future VWAP: 7733.23
MP Values Nifty Future: VAH - 7758, POC - 7746, VAL - 7725

TARGET NIFTY
Buy Nifty Future above 7758 - 7770 - 7790 - 7820 SL - 7733
Sell Nifty Future below 7725 - 7715 - 7690 - 7665 SL - 7746

BANKNIFTY TECHNICAL

Current Spot: 15490.35
Pivot: 15475
5DEMA: 15299
10DEMA: 15243
20DEMA: 15166
50DEMA: 14658
RSI (14 days): 61.06
Parabolic SAR: 15539
Supports: 15430 - 15370 - 15326
Resistance: 15535 - 15579 - 15639

Bank Nifty Future VIX Range: 15392 - 15800
Bank Nifty Future VWAP: 15588.31
MP Values Bank Nifty Future: VAH - 15628, POC - 15586, VAL - 15544

TARGET BANKNIFTY
Buy BankNifty Future above 15615 - 15665 - 15735 - 15845 SL - 15544
Sell BankNifty Future below 15542 - 15500 - 15410 - 15330 SL - 15588

INTRADAY TRADE
Sslt: Buy above 312 for targets of 315, 320 SL 308
Exideind: Buy above 159.5 for targets of 161, 164 SL 156

SCORE SHEET
Tatamotors: Buy above 453 for targets of 457, 464 SL 445: Target 458.60 done
Irb: Buy above 236 for targets of 238, 244 SL 233: Target 249.10 done

POSITIONAL TRADE
Adaniports: Buy above 276 for target of 298 SL 265 (2-3 Days)
NitinSpin: Buy above 24.80 for target of 26.50 SL 24.40 (1 Week)

Thanks and Regards

MarketPulse S&P