Market outlook for 04/07/2014

Nifty closed down 10.75 points (0.13%) at 7714.80 while Future closed at 7736.05, premium of 21.25 points.
Bank Nifty closed down 38.70 points (0.25%) at 15451.65 while Future closed at 15549.75, premium of 98.10 points.

• FII bought huge in Cash (Net buy 950.82 Crore)
• FII sold in index future, stock future and in index option (Net sell 1203.95 Crore)
• DII sold in Cash (Net sell 624.21 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7600 and 7500.
• Advance Decline for the day was 648:917.
• McClellan's oscillator for NSE at +03.

NIFTY TECHNICAL

Current Spot: 7714.80
Pivot: 7725
5DEMA: 7658
10DEMA: 7614
20DEMA: 7551
50DEMA: 7342
RSI (14 days): 66.94
Parabolic SAR: 7542
Supports: 7696 - 7678 - 7648
Resistance: 7744 - 7773 - 7792

Nifty Future VIX Range: 7672 - 7806
Nifty Future VWAP: 7746.88
MP Values Nifty Future: VAH - 7763, POC - 7749, VAL - 7735

TARGET NIFTY
Buy Nifty Future above 7751 - 7761 - 7785 - 7810 SL - 7735
Sell Nifty Future below 7724 - 7715 - 7700 - 7675 SL - 7749

BANKNIFTY TECHNICAL

Current Spot: 15451.65
Pivot: 15479
5DEMA: 15350
10DEMA: 15281
20DEMA: 15193
50DEMA: 14676
RSI (14 days): 60.02
Parabolic SAR: 14993
Supports: 15404 - 15356 - 15281
Resistance: 15527 - 15602 - 15650

Bank Nifty Future VIX Range: 15367 - 15763
Bank Nifty Future VWAP: 15579.86
MP Values Bank Nifty Future: VAH - 15612, POC - 15570, VAL - 15528

TARGET BANKNIFTY
Buy BankNifty Future above 15585 - 15625 - 15705 - 15780 SL - 15564
Sell BankNifty Future below 15528 - 15495 - 15435 - 15350 SL - 15581

INTRADAY TRADE
Pfc: Buy above 322 for targets of 325, 330 SL 318
Dabur: Buy above 192.5 for targets of 194.5, 198 SL 189

SCORE SHEET
Sslt: Buy above 312 for targets of 315, 320 SL 308: Target 316.50 done
Exideind: Buy above 159.5 for targets of 161, 164 SL 156: Target 163.70 done

POSITIONAL TRADE
Excelinfo: Buy above 21.3 for target of 22.2 SL 21 (2-3 Days)
Guficbio: Buy above 10.30 for target of 11.50 SL 9.80 (1 Week)

Thanks and Regards

MarketPulse S&P