Market outlook for 07/07/2014

Nifty closed up 36.80 points (0.48%) at 7751.60 while Future closed at 7782.50, premium of 30.90 points.
Bank Nifty closed up 104.50 points (0.68%) at 15556.15 while Future closed at 15686.35, premium of 130.20 points.

• FII bought huge in Cash (Net buy 943.19 Crore)
• FII sold in stock future, index option but bought in index future (Net sell 860.87 Crore)
• DII sold in Cash (Net sell 853.10 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7600 and 7500.
• Advance Decline for the day was 875:675.
• McClellan's oscillator for NSE at +04.

NIFTY TECHNICAL

Current Spot: 7751.60
Pivot: 7724
5DEMA: 7689
10DEMA: 7639
20DEMA: 7570
50DEMA: 7354
RSI (14 days): 68.81
Parabolic SAR: 7568
Supports: 7689 - 7627 - 7593
Resistance: 7786 - 7820 - 7883

Nifty Future VIX Range: 7724 - 7856
Nifty Future VWAP: 7737.77
MP Values Nifty Future: VAH - 7769, POC - 7734, VAL - 7699

TARGET NIFTY
Buy Nifty Future above 7788 - 7810 - 7850 - 7900 SL - 7746
Sell Nifty Future below 7737 - 7715 - 7665 - 7605 SL - 7754

BANKNIFTY TECHNICAL

Current Spot: 15556.15
Pivot: 15481
5DEMA: 15419
10DEMA: 15331
20DEMA: 15227
50DEMA: 14706
RSI (14 days): 62.23
Parabolic SAR: 14873
Supports: 15380 - 15204 - 15102
Resistance: 15658 - 15759 - 15935

Bank Nifty Future VIX Range: 15477 - 15869
Bank Nifty Future VWAP: 15565.41
MP Values Bank Nifty Future: VAH - 15663, POC - 15567, VAL - 15471

TARGET BANKNIFTY
Buy BankNifty Future above 15698 - 15790 - 15905 - 16080 SL - 15567
Sell BankNifty Future below 15565 - 15490 - 15375 - 15180 SL - 15663

INTRADAY TRADE
Petronet: Buy above 179 for targets of 181, 185 SL 176
Tatacomm: Buy above 410 for targets of 414, 421 SL 404

SCORE SHEET
Pfc: Buy above 322 for targets of 325, 330 SL 318: Target 326.85 done
Dabur: Buy above 192.5 for targets of 194.5, 198 SL 189: Call not Active

POSITIONAL TRADE
Polaris: Buy above 235 for target of 249 SL 227 (2-3 Days)
Gvkpil: Buy above 19 for target of 21 SL 18.60 (1 Week)

Thanks and Regards

MarketPulse S&P