Market outlook for 08/07/2014

Nifty closed up 35.55 points (0.46%) at 7787.15 while Future closed at 7798.60, premium of 11.45 points.
Bank Nifty closed down 188.55 points (1.21%) at 15367.60 while Future closed at 15476.80, premium of 109.20 points.

• FII bought in Cash (Net buy 198.57 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 1487.39 Crore)
• DII sold in Cash (Net sell 85.22 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7600 and 7500.
• Advance Decline for the day was 801:770.
• McClellan's oscillator for NSE at 00.

NIFTY TECHNICAL

Current Spot: 7787.15
Pivot: 7778
5DEMA: 7722
10DEMA: 7666
20DEMA: 7590
50DEMA: 7371
RSI (14 days): 70.48
Parabolic SAR: 7599
Supports: 7764 - 7741 - 7727
Resistance: 7801 - 7815 - 7838

Nifty Future VIX Range: 7733 - 7862
Nifty Future VWAP: 7792.77
MP Values Nifty Future: VAH - 7805, POC - 7793, VAL - 7781

TARGET NIFTY
Buy Nifty Future above 7805 - 7820 - 7840 - 7870 SL - 7781
Sell Nifty Future below 7779 - 7765 - 7745 - 7720 SL - 7794

BANKNIFTY TECHNICAL

Current Spot: 15367.60
Pivot: 15437
5DEMA: 15402
10DEMA: 15338
20DEMA: 15241
50DEMA: 14732
RSI (14 days): 56.34
Parabolic SAR: 14902
Supports: 15280 - 15193 - 15037
Resistance: 15524 - 15680 - 15767

Bank Nifty Future VIX Range: 15272 - 15660
Bank Nifty Future VWAP: 15538.74
MP Values Bank Nifty Future: VAH - 15581, POC - 15526, VAL - 15471

TARGET BANKNIFTY
Buy BankNifty Future above 15564 - 15640 - 15750 - 15905 SL - 15526
Sell BankNifty Future below 15465 - 15390 - 15290 - 15120 SL - 15560

INTRADAY TRADE
Lichsgfin: Buy above 334 for targets of 336, 340 SL 331
Aartiind: Buy above 235 for targets of 238, 244 SL 231

SCORE SHEET
Petronet: Buy above 179 for targets of 181, 185 SL 176: Target 184.20 done
Tatacomm: Buy above 410 for targets of 414, 421 SL 404: SL Hit

POSITIONAL TRADE
Nbcc: Buy above 470 for target of 495 SL 447 (2-3 Days)
Ttml: Buy above 14 for target of 15.5 SL 13.3 (1 Week)

Thanks and Regards

MarketPulse S&P