Market outlook for 09/07/2014

Nifty closed down 163.95 points (2.11%) at 7623.20 while Future closed at 7648.75, premium of 25.55 points.
Bank Nifty closed down 370.10 points (2.41%) at 14997.50 while Future closed at 15091.30, premium of 93.80 points.

• FII bought in Cash (Net buy 422.72 Crore)
• FII bought in stock future, index option but sold in stock future (Net buy 795.84 Crore)
• DII sold in Cash (Net sell 399.56 Crore)
• Most Active Nifty Call Option: 7900 and 8000.
• Most Active Nifty Put Options: 7600 and 7500.
• Advance Decline for the day was 222:1359.
• McClellan's oscillator for NSE at -41.

NIFTY TECHNICAL

Current Spot: 7623.20
Pivot: 7676
5DEMA: 7689
10DEMA: 7658
20DEMA: 7594
50DEMA: 7390
RSI (14 days): 55.46
Parabolic SAR: 7809
Supports: 7543 - 7463 - 7330
Resistance: 7756 - 7889 - 7969

Nifty Future VIX Range: 7559 - 7703
Nifty Future VWAP: 7724.68
MP Values Nifty Future: VAH - 7764, POC - 7701, VAL - 7638

TARGET NIFTY
Buy Nifty Future above 7702 - 7740 - 7790 - 7865 SL - 7692
Sell Nifty Future below 7637 - 7595 - 7550 - 7480 SL - 7701

BANKNIFTY TECHNICAL

Current Spot: 14997.50
Pivot: 15108
5DEMA: 15267
10DEMA: 15276
20DEMA: 15219
50DEMA: 14780
RSI (14 days): 46.63
Parabolic SAR: 15726
Supports: 14779 - 14560 - 14231
Resistance: 15327 - 15656 - 15875

Bank Nifty Future VIX Range: 14785 - 15195
Bank Nifty Future VWAP: 15310.25
MP Values Bank Nifty Future: VAH - 15550, POC - 15404, VAL - 15173

TARGET BANKNIFTY
Buy BankNifty Future above 15216 - 15350 - 15500 - 15705 SL - 15173
Sell BankNifty Future below 15069 - 14925 - 14750 - 14500 SL - 15212

INTRADAY TRADE
Kitex: Buy above 284 for targets of 287, 295 SL 279
Bajajhldng: Buy above 1330 for targets of 1339, 1355 SL 1319

SCORE SHEET
Lichsgfin: Buy above 334 for targets of 336, 340 SL 331: Target 337.50 done
Aartiind: Buy above 235 for targets of 238, 244 SL 231: Target 244.50 done

POSITIONAL TRADE
Sasken: Buy above 323 for target of 339 SL 313 (2-3 Days)
Archies: Buy above 23.2 for target of 24.6 SL 22.9 (1 Week)

Thanks and Regards

MarketPulse S&P