Market outlook for 10/07/2014

Nifty closed down 38.20 points (0.50%) at 7585.00 while Future closed at 7598.65, premium of 13.65 points.
Bank Nifty closed down 66.40 points (0.44%) at 14931.10 while Future closed at 15016.45, premium of 85.35 points.

• FII bought in Cash (Net buy 645.19 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 1234.09 Crore)
• DII sold in Cash (Net sell 265.19 Crore)
• Most Active Nifty Call Option: 7800 and 8000.
• Most Active Nifty Put Options: 7500 and 7400.
• Advance Decline for the day was 337:1217.
• McClellan's oscillator for NSE at -68.

NIFTY TECHNICAL

Current Spot: 7585.00
Pivot: 7596
5DEMA: 7654
10DEMA: 7645
20DEMA: 7593
50DEMA: 7397
RSI (14 days): 52.67
Parabolic SAR: 7809
Supports: 7541 - 7497 - 7443
Resistance: 7640 - 7694 - 7738

Nifty Future VIX Range: 7521 - 7661
Nifty Future VWAP: 7620.62
MP Values Nifty Future: VAH - 7642, POC - 7613, VAL - 7584

TARGET NIFTY
Buy Nifty Future above 7621 - 7645 - 7690 - 7745 SL - 7597
Sell Nifty Future below 7584 - 7560 - 7515 - 7455 SL - 7614

BANKNIFTY TECHNICAL

Current Spot: 14931.10
Pivot: 14951
5DEMA: 15155
10DEMA: 15213
20DEMA: 15191
50DEMA: 14786
RSI (14 days): 45.17
Parabolic SAR: 15708
Supports: 14808 - 14684 - 14541
Resistance: 15074 - 15217 - 15340

Bank Nifty Future VIX Range: 14797 - 15196
Bank Nifty Future VWAP: 15068.08
MP Values Bank Nifty Future: VAH - 15129, POC - 15050, VAL - 14971

TARGET BANKNIFTY
Buy BankNifty Future above 15068 - 15150 - 15280 - 15450 SL - 14997
Sell BankNifty Future below 14994 - 14895 - 14770 - 14620 SL - 15050

INTRADAY TRADE
Hindalco: Buy above 173 for targets of 175, 180 SL 171
Ongc: Buy above 407 for targets of 411, 418 SL 401

SCORE SHEET
Kitex: Buy above 284 for targets of 287, 295 SL 279: Target 291.30 done
Bajajhldng: Buy above 1330 for targets of 1339, 1355 SL 1319: Call not active

POSITIONAL TRADE
Adaniports: Buy above 268 for target of 285 SL 262 (2-3 Days)
Bepl: Buy above 19.6 for target of 21.6 SL 19.1 (1 Week)

Thanks and Regards

MarketPulse S&P