Market outlook for 11/07/2014

Nifty closed down 17.25 points (0.23%) at 7567.75 while Future closed at 7576.65, premium of 8.90 points.
Bank Nifty closed down 109.40 points (0.73%) at 14821.70 while Future closed at 14872.35, premium of 50.65 points.

• FII bought in Cash (Net buy 161.55 Crore)
• FII bought in stock future but sold in index future, index option (Net buy 204.34 Crore)
• DII bought in Cash (Net buy 4.89 Crore)
• Most Active Nifty Call Option: 7700 and 7800.
• Most Active Nifty Put Options: 7500 and 7400.
• Advance Decline for the day was 952:564.
• McClellan's oscillator for NSE at -50.

NIFTY TECHNICAL

Current Spot: 7576.65
Pivot: 7593
5DEMA: 7625
10DEMA: 7631
20DEMA: 7591
50DEMA: 7404
RSI (14 days): 51.40
Parabolic SAR: 7796
Supports: 7454 - 7341 - 7202
Resistance: 7706 - 7845 - 7958

Nifty Future VIX Range: 7475 - 7611
Nifty Future VWAP: 7615.82
MP Values Nifty Future: VAH - 7656, POC - 7582, VAL - 7508

TARGET NIFTY
Buy Nifty Future above 7616 - 7650 - 7695 - 7765 SL - 7582
Sell Nifty Future below 7565 - 7530 - 7485 - 7420 SL - 7613

BANKNIFTY TECHNICAL

Current Spot: 14821.70
Pivot: 14951
5DEMA: 15044
10DEMA: 15142
20DEMA: 15156
50DEMA: 14788
RSI (14 days): 42.79
Parabolic SAR: 15539
Supports: 14505 - 14189 - 13756
Resistance: 15255 - 15687 - 16004

Bank Nifty Future VIX Range: 14586 - 14974
Bank Nifty Future VWAP: 15033.03
MP Values Bank Nifty Future: VAH - 15292, POC - 15057, VAL - 14822

TARGET BANKNIFTY
Buy BankNifty Future above 15033 - 15180 - 15400 - 15650 SL - 14990
Sell BankNifty Future below 14822 - 14680 - 14450 - 14250 SL - 15009

INTRADAY TRADE
Hindalco: Buy above 179 for targets of 182, 188 SL 176
Dlf: Buy above 227 for targets of 230, 237 SL 222

SCORE SHEET
Hindalco: Buy above 173 for targets of 175, 180 SL 171: Target 176.25 done
Ongc: Buy above 407 for targets of 411, 418 SL 401: Target 415.50 done

POSITIONAL TRADE
Recltd: Buy above 371 for target of 395 SL 359 (2-3 Days)
Uttamvalue: Buy above 8.8 for target of 10.2 SL 8.5 (1 Week)

Thanks and Regards

MarketPulse S&P