Market outlook for 14/07/2014

Nifty closed down 108.15 points (1.43%) at 7459.60 while Future closed at 7480.15, premium of 20.55 points.
Bank Nifty closed down 374.50 points (2.53%) at 14447.20 while Future closed at 14500.05, premium of 52.85 points.

• FII sold in Cash (Net sell 723.48 Crore)
• FII bought in stock future, index option but sold in index future (Net buy 933.65 Crore)
• DII sold in Cash (Net sell 44.93 Crore)
• Most Active Nifty Call Option: 7700 and 7800.
• Most Active Nifty Put Options: 7500 and 7400.
• Advance Decline for the day was 232:1316.
• McClellan's oscillator for NSE at -82.

NIFTY TECHNICAL

Current Spot: 7459.60
Pivot: 7511
5DEMA: 7570
10DEMA: 7600
20DEMA: 7578
50DEMA: 7401
RSI (14 days): 44.38
Parabolic SAR: 7775
Supports: 7396 - 7332 - 7217
Resistance: 7575 - 7690 - 7753

Nifty Future VIX Range: 7414 - 7554
Nifty Future VWAP: 7533.05
MP Values Nifty Future: VAH - 7568, POC - 7521, VAL - 7474

TARGET NIFTY
Buy Nifty Future above 7534 - 7580 - 7650 - 7725 SL - 7520
Sell Nifty Future below 7473 - 7430 - 7375 - 7315 SL - 7533

BANKNIFTY TECHNICAL

Current Spot: 14447.20
Pivot: 14591
5DEMA: 14845
10DEMA: 15016
20DEMA: 15088
50DEMA: 14743
RSI (14 days): 36.07
Parabolic SAR: 15471
Supports: 14263 - 14079 - 13751
Resistance: 14775 - 15103 - 15287

Bank Nifty Future VIX Range: 14299 - 14709
Bank Nifty Future VWAP: 14703.85
MP Values Bank Nifty Future: VAH - 14874, POC - 14730, VAL - 14586

TARGET BANKNIFTY
Buy BankNifty Future above 14662 - 14760 - 14935 - 15150 SL - 14586
Sell BankNifty Future below 14478 - 14320 - 14150 - 13900 SL - 14587

INTRADAY TRADE
Zeel: Buy above 300 for targets of 303, 309 SL 295
Wipro: Buy above 554 for targets of 558, 565 SL 550

SCORE SHEET
Hindalco: Buy above 179 for targets of 182, 188 SL 176: Call not active
Dlf: Buy above 227 for targets of 230, 237 SL 222: Target 229.50 done

POSITIONAL TRADE
Hindunilvr: Buy above 644 for target of 665 SL 636 (2-3 Days)
Amtl: Buy above 19.3 for target of 21.1 SL 18.8 (1 Week)

Thanks and Regards

MarketPulse S&P