Market outlook for 15/07/2014

Nifty closed down 5.45 points (0.07%) at 7454.15 while Future closed at 7475.80, premium of 21.65 points.
Bank Nifty closed up 42.55 points (0.29%) at 14489.75 while Future closed at 14560.75, premium of 71.00 points.

• FII sold in Cash (Net sell 558.25 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 166.10 Crore)
• DII bought in Cash (Net buy 331.52 Crore)
• Most Active Nifty Call Option: 7600 and 7700.
• Most Active Nifty Put Options: 7400 and 7300.
• Advance Decline for the day was 586:955.
• McClellan's oscillator for NSE at -86.

NIFTY TECHNICAL

Current Spot: 7454.15
Pivot: 7452
5DEMA: 7531
10DEMA: 7573
20DEMA: 7566
50DEMA: 7403
RSI (14 days): 44.05
Parabolic SAR: 7747
Supports: 7425 - 7395 - 7368
Resistance: 7481 - 7508 - 7537

Nifty Future VIX Range: 7415 - 7551
Nifty Future VWAP: 7476.05
MP Values Nifty Future: VAH - 7488, POC - 7476, VAL - 7464

TARGET NIFTY
Buy Nifty Future above 7488 - 7502 - 7530 - 7565 SL - 7474
Sell Nifty Future below 7464 - 7450 - 7425 - 7390 SL - 7479

BANKNIFTY TECHNICAL

Current Spot: 14489.75
Pivot: 14463
5DEMA: 14727
10DEMA: 14920
20DEMA: 15031
50DEMA: 14733
RSI (14 days): 37.32
Parabolic SAR: 15381
Supports: 14365 - 14240 - 14142
Resistance: 14588 - 14686 - 14811

Bank Nifty Future VIX Range: 14368 - 14768
Bank Nifty Future VWAP: 14536.53
MP Values Bank Nifty Future: VAH - 14621, POC - 14561, VAL - 14501

TARGET BANKNIFTY
Buy BankNifty Future above 14572 - 14519 - 14650 - 14740 SL - 14860
Sell BankNifty Future below 14501 - 14440 - 14320 - 14220 SL - 14561

INTRADAY TRADE
Hindalco: Buy above 174 for targets of 176, 180 SL 171
TataSteel: Buy above 518 for targets of 522, 532 SL 511

SCORE SHEET
Zeel: Buy above 300 for targets of 303, 309 SL 295: Call not active
Wipro: Buy above 554 for targets of 558, 565 SL 550: SL Hit

POSITIONAL TRADE
Pfc: Buy above 286 for target of 303 SL 277 (2-3 Days)
Kotharipet: Buy above 12.7 for target of 14.1 SL 12.1 (1 Week)

Thanks and Regards

MarketPulse S&P