Market outlook for 17/07/2014

Nifty closed up 97.75 points (1.30%) at 7624.40 while Future closed at 7643.05, premium of 18.65 points.
Bank Nifty closed up 373.55 points (2.51%) at 15265.45 while Future closed at 15306.30, premium of 40.85 points.

• FII bought in Cash (Net buy 621.68 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 1952.04 Crore)
• DII sold in Cash (Net sell 48.48 Crore)
• Most Active Nifty Call Option: 7600 and 7700.
• Most Active Nifty Put Options: 7500 and 7400.
• Advance Decline for the day was 1161:389.
• McClellan's oscillator for NSE at -23.

NIFTY TECHNICAL

Current Spot: 7624.40
Pivot: 7599
5DEMA: 7561
10DEMA: 7576
20DEMA: 7568
50DEMA: 7412
RSI (14 days): 55.77
Parabolic SAR: 7685
Supports: 7558 - 7491 - 7450
Resistance: 7666 - 7707 - 7773

Nifty Future VIX Range: 7588 - 7732
Nifty Future VWAP: 7586.26
MP Values Nifty Future: VAH - 7621, POC - 7558, VAL - 7536

TARGET NIFTY
Buy Nifty Future above 7649 - 7685 - 7730 - 7795 SL - 7609
Sell Nifty Future below 7605 - 7570 - 7505 - 7450 SL - 7622

BANKNIFTY TECHNICAL

Current Spot: 15265.45
Pivot: 15191
5DEMA: 14943
10DEMA: 14979
20DEMA: 15041
50DEMA: 14758
RSI (14 days): 55.18
Parabolic SAR: 14339
Supports: 15081 - 14897 - 14788
Resistance: 15375 - 15484 - 15668

Bank Nifty Future VIX Range: 15102 - 15576
Bank Nifty Future VWAP: 15160.87
MP Values Bank Nifty Future: VAH - 15207, POC - 15092, VAL - 15013

TARGET BANKNIFTY
Buy BankNifty Future above 15318 - 15420 - 15540 - 15700 SL - 15206
Sell BankNifty Future below 15198 - 15105 - 14950 - 14790 SL - 15229

INTRADAY TRADE
Dlf: Buy above 227 for targets of 229, 234 SL 223
Adaniports: Buy above 283 for targets of 286, 295 SL 278

SCORE SHEET
Crompgreav: Buy above 185.5 for targets of 187, 190 SL 182: Target 186.75 done
Bhel: Buy above 235.5 for targets of 238, 243 SL 231: Target 245.25 done

POSITIONAL TRADE
Jppower: Buy above 20.6 for target of 21.4 SL 20.1 (2-3 Days)
Dspcltd: Buy above 20.3 for target of 23.2 SL 19.5 (1 Week)

Thanks and Regards

MarketPulse S&P