Market outlook for 18/07/2014

Nifty closed up 16.05 points (0.21%) at 7640.45 while Future closed at 7658.75, premium of 18.30 points.
Bank Nifty closed up 3.60 points (0.02%) at 15269.05 while Future closed at 15294.95, premium of 25.90 points.

• FII bought huge in Cash (Net buy 1912.42 Crore)
• FII bought in index future, index option and in stock future (Net buy 1331.04 Crore)
• DII sold in Cash (Net sell 1316.02 Crore)
• Most Active Nifty Call Option: 7700 and 7800.
• Most Active Nifty Put Options: 7600 and 7500.
• Advance Decline for the day was 1034:501.
• McClellan's oscillator for NSE at -06.

NIFTY TECHNICAL

Current Spot: 7640.45
Pivot: 7636
5DEMA: 7588
10DEMA: 7587
20DEMA: 7575
50DEMA: 7429
RSI (14 days): 56.55
Parabolic SAR: 7659
Supports: 7617 - 7593 - 7574
Resistance: 7660 - 7679 - 7703

Nifty Future VIX Range: 7588 - 7728
Nifty Future VWAP: 7647.55
MP Values Nifty Future: VAH - 7664, POC - 7652, VAL - 7640

TARGET NIFTY
Buy Nifty Future above 7664 - 7680 - 7697 - 7725 SL - 7647
Sell Nifty Future below 7640 - 7628 - 7610 - 7590 SL - 7662

BANKNIFTY TECHNICAL

Current Spot: 15269.05
Pivot: 15242
5DEMA: 15052
10DEMA: 15031
20DEMA: 15063
50DEMA: 14796
RSI (14 days): 55.17
Parabolic SAR: 14358
Supports: 15183 - 15096 - 15037
Resistance: 15329 - 15388 - 15475

Bank Nifty Future VIX Range: 15064 - 15524
Bank Nifty Future VWAP: 15257.61
MP Values Bank Nifty Future: VAH - 15284, POC - 15246, VAL - 15208

TARGET BANKNIFTY
Buy BankNifty Future above 15306 - 15355 - 15415 - 15505 SL - 15246
Sell BankNifty Future below 15245 - 15205 - 15125 - 15050 SL - 15284

INTRADAY TRADE
Crompgreav: Buy above 214 for targets of 217, 224 SL 210
Hindalco: Buy above 189.5 for targets of 191.5, 195 SL 186

SCORE SHEET
Dlf: Buy above 227 for targets of 229, 234 SL 223: Target 228.90 done
Adaniports: Buy above 283 for targets of 286, 295 SL 278: Target 289.65 done

POSITIONAL TRADE
Irb: Buy above 273 for target of 285 SL 265 (2-3 Days)
Ttml: Buy above 12.6 for target of 14.2 SL 12.1 (1 Week)

Thanks and Regards

MarketPulse S&P