Market outlook for 22/07/2014

Nifty closed up 20.30 points (0.26%) at 7684.20 while Future closed at 7686.20, premium of 2.00 points.
Bank Nifty closed down 3.40 points (0.02%) at 15385.95 while Future closed at 15410.65, premium of 24.70 points.

• FII bought in Cash (Net buy 161.17 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 273.04 Crore)
• DII sold in Cash (Net sell 181.16 Crore)
• Most Active Nifty Call Option: 7700 and 7800.
• Most Active Nifty Put Options: 7700 and 7600.
• Advance Decline for the day was 936:609.
• McClellan's oscillator for NSE at -03.

NIFTY TECHNICAL

Current Spot: 7684.20
Pivot: 7693
5DEMA: 7637
10DEMA: 7616
20DEMA: 7593
50DEMA: 7451
RSI (14 days): 59.16
Parabolic SAR: 7428
Supports: 7665 - 7645 - 7617
Resistance: 7713 - 7742 - 7761

Nifty Future VIX Range: 7615 - 7749
Nifty Future VWAP: 7696.95
MP Values Nifty Future: VAH - 7706, POC - 7695, VAL - 7684

TARGET NIFTY
Buy Nifty Future above 7699 - 7710 - 7735 - 7755 SL - 7684
Sell Nifty Future below 7675 - 7665 - 7650 - 7620 SL - 7697

BANKNIFTY TECHNICAL

Current Spot: 15385.95
Pivot: 15432
5DEMA: 15238
10DEMA: 15149
20DEMA: 15122
50DEMA: 14855
RSI (14 days): 57.29
Parabolic SAR: 14471
Supports: 15309 - 15233 - 15110
Resistance: 15509 - 15632 - 15708

Bank Nifty Future VIX Range: 15191 - 15629
Bank Nifty Future VWAP: 15485.65
MP Values Bank Nifty Future: VAH - 15529, POC - 15481, VAL - 15433

TARGET BANKNIFTY
Buy BankNifty Future above 15481 - 15530 - 15650 - 15735 SL - 15433
Sell BankNifty Future below 15388 - 15335 - 15255 - 15130 SL - 15465

INTRADAY TRADE
Lichsgfin: Buy above 312 for targets of 314, 317 SL 309
Atlascycle: Buy above 307 for targets of 310, 317 SL 302

SCORE SHEET
Idfc: Buy above 165 for targets of 167, 170 SL 161: Target 166.65 done
Exideind: Buy above 161 for targets of 163, 167 SL 157: SL Hit

POSITIONAL TRADE
Centurytex: Buy above 640 for target of 675 SL 724 (2-3 Days)
Nocil: Buy above 23.3 for target of 25.5 SL 22.9 (1 Week)

Thanks and Regards

MarketPulse S&P