Market outlook for 25/07/2014

Nifty closed up 34.85 points (0.45%) at 7830.60 while Future closed at 7833.75, premium of 3.15 points.
Bank Nifty closed up 71.35 points (0.46%) at 15534.35 while Future closed at 15557.55, premium of 23.20 points.

• FII bought in Cash (Net buy 282.44 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 118.49 Crore)
• DII sold in Cash (Net sell 290.35 Crore)
• Most Active Nifty Call Option: 7800 and 7900.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 762:762.
• McClellan's oscillator for NSE at -21.

NIFTY TECHNICAL

Current Spot: 7830.60
Pivot: 7813
5DEMA: 7756
10DEMA: 7700
20DEMA: 7647
50DEMA: 7487
RSI (14 days): 67.21
Parabolic SAR: 7494
Supports: 7790 - 7749 - 7726
Resistance: 7854 - 7877 - 7918

Nifty Future VIX Range: 7767 - 7899
Nifty Future VWAP: 7803.14
MP Values Nifty Future: VAH - 7819, POC - 7788, VAL - 7763

TARGET NIFTY
Buy Nifty Future above 7839 - 7855 - 7880 - 7930 SL - 7803
Sell Nifty Future below 7800 - 7788 - 7763 - 7720 SL - 7719

BANKNIFTY TECHNICAL

Current Spot: 15534.35
Pivot: 15501
5DEMA: 15415
10DEMA: 15300
20DEMA: 15215
50DEMA: 14931
RSI (14 days): 60.52
Parabolic SAR: 14633
Supports: 15443 - 15352 - 15294
Resistance: 15592 - 15650 - 15741

Bank Nifty Future VIX Range: 15366 - 15772
Bank Nifty Future VWAP: 15511.71
MP Values Bank Nifty Future: VAH - 15531, POC - 15488, VAL - 15445

TARGET BANKNIFTY
Buy BankNifty Future above 15569 - 15620 - 15690 - 15800 SL - 15510
Sell BankNifty Future below 15488 - 15455 - 15345 - 15270 SL - 15531

INTRADAY TRADE
TataSteel: Buy above 571 for targets of 574, 581 SL 563
BankIndia: Buy above 301 for targets of 304, 310 SL 296

SCORE SHEET
BankBaroda: Buy above 858 for targets of 863, 874 SL 851: Target 884.90 done
HindPetro: Buy above 396 for targets of 400, 406 SL 392: Target 399.90 done

POSITIONAL TRADE
Gamminfra: Buy above 14.1 for target of 14.9 SL 13.6 (2-3 Days)
Nitinspin: Buy above 23.5 for target of 25.6 SL 22.6 (1 Week)

Thanks and Regards

MarketPulse S&P