Market outlook for 31/07/2014

Nifty closed up 42.70 points (0.55%) at 7791.40 while Future closed at 7788.30, discount of 3.10 points.
Bank Nifty closed up 240.25 points (1.58%) at 15452.40 while Future closed at 15451.70, discount of 0.70 points.

• FII sold in Cash (Net sell 381.66 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 495.24 Crore)
• DII bought in Cash (Net buy 515.65 Crore)
• Most Active Nifty Call Option: 7700 and 7800.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 737:803.
• McClellan's oscillator for NSE at -53.

NIFTY TECHNICAL

Current Spot: 7791.40
Pivot: 7766
5DEMA: 7771
10DEMA: 7735
20DEMA: 7681
50DEMA: 7514
RSI (14 days): 62.24
Parabolic SAR: 7599
Supports: 7733 - 7675 - 7642
Resistance: 7824 - 7857 - 7915

Nifty Future VIX Range: 7725 - 7849
Nifty Future VWAP: 7750.34
MP Values Nifty Future: VAH - 7766, POC - 7741, VAL - 7716

TARGET NIFTY
Buy Nifty Future above 7794 - 7815 - 7840 - 7875 SL - 7759
Sell Nifty Future below 7750 - 7735 - 7705 - 7655 SL - 7769

BANKNIFTY TECHNICAL

Current Spot: 15452.40
Pivot: 15369
5DEMA: 15369
10DEMA: 15317
20DEMA: 15245
50DEMA: 14962
RSI (14 days): 57.10
Parabolic SAR: 14982
Supports: 15268 - 15083 - 14982
Resistance: 15554 - 15655 - 15840

Bank Nifty Future VIX Range: 15244 - 15644
Bank Nifty Future VWAP: 15330.07
MP Values Bank Nifty Future: VAH - 15380, POC - 15251, VAL - 15185

TARGET BANKNIFTY
Buy BankNifty Future above 15463 - 15545 - 15640 - 15800 SL - 15379
Sell BankNifty Future below 15345 - 15275 - 15095 - 14995 SL - 15384

INTRADAY TRADE
Idea: Buy above 157.5 for targets of 159, 162 SL 154
Dlf: Buy above 201 for targets of 203, 207 SL 197

SCORE SHEET
Bharatforg: Buy above 715 for targets of 720, 731 SL 706: Target 727.00 done
Exideind: Buy above 163.5 for targets of 165, 168 SL 162: Target 167.60 done

POSITIONAL TRADE
Hindalco: Buy above 193 for target of 200 SL 190 (2-3 Days)
Trident: Buy above 23 for target of 25.5 SL 22.3 (1 Week)

Thanks and Regards

MarketPulse S&P