Market outlook for 06/08/2014

Nifty closed up 62.90 points (0.82%) at 7746.55 while Future closed at 7772.85, premium of 26.30 points.
Bank Nifty closed up 50.90 points (0.33%) at 15293.25 while Future closed at 15376.35, premium of 83.10 points.

• FII bought in Cash (Net buy 52.85 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 587.44 Crore)
• DII bought in Cash (Net buy 62.22 Crore)
• Most Active Nifty Call Option: 7800 and 7900.
• Most Active Nifty Put Options: 7700 and 7600.
• Advance Decline for the day was 983:555.
• McClellan's oscillator for NSE at -18.

NIFTY TECHNICAL

Current Spot: 7746.55
Pivot: 7712
5DEMA: 7714
10DEMA: 7712
20DEMA: 7684
50DEMA: 7540
RSI (14 days): 56.47
Parabolic SAR: 7831
Supports: 7672 - 7598 - 7558
Resistance: 7787 - 7827 - 7901

Nifty Future VIX Range: 7704 - 7840
Nifty Future VWAP: 7722.90
MP Values Nifty Future: VAH - 7753, POC - 7718, VAL - 7683

TARGET NIFTY
Buy Nifty Future above 7779 - 7805 - 7850 - 7900 SL - 7723
Sell Nifty Future below 7722 - 7695 - 7650 - 7600 SL - 7753

BANKNIFTY TECHNICAL

Current Spot: 15293.25
Pivot: 15248
5DEMA: 15270
10DEMA: 15274
20DEMA: 15242
50DEMA: 15004
RSI (14 days): 52.88
Parabolic SAR: 15072
Supports: 15152 - 15010 - 14914
Resistance: 15389 - 15485 - 15627

Bank Nifty Future VIX Range: 15201 - 15573
Bank Nifty Future VWAP: 15309.87
MP Values Bank Nifty Future: VAH - 15414, POC - 15346, VAL - 15278

TARGET BANKNIFTY
Buy BankNifty Future above 15388 - 15460 - 15560 - 15690 SL - 15309
Sell BankNifty Future below 15306 - 15240 - 15145 - 14995 SL - 15346

INTRADAY TRADE
Irb: Buy above 267 for targets of 270, 274 SL 263
Apollotyre: Buy above 186 for targets of 187.5, 190 SL 183

SCORE SHEET
Hindalco: Buy above 192 for targets of 194, 198 SL 188.5: Target 196.60 done
Crompgreav: Buy above 205 for targets of 208, 213 SL 201: Call not Active

POSITIONAL TRADE
Renuka: Buy above 23.1 for target of 24 SL 22.7 (2-3 Days)
Texmopipes: Buy above 16.9 for target of 19 SL 16.4 (1 Week)

Thanks and Regards

MarketPulse S&P