Market outlook for 07/08/2014

Nifty closed down 74.50 points (0.96%) at 7672.05 while Future closed at 7691.45, premium of 19.40 points.
Bank Nifty closed down 284.60 points (1.86%) at 15008.65 while Future closed at 15092.15, premium of 83.50 points.

• FII bought in Cash (Net buy 283.87 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 184.92 Crore)
• DII bought in Cash (Net buy 32.59 Crore)
• Most Active Nifty Call Option: 7800 and 7900.
• Most Active Nifty Put Options: 7700 and 7600.
• Advance Decline for the day was 718:822.
• McClellan's oscillator for NSE at -19.

NIFTY TECHNICAL

Current Spot: 7691.45
Pivot: 7691
5DEMA: 7700
10DEMA: 7705
20DEMA: 7683
50DEMA: 7546
RSI (14 days): 51.34
Parabolic SAR: 7826
Supports: 7640 - 7609 - 7558
Resistance: 7722 - 7773 - 7804

Nifty Future VIX Range: 7631 - 7767
Nifty Future VWAP: 7726.23
MP Values Nifty Future: VAH - 7759, POC - 7734, VAL - 7726

TARGET NIFTY
Buy Nifty Future above 7726 - 7740 - 7775 - 7820 SL - 7699
Sell Nifty Future below 7680 - 7665 - 7630 - 7590 SL - 7713

BANKNIFTY TECHNICAL

Current Spot: 15008.65
Pivot: 15077
5DEMA: 15183
10DEMA: 15226
20DEMA: 15220
50DEMA: 15011
RSI (14 days): 45.82
Parabolic SAR: 15627
Supports: 14915 - 14821 - 14659
Resistance: 15171 - 15333 - 15427

Bank Nifty Future VIX Range: 14912 - 15294
Bank Nifty Future VWAP: 15183.49
MP Values Bank Nifty Future: VAH - 15273, POC - 15204, VAL - 15135

TARGET BANKNIFTY
Buy BankNifty Future above 15184 - 15260 - 15390 - 15520 SL - 15135
Sell BankNifty Future below 15070 - 15000 - 14900 - 14730 SL - 15183

INTRADAY TRADE
AsianPaint: Buy above 645 for targets of 651, 662 SL 638
Adanient: Buy above 457 for targets of 461, 470 SL 451

SCORE SHEET
Irb: Buy above 267 for targets of 270, 274 SL 263: Call not Active
Apollotyre: Buy above 186 for targets of 187.5, 190 SL 183: Target 190.00 done

POSITIONAL TRADE
Crompgreav: Buy above 198 for target of 207 SL 195 (2-3 Days)
Gtl: Buy above 24 for target of 26.5 SL 22.8 (1 Week)

Thanks and Regards

MarketPulse S&P