Market outlook for 07/10/2014

Nifty closed down 19.25 points (0.24%) at 7945.55 while Future closed at 7983.65, premium of 38.10 points.
Bank Nifty closed down 76.05 points (0.49%) at 15316.20 while Future closed at 15385.60, premium of 69.40 points.

• FII sold in Cash (Net sell 63.24 Crore)
• FII bought in index future, index option and in stock future (Net buy 930.53 Crore)
• DII bought in Cash (Net buy 155.69 Crore)
• Most Active Nifty Call Option: 8000 and 8100.
• Most Active Nifty Put Options: 7900 and 7800.
• Advance Decline for the day was 592:932.
• McClellan's oscillator for NSE at -38.

NIFTY TECHNICAL

Current Spot: 7945.55
Pivot: 7953
5DEMA: 7965
10DEMA: 7990
20DEMA: 7997
50DEMA: 7932
RSI (14 days): 46.44
Parabolic SAR: 8118
Supports: 7929 - 7912 - 7888
Resistance: 7970 - 7994 - 8011

Nifty Future VWAP: 7989.80
Nifty Future VIX Range: 7916 - 8048
MP Values Nifty Future: VAH - 7998, POC - 7989, VAL - 7980

TARGET NIFTY
Buy Nifty Future above 7998 - 8010 - 8030 - 8055 SL - 7980
Sell Nifty Future below 7974 - 7965 - 7950 - 7930 SL - 7997

BANKNIFTY TECHNICAL

Current Spot: 15316.20
Pivot: 15322
5DEMA: 15467
10DEMA: 15623
20DEMA: 15733
50DEMA: 15652
RSI (14 days): 39.21
Parabolic SAR: 16032
Supports: 15266 - 15215 - 15159
Resistance: 15372 - 15428 - 15479

Bank Nifty Future VWAP: 15398.65
Bank Nifty Future VIX Range: 15171 - 15579
MP Values Bank Nifty Future: VAH - 15441, POC - 15412, VAL - 15383

TARGET BANKNIFTY
Buy BankNifty Future above 15414 - 15450 - 15525 - 15580 SL - 15398
Sell BankNifty Future below 15373 - 15345 - 15290 - 15220 SL - 15413

INTRADAY TRADE
Wipro: Buy above 617 for targets of 621, 630 SL 609
Exideind: Buy above 173 for targets of 174.5, 177 SL 171

SCORE SHEET
Zeel: Buy above 316 for targets of 319, 325 SL 311: SL Hit
Lichsgfin: Buy above 326 for targets of 329, 336 SL 321: Target 328.95 done

POSITIONAL TRADE
Polaris: Buy above 264 for target of 276 SL 260 (2-3 Days)
Suzlon: Buy above 13.5 for target of 15.2 SL 13.1 (1 Week)

Thanks and Regards

MarketPulse S&P