Market outlook for 07/11/2014

Nifty closed up 14.15 points (0.17%) at 8338.30 while Future closed at 8380.15, premium of 41.85 points.
Bank Nifty closed up 218.85 points (1.28%) at 17352.95 while Future closed at 17472.05, premium of 119.10 points.

• FII bought huge in Cash (Net buy 1030.85 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 925.04 Crore)
• DII sold in Cash (Net sell 1204.63 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8300 and 8200.
• Advance Decline for the day was 840:694.
• McClellan's oscillator for NSE at +54.

NIFTY TECHNICAL

Current Spot: 8338.30
Pivot: 8342
5DEMA: 8253
10DEMA: 8155
20DEMA: 8068
50DEMA: 7985
RSI (14 days): 71.64
Parabolic SAR: 7986
Supports: 8319 - 8300 - 8277
Resistance: 8361 - 8385 - 8403

Nifty Future VWAP: 8385.37
Nifty Future VIX Range: 8313 - 8463
MP Values Nifty Future: VAH - 8399, POC - 8387, VAL - 8375

TARGET NIFTY
Buy Nifty Future above 8387 - 8400 - 8425 - 8455 SL - 8381
Sell Nifty Future below 8373 - 8360 - 8335 - 8310 SL - 8386

BANKNIFTY TECHNICAL

Current Spot: 17352.95
Pivot: 17312
5DEMA: 17037
10DEMA: 16760
20DEMA: 16425
50DEMA: 16031
RSI (14 days): 75.45
Parabolic SAR: 16612
Supports: 17199 - 17045 - 16931
Resistance: 17466 - 17579 - 17734

Bank Nifty Future VWAP: 17427.55
Bank Nifty Future VIX Range: 17260 - 17721
MP Values Bank Nifty Future: VAH - 17487, POC - 17398, VAL - 17309

TARGET BANKNIFTY
Buy BankNifty Future above 17487 - 17580 - 17685 - 17800 SL - 17398
Sell BankNifty Future below 17386 - 17295 - 17195 - 17000 SL - 17428

INTRADAY TRADE
Axisbank: Buy above 460 for targets of 463, 470 SL 453
Hexaware: Buy above 218 for targets of 220, 225 SL 214

SCORE SHEET
Jindalstel: Buy above 171 for targets of 173, 177 SL 167: Call not Active
Relcapital: Buy above 493 for targets of 498, 506 SL 486: Target 498.30 done

POSITIONAL TRADE
Lichsgfin: Buy above 377 for target of 392 SL 372 (2-3 Days)
Kserasera: Buy above 15.7 for target of 18.1 SL 14.7 (1 Week)

Thanks and Regards

MarketPulse S&P