Tuesday, June 3, 2014

Market outlook for 04/06/2014

Nifty closed up 53.35 points (0.72%) at 7415.85 while Future closed at 7421.40, premium of 5.55 points.
Bank Nifty closed down 29.75 points (0.19%) at 15257.50 while Future closed at 15213.20, discount of 44.30 points.
  • FII bought in Cash (Net buy 575.09 Crore)
  • FII bought in index option, stock future but sold in index future (Net buy 839.21 Crore)
  • DII bought in Cash (Net buy 99.81 Crore)
  • Most Active Nifty Call Option: 7400 and 7500.
  • Most Active Nifty Put Options: 7300 and 7200.
  • Advance Decline for the day was 981:572.
  • McClellan's oscillator for NSE at +37.
NIFTY TECHNICAL
Current Spot: 7415.85
Pivot: 7394
5DEMA: 7339
10DEMA: 7293
20DEMA: 7183
50DEMA: 6934
RSI (14 days): 73.79
Parabolic SAR: 7546
Supports: 7364 - 7312 - 7281
Resistance: 7446 - 7477 - 7529
Nifty Future VIX Range: 7351 - 7495
Nifty Future VWAP: 7395.46
MP Values Nifty Future: VAH - 7415, POC - 7392, VAL - 7369

TARGET NIFTY
Buy Nifty Future above 7427 - 7450 - 7485 - 7525 SL - 7392
Sell Nifty Future below 7389 - 7370 - 7335 - 7290 SL - 7415

BANKNIFTY TECHNICAL
Current Spot: 15257.50
Pivot: 15273
5DEMA: 15144
10DEMA: 15018
20DEMA: 14626
50DEMA: 13639
RSI (14 days): 70.00
Parabolic SAR: 15613
Supports: 15133 - 15008 - 14867
Resistance: 15398 - 15539 - 15664
Bank Nifty Future VIX Range: 14941 - 15469
Bank Nifty Future VWAP: 15247.09
MP Values Bank Nifty Future: VAH - 15311, POC - 15244, VAL - 15177

TARGET BANKNIFTY
Buy BankNifty Future above 15249 - 15350 - 15490 - 15630 SL - 15219
Sell BankNifty Future below 15190 - 15095 - 14970 - 14825 SL - 15247

INTRADAY TRADE
TataSteel: Buy above 530 for targets of 536, 546 SL 521
Sslt: Buy above 300 for targets of 304, 310 SL 294

SCORE SHEET
Syndibank: Buy above 159 for targets of 161, 166 SL 155: Target 164 done
Aban: Buy above 754 for targets of 763, 780 SL 744: Call not Active

POSITIONAL TRADE
Fincables: Buy above 169.5 for target of 177 SL 166 (2-3 Days)
Litl: Buy above 12 for target of 13.5 SL 11.7 (1 Week)

Thanks and Regards

MarketPulse S&P

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