Market outlook for 28/07/2014

Nifty closed down 40.15 points (0.51%) at 7790.45 while Future closed at 7785.70, discount of 4.75 points.
Bank Nifty closed down 212.10 points (1.37%) at 15322.25 while Future closed at 15352.15, premium of 29.90 points.

• FII bought in Cash (Net buy 125.51 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 126.44 Crore)
• DII sold in Cash (Net sell 210.02 Crore)
• Most Active Nifty Call Option: 7800 and 7900.
• Most Active Nifty Put Options: 7800 and 7700.
• Advance Decline for the day was 387:1162.
• McClellan's oscillator for NSE at -45.

NIFTY TECHNICAL

Current Spot: 7790.45
Pivot: 7793
5DEMA: 7768
10DEMA: 7717
20DEMA: 7661
50DEMA: 7498
RSI (14 days): 63.32
Parabolic SAR: 7528
Supports: 7746 - 7701 - 7653
Resistance: 7838 - 7886 - 7930

Nifty Future VIX Range: 7719 - 7848
Nifty Future VWAP: 7788.50
MP Values Nifty Future: VAH - 7796, POC - 7776, VAL - 7756

TARGET NIFTY
Buy Nifty Future above 7796 - 7815 - 7850 - 7890 SL - 7776
Sell Nifty Future below 7774 - 7760 - 7725 - 7685 SL - 7795

BANKNIFTY TECHNICAL

Current Spot: 15322.25
Pivot: 15389
5DEMA: 15384
10DEMA: 15304
20DEMA: 15225
50DEMA: 14950
RSI (14 days): 54.13
Parabolic SAR: 14713
Supports: 15206 - 15089 - 14906
Resistance: 15505 - 15688 - 15805

Bank Nifty Future VIX Range: 15176 - 15578
Bank Nifty Future VWAP: 15424.99
MP Values Bank Nifty Future: VAH - 15489, POC - 15369, VAL - 15294

TARGET BANKNIFTY
Buy BankNifty Future above 15431 - 15550 - 15770 - 15900 SL - 15369
Sell BankNifty Future below 15339 - 15235 - 15105 - 14950 SL - 15429

INTRADAY TRADE
AsianPaint: Buy above 640 for targets of 645, 653 SL 633
Petronet: Buy above 185 for targets of 186.5, 190 SL 182

SCORE SHEET
TataSteel: Buy above 571 for targets of 574, 581 SL 563: Target 574.35 done
BankIndia: Buy above 301 for targets of 304, 310 SL 296: SL Hit

POSITIONAL TRADE
Hindunilvr: Buy above 668 for target of 685 SL 655 (2-3 Days)
Sjvn: Buy above 24.1 for target of 25.8 SL 23.6 (1 Week)

Thanks and Regards

MarketPulse S&P