Market outlook for 02/01/2014

Nifty closed down 2.35 points (0.04%) at 6301.65 while Nifty Future closed at 6358.15, premium of 56.50 points.
Bank Nifty closed up 0.35 points (0.00%) at 11385.60 while Future closed at 11500.55, premium of 114.95 points.

• FII bought in Cash (Net buy 10.16 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 559.74 Crore)
• DII sold in Cash (Net sell 222.12 Crore)
• Most Active Nifty Call Option: 6500 and 6400.
• Most Active Nifty Put Options: 6300 and 6200.
• Advance Decline for the day was 957:413.
• McClellan's oscillator for NSE at +54.

NIFTY TECHNICAL

Current Spot: 6301.65
Pivot: 6309
5DEMA: 6293
10DEMA: 6275
20DEMA: 6246
50DEMA: 6170
RSI (14 days): 57.91
Parabolic SAR: 6138
Supports: 6291 - 6280 - 6262
Resistance: 6320 - 6338 - 6349

Nifty Future VIX Range: 6298 - 6423
Nifty Future VWAP: 6356.89
MP Values Nifty Future: VAH - 6359, POC - 6355, VAL - 6351

TARGET NIFTY
Buy Nifty Future above 6361 - 6370 - 6390 - 6415 SL - 6354
Sell Nifty Future below 6349 - 6340 - 6320 - 6295 SL - 6359

BANKNIFTY TECHNICAL

Current Spot: 11385.60
Pivot: 11393
5DEMA: 11383
10DEMA: 11380
20DEMA: 11353
50DEMA: 11127
RSI (14 days): 52.67
Parabolic SAR: 11581
Supports: 11354 - 11322 - 11282
Resistance: 11425 - 11465 - 11497

Bank Nifty Future VIX Range: 11338 - 11720
Bank Nifty Future VWAP: 11485.64
MP Values Bank Nifty Future: VAH - 11500, POC - 11485, VAL - 11470

TARGET BANKNIFTY
Buy BankNifty Future above 11510 - 11540 - 11585 - 11635 SL - 11469
Sell BankNifty Future below 11461 - 11430 - 11385 - 11335 SL - 11501

INTRADAY TRADE
Reliance: Buy above 890 for targets of 894, 900 SL 883
Reliance: Sell below 882 for targets of 879, 872 SL 889
Rcom: Buy above 139 for targets of 141, 144 SL 136
UcoBank: Buy above 80.2 for targets of 81, 83 SL 79

SCORE SHEET
CenturyTex: Buy above 316 for targets of 319, 327 SL 311: Target 317.80 done
Pfc: Buy above 168 for targets of 170, 173 SL 165: Call not active

POSITIONAL TRADE
Ibrealest: Buy above 73 for target of 77 SL 71 (2-3 Days)
Rpower: Buy above 74.5 for target of 80 SL 71 (1 Week)

Thanks and Regards

MarketPulse S&P