Market outlook for 03/02/2014

Nifty closed up 15.80 points (0.26%) at 6089.50 while Nifty Future closed at 6112.00, premium of 22.50 points.
Bank Nifty closed up 84.60 points (0.83%) at 10237.75 while Future closed at 10276.65, premium of 38.90 points.

• FII sold in Cash (Net sell 652.97 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 172.33 Crore)
• DII bought in Cash (Net buy 327.01 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 921:487.
• McClellan's oscillator for NSE at -44.

NIFTY TECHNICAL

Current Spot: 6089.50
Pivot: 6085
5DEMA: 6125
10DEMA: 6172
20DEMA: 6206
50DEMA: 6221
RSI (14 days): 37.01
Parabolic SAR: 6309
Supports: 6072 - 6054 - 6041
Resistance: 6102 - 6115 - 6133

Nifty Future VIX Range: 6052 - 6163
Nifty Future VWAP: 6110.86
MP Values Nifty Future: VAH - 6125, POC - 6115, VAL - 6105

TARGET NIFTY
Buy Nifty Future above 6117 - 6130 - 6150 - 6175 SL - 6105
Sell Nifty Future below 6103 - 6093 - 6075 - 6050 SL - 6116

BANKNIFTY TECHNICAL

Current Spot: 10237.75
Pivot: 10212
5DEMA: 10407
10DEMA: 10612
20DEMA: 10818
50DEMA: 11048
RSI (14 days): 30.60
Parabolic SAR: 11088
Supports: 10157 - 10075 - 10020
Resistance: 10293 - 10348 - 10429

Bank Nifty Future VIX Range: 10108 - 10452
Bank Nifty Future VWAP: 10248.20
MP Values Bank Nifty Future: VAH - 10280, POC - 10249, VAL - 10218

TARGET BANKNIFTY
Buy BankNifty Future above 10284 - 10325 - 10385 - 10450 SL - 10248
Sell BankNifty Future below 10243 - 10205 - 10145 - 10080 SL - 10281

INTRADAY TRADE
Reliance: Buy above 833 for targets of 835, 840 SL 828
Reliance: Sell below 826 for targets of 824, 820 SL 832
Syndibank: Buy above 85.1 for targets of 86, 88 SL 83.8
Cesc: Buy above 439 for targets of 443, 450 SL 433

SCORE SHEET
Tatamotors: Buy above 364 for targets of 369, 377 SL 359: Call not active
Gujalkali: Buy above 196 for targets of 198, 201 SL 193: Target 199.75 done

POSITIONAL TRADE
Andhrabank: Buy above 58 for target of 61 SL 57.1 (2-3 Days)
Arvind: Buy above 148.5 for target of 156 SL 146 (1 Week)

Thanks and Regards

MarketPulse S&P