Market outlook for 08/01/2014

Nifty closed down 29.20 points (0.47%) at 6162.25 while Nifty Future closed at 6195.85, premium of 33.60 points.
Bank Nifty closed down 12.30 points (0.11%) at 11036.75 while Future closed at 11099.70, premium of 62.95 points.

• FII sold in Cash (Net sell 567.02 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 1114.52 Crore)
• DII bought in Cash (Net buy 59.44 Crore)
• Most Active Nifty Call Option: 6300 and 6200.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 626:738.
• McClellan's oscillator for NSE at +20.

NIFTY TECHNICAL

Current Spot: 6162.25
Pivot: 6176
5DEMA: 6208
10DEMA: 6229
20DEMA: 6229
50DEMA: 6183
RSI (14 days): 44.31
Parabolic SAR: 6358
Supports: 6131 - 6099 - 6054
Resistance: 6208 - 6253 - 6284

Nifty Future VIX Range: 6137 - 6255
Nifty Future VWAP: 6202.23
MP Values Nifty Future: VAH - 6214, POC - 6194, VAL - 6174

TARGET NIFTY
Buy Nifty Future above 6214 - 6235 - 6275 - 6320 SL - 6194
Sell Nifty Future below 6187 - 6165 - 6125 - 6080 SL - 6213

BANKNIFTY TECHNICAL

Current Spot: 11036.75
Pivot: 11028
5DEMA: 11144
10DEMA: 11225
20DEMA: 11272
50DEMA: 11138
RSI (14 days): 42.65
Parabolic SAR: 11468
Supports: 10901 - 10766 - 10639
Resistance: 11163 - 11290 - 11425

Bank Nifty Future VIX Range: 10924 - 11276
Bank Nifty Future VWAP: 11062.24
MP Values Bank Nifty Future: VAH - 11145, POC - 11065, VAL - 10985

TARGET BANKNIFTY
Buy BankNifty Future above 11108 - 11200 - 11330 - 11490 SL - 11065
Sell BankNifty Future below 11062 - 10985 - 10865 - 10730 SL - 11096

INTRADAY TRADE
Reliance: Buy above 852 for targets of 856, 865 SL 845
Reliance: Sell below 839 for targets of 835, 828 SL 848
Maruti: Buy above 1850 for targets of 1858, 1872 SL 1837
Naukri: Buy above 523 for targets of 528, 537 SL 515

SCORE SHEET
Aban: Buy above 406 for targets of 410, 418 SL 399: Target 438.90 done
Erosmedia: Buy above 180 for targets of 182, 187 SL 177: Target 184.00 done

POSITIONAL TRADE
Aban: Buy above 428 for target of 444 SL 422 (2-3 Days)
Mercator: Buy above 20.2 for target of 22 SL 19.7 (1 Week)

Thanks and Regards

MarketPulse S&P