Market outlook for 09/01/2014

Nifty closed up 12.35 points (0.20%) at 6174.60 while Nifty Future closed at 6197.50, premium of 22.90 points.
Bank Nifty closed up 16.95 points (0.15%) at 11053.70 while Future closed at 11102.45, premium of 48.75 points.

• FII bought in Cash (Net buy 79.68 Crore)
• FII sold in index future, index option, and in stock future (Net sell 731.99 Crore)
• DII sold in Cash (Net sell 88.15 Crore)
• Most Active Nifty Call Option: 6300 and 6200.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 771:609.
• McClellan's oscillator for NSE at +22.

NIFTY TECHNICAL

Current Spot: 6174.60
Pivot: 6176
5DEMA: 6197
10DEMA: 6219
20DEMA: 6224
50DEMA: 6184
RSI (14 days): 45.68
Parabolic SAR: 6354
Supports: 6159 - 6144 - 6128
Resistance: 6191 - 6207 - 6223

Nifty Future VIX Range: 6141 - 6255
Nifty Future VWAP: 6201.03
MP Values Nifty Future: VAH - 6207, POC - 6199, VAL - 6191

TARGET NIFTY
Buy Nifty Future above 6207 - 6215 - 6230 - 6250 SL - 6197
Sell Nifty Future below 6190 - 6182 - 6169 - 6150 SL - 6204

BANKNIFTY TECHNICAL

Current Spot: 11053.70
Pivot: 11055
5DEMA: 11114
10DEMA: 11194
20DEMA: 11251
50DEMA: 11139
RSI (14 days): 43.30
Parabolic SAR: 11399
Supports: 10987 - 10921 - 10853
Resistance: 11121 - 11189 - 11255

Bank Nifty Future VIX Range: 10939 - 11280
Bank Nifty Future VWAP: 11115.58
MP Values Bank Nifty Future: VAH - 11159, POC - 11128, VAL - 11097

TARGET BANKNIFTY
Buy BankNifty Future above 11128 - 11170 - 11245 - 11315 SL - 11097
Sell BankNifty Future below 11086 - 11040 - 10970 - 10895 SL - 11121

INTRADAY TRADE
Reliance: Buy above 855 for targets of 857, 864 SL 848
Reliance: Sell below 845 for targets of 842, 835 SL 852
Bankindia: Buy above 243 for targets of 246, 252 SL 239
Recltd: Buy above 210 for targets of 212, 217 SL 208

SCORE SHEET
Maruti: Buy above 1850 for targets of 1858, 1872 SL 1837: Target 1860.00 done
Naukri: Buy above 523 for targets of 528, 537 SL 515: Target 534.85 done

POSITIONAL TRADE
Ballarpur: Buy above 14 for target of 14.9 SL 13.8 (2-3 Days)
Ibsec: Buy above 21.3 for target of 23 SL 21.0 (1 Week)

Thanks and Regards

MarketPulse S&P