Market outlook for 27/01/2014

Nifty closed down 78.90 points (1.24%) at 6266.75 while Nifty Future closed at 6276.15, premium of 9.40 points.
Bank Nifty closed down 216.60 points (1.93%) at 10982.40 while Future closed at 10992.20, premium of 9.80 points.

• FII sold in Cash (Net sell 230.96 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 777.72 Crore)
• DII sold in Cash (Net sell 78.05 Crore)
• Most Active Nifty Call Option: 6300 and 6400.
• Most Active Nifty Put Options: 6300 and 6200.
• Advance Decline for the day was 338:1121.
• McClellan's oscillator for NSE at -49.

NIFTY TECHNICAL

Current Spot: 6266.75
Pivot: 6287
5DEMA: 6303
10DEMA: 6291
20DEMA: 6270
50DEMA: 6234
RSI (14 days): 50.83
Parabolic SAR: 6175
Supports: 6243 - 6220 - 6176
Resistance: 6311 - 6355 - 6378

Nifty Future VIX Range: 6223 - 6333
Nifty Future VWAP: 6293.64
MP Values Nifty Future: VAH - 6303, POC - 6279, VAL - 6267

TARGET NIFTY
Buy Nifty Future above 6303 - 6315 - 6355 - 6390 SL - 6279
Sell Nifty Future below 6267 - 6250 - 6225 - 6180 SL - 6301

BANKNIFTY TECHNICAL

Current Spot: 10982.40
Pivot: 11029
5DEMA: 11087
10DEMA: 11085
20DEMA: 11117
50DEMA: 11149
RSI (14 days): 44.87
Parabolic SAR: 10904
Supports: 10925 - 10868 - 10765
Resistance: 11086 - 11190 - 11247

Bank Nifty Future VIX Range: 10823 - 11132
Bank Nifty Future VWAP: 11040.24
MP Values Bank Nifty Future: VAH - 11092, POC - 11008, VAL - 10975

TARGET BANKNIFTY
Buy BankNifty Future above 11045 - 11095 - 11200 - 11270 SL - 11007
Sell BankNifty Future below 10975 - 10930 - 10865 - 10755 SL - 11043

INTRADAY TRADE
Reliance: Buy above 872 for targets of 876, 885 SL 866
Reliance: Sell below 863 for targets of 859, 850 SL 870
Infratel: Buy above 174.5 for targets of 176, 179 SL 172.5
Asianpaint: Buy above 479 for targets of 482, 488 SL 473

SCORE SHEET
Sbin: Buy above 1662 for targets of 1672, 1688 SL 1646: SL Hit
Bhel: Buy above 172 for targets of 174, 177 SL 170: Call not active

POSITIONAL TRADE
Nucleus: Buy above 194 for target of 213 SL 189 (2-3 Days)
Bslimited: Buy above 14 for target of 15.5 SL 13.4 (1 Week)

Thanks and Regards

MarketPulse S&P