Market outlook for 28/01/2014

Nifty closed down 130.90 points (2.09%) at 6135.85 while Nifty Future closed at 6148.05, premium of 12.20 points.
Bank Nifty closed down 442.00 points (4.02%) at 10540.40 while Future closed at 10554.20, premium of 13.80 points.

• FII sold in Cash (Net sell 1334.21 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 487.05 Crore)
• DII bought in Cash (Net buy 151.02 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 221:1229.
• McClellan's oscillator for NSE at -76.

NIFTY TECHNICAL

Current Spot: 6135.85
Pivot: 6152
5DEMA: 6247
10DEMA: 6262
20DEMA: 6257
50DEMA: 6226
RSI (14 days): 39.94
Parabolic SAR: 6356
Supports: 6115 - 6093 - 6056
Resistance: 6173 - 6210 - 6231

Nifty Future VIX Range: 6092 - 6213
Nifty Future VWAP: 6173.73
MP Values Nifty Future: VAH - 6197, POC - 6182, VAL - 6167

TARGET NIFTY
Buy Nifty Future above 6171 - 6188 - 6225 - 6255 SL - 6159
Sell Nifty Future below 6139 - 6125 - 6105 - 6060 SL - 6170

BANKNIFTY TECHNICAL

Current Spot: 10540.40
Pivot: 10621
5DEMA: 10905
10DEMA: 10986
20DEMA: 11062
50DEMA: 11115
RSI (14 days): 34.61
Parabolic SAR: 11248
Supports: 10440 - 10340 - 10159
Resistance: 10722 - 10903 - 11003

Bank Nifty Future VIX Range: 10377 - 10733
Bank Nifty Future VWAP: 10654.86
MP Values Bank Nifty Future: VAH - 10714, POC - 10638, VAL - 10562

TARGET BANKNIFTY
Buy BankNifty Future above 10655 - 10750 - 10920 - 11050 SL - 10641
Sell BankNifty Future below 10538 - 10450 - 10345 - 10225 SL - 10652

INTRADAY TRADE
Reliance: Buy above 852 for targets of 856, 866 SL 846
Reliance: Sell below 839 for targets of 835, 825 SL 850
Glenmark: Buy above 539 for targets of 545, 559 SL 532
Hindunilvr: Buy above 579 for targets of 585, 598 SL 570

SCORE SHEET
Infratel: Buy above 174.5 for targets of 176, 179 SL 172.5: Call not active
Asianpaint: Buy above 479 for targets of 482, 488 SL 473: Call not active

POSITIONAL TRADE
Sasken: Buy above 179 for target of 189 SL 174 (2-3 Days)
Mtnl: Buy above 16.2 for target of 18 SL 15.9 (1 Week)

Thanks and Regards

MarketPulse S&P