Market outlook for 30/01/2014

Nifty closed down 6.00 points (0.10%) at 6120.25 while Nifty Future closed at 6120.80, premium of 0.55 points.
Bank Nifty closed down 69.85 points (0.66%) at 10437.75 while Future closed at 10437.50, discount of 0.25 points.

• FII bought in Cash (Net buy 250.48 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 578.88 Crore)
• DII sold in Cash (Net sell 16.87 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 656:758.
• McClellan's oscillator for NSE at -55.

NIFTY TECHNICAL

Current Spot: 6120.25
Pivot: 6134
5DEMA: 6178
10DEMA: 6216
20DEMA: 6233
50DEMA: 6227
RSI (14 days): 38.54
Parabolic SAR: 6340
Supports: 6097 - 6073 - 6036
Resistance: 6157 - 6194 - 6218

Nifty Future VIX Range: 6069 - 6184
Nifty Future VWAP: 6147.72
MP Values Nifty Future: VAH - 6168, POC - 6150, VAL - 6132

TARGET NIFTY
Buy Nifty Future above 6139 - 6160 - 6195 - 6225 SL - 6129
Sell Nifty Future below 6112 - 6096 - 6070 - 6035 SL - 6138

BANKNIFTY TECHNICAL

Current Spot: 10437.75
Pivot: 10496
5DEMA: 10661
10DEMA: 10815
20DEMA: 10955
50DEMA: 11100
RSI (14 days): 32.25
Parabolic SAR: 11194
Supports: 10348 - 10259 - 10111
Resistance: 10586 - 10734 - 10823

Bank Nifty Future VIX Range: 10270 - 10605
Bank Nifty Future VWAP: 10524.09
MP Values Bank Nifty Future: VAH - 10620, POC - 10548, VAL - 10476

TARGET BANKNIFTY
Buy BankNifty Future above 10505 - 10595 - 10715 - 10850 SL - 10475
Sell BankNifty Future below 10422 - 10340 - 10245 - 10115 SL - 10503

INTRADAY TRADE
Reliance: Buy above 846 for targets of 851, 857 SL 839
Reliance: Sell below 833 for targets of 828, 822 SL 843
Adanient: Buy above 255 for targets of 258, 264 SL 251
Granules: Buy above 235 for targets of 238, 244 SL 232

SCORE SHEET
TataElxsi: Buy above 395 for targets of 400, 409 SL 391: Target 413.45 done
Finantech: Buy above 287 for targets of 290, 298 SL 283: Target 291.65 done

POSITIONAL TRADE
TataElxsi: Buy above 408 for target of 422 SL 404 (2-3 Days)
Parsvnath: Buy above 24.1 for target of 26 SL 23.8 (1 Week)

Thanks and Regards

MarketPulse S&P