Market outlook for 31/01/2014

Nifty closed down 46.55 points (0.76%) at 6073.70 while Nifty Future closed at 6103.85, premium of 30.15 points.
Bank Nifty closed down 284.60 points (2.73%) at 10153.15 while Future closed at 10224.10, premium of 70.95 points.

• FII sold in Cash (Net sell 430.20 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 1702.75 Crore)
• DII bought in Cash (Net buy 132.01 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 339:1082.
• McClellan's oscillator for NSE at -72.

NIFTY TECHNICAL

Current Spot: 6073.70
Pivot: 6061
5DEMA: 6143
10DEMA: 6190
20DEMA: 6218
50DEMA: 6223
RSI (14 days): 35.18
Parabolic SAR: 6327
Supports: 6040 - 6006 - 5984
Resistance: 6095 - 6117 - 6151

Nifty Future VIX Range: 6053 - 6166
Nifty Future VWAP: 6091.60
MP Values Nifty Future: VAH - 6101, POC - 6089, VAL - 6077

TARGET NIFTY
Buy Nifty Future above 6108 - 6120 - 6145 - 6170 SL - 6089
Sell Nifty Future below 6087 - 6077 - 6055 - 6030 SL - 6101

BANKNIFTY TECHNICAL

Current Spot: 10153.15
Pivot: 10190
5DEMA: 10492
10DEMA: 10695
20DEMA: 10879
50DEMA: 11064
RSI (14 days): 27.47
Parabolic SAR: 11150
Supports: 10065 - 9976 - 9852
Resistance: 10278 - 10403 - 10491

Bank Nifty Future VIX Range: 10070 - 10417
Bank Nifty Future VWAP: 10259.37
MP Values Bank Nifty Future: VAH - 10344, POC - 10286, VAL - 10228

TARGET BANKNIFTY
Buy BankNifty Future above 10261 - 10335 - 10455 - 10550 SL - 10248
Sell BankNifty Future below 10209 - 10140 - 10045 - 9930 SL - 10258

INTRADAY TRADE
Reliance: Buy above 831 for targets of 835, 841 SL 825
Reliance: Sell below 821 for targets of 817, 811 SL 829
Tatamotors: Buy above 364 for targets of 369, 377 SL 359
Gujalkali: Buy above 196 for targets of 198, 201 SL 193

SCORE SHEET
Adanient: Buy above 255 for targets of 258, 264 SL 251: Call not active
Granules: Buy above 235 for targets of 238, 244 SL 232: Call not active

POSITIONAL TRADE
Oberoirlty: Buy above 202 for target of 216 SL 197 (2-3 Days)
Fsl: Buy above 23.5 for target of 25 SL 23 (1 Week)

Thanks and Regards

MarketPulse S&P