Market outlook for 04/02/2014

Nifty closed down 87.70 points (1.44%) at 6001.80 while Nifty Future closed at 6039.70, premium of 37.90 points.
Bank Nifty closed down 135.65 points (1.33%) at 10102.10 while Future closed at 10155.75, premium of 53.65 points.

• FII sold in Cash (Net sell 735.73 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 1000.24 Crore)
• DII sold in Cash (Net sell 70.35 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 519:887.
• McClellan's oscillator for NSE at -48.

NIFTY TECHNICAL

Current Spot: 6001.80
Pivot: 6024
5DEMA: 6084
10DEMA: 6141
20DEMA: 6186
50DEMA: 6214
RSI (14 days): 31.27
Parabolic SAR: 6290
Supports: 5973 - 5943 - 5892
Resistance: 6053 - 6104 - 6133

Nifty Future VIX Range: 5981 - 6093
Nifty Future VWAP: 6066.05
MP Values Nifty Future: VAH - 6089, POC - 6065, VAL - 6041

TARGET NIFTY
Buy Nifty Future above 6063 - 6080 - 6105 - 6135 SL - 6040
Sell Nifty Future below 6031 - 6015 - 5995 - 5955 SL - 6062

BANKNIFTY TECHNICAL

Current Spot: 10102.10
Pivot: 10138
5DEMA: 10305
10DEMA: 10519
20DEMA: 10750
50DEMA: 11021
RSI (14 days): 28.24
Parabolic SAR: 11028
Supports: 10053 - 10005 - 9920
Resistance: 10187 - 10271 - 10320

Bank Nifty Future VIX Range: 9991 - 10325
Bank Nifty Future VWAP: 10190.28
MP Values Bank Nifty Future: VAH - 10205, POC - 10168, VAL - 10137

TARGET BANKNIFTY
Buy BankNifty Future above 10192 - 10225 - 10285 - 10350 SL - 10168
Sell BankNifty Future below 10137 - 10105 - 10065 - 9990 SL - 10190

INTRADAY TRADE
Reliance: Buy above 827 for targets of 832, 838 SL 821
Reliance: Sell below 817 for targets of 814, 808 SL 825
Ceatltd: Buy above 310 for targets of 313, 318 SL 306
Kpit: Buy above 165 for targets of 167, 170 SL 162

SCORE SHEET
Syndibank: Buy above 85.1 for targets of 86, 88 SL 83.8: SL Hit
Cesc: Buy above 439 for targets of 443, 450 SL 433: Target 446.85 done

POSITIONAL TRADE
Kscl: Buy above 476 for target of 493 SL 467 (2-3 Days)
Mercator: Buy above 19.1 for target of 21 SL 18.8 (1 Week)

Thanks and Regards

MarketPulse S&P