Market outlook for 05/02/2014

Nifty closed down 0.90 points (0.01%) at 6000.90 while Nifty Future closed at 6037.85, premium of 36.95 points.
Bank Nifty closed up 89.10 points (0.88%) at 10191.20 while Future closed at 10255.25, premium of 64.05 points.

• FII sold in Cash (Net sell 1234.02 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 930.40 Crore)
• DII bought in Cash (Net buy 864.55 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 699:710.
• McClellan's oscillator for NSE at -39.

NIFTY TECHNICAL

Current Spot: 6000.90
Pivot: 5984
5DEMA: 6056
10DEMA: 6116
20DEMA: 6168
50DEMA: 6201
RSI (14 days): 31.34
Parabolic SAR: 6262
Supports: 5950 - 5900 - 5866
Resistance: 6035 - 6069 - 6119

Nifty Future VIX Range: 5991 - 6100
Nifty Future VWAP: 6004.06
MP Values Nifty Future: VAH - 6014, POC - 5985, VAL - 5970

TARGET NIFTY
Buy Nifty Future above 6044 - 6060 - 6090 - 6130 SL - 6014
Sell Nifty Future below 6013 - 6000 - 5970 - 5935 SL - 6038

BANKNIFTY TECHNICAL

Current Spot: 10191.20
Pivot: 10119
5DEMA: 10267
10DEMA: 10459
20DEMA: 10697
50DEMA: 10980
RSI (14 days): 31.83
Parabolic SAR: 10941
Supports: 10016 - 9841 - 9738
Resistance: 10294 - 10397 - 10572

Bank Nifty Future VIX Range: 10111 - 10442
Bank Nifty Future VWAP: 10153.06
MP Values Bank Nifty Future: VAH - 10234, POC - 10151, VAL - 10068

TARGET BANKNIFTY
Buy BankNifty Future above 10263 - 10355 - 10485 - 10675 SL - 10169
Sell BankNifty Future below 10151 - 10055 - 9865 - 9770 SL - 10234

INTRADAY TRADE
Reliance: Buy above 824 for targets of 828, 836 SL 818
Reliance: Sell below 816 for targets of 812, 804 SL 823
Canbk: Buy above 221 for targets of 223, 227 SL 218
Finantech: Buy above 291 for targets of 294, 300 SL 283

SCORE SHEET
Ceatltd: Buy above 310 for targets of 313, 318 SL 306: Target 316.20 done
Kpit: Buy above 165 for targets of 167, 170 SL 162: Call not Active

POSITIONAL TRADE
Aiaeng: Buy above 578 for target of 596 SL 567 (2-3 Days)
Voltas: Buy above 109 for target of 117 SL 106 (1 Week)

Thanks and Regards

MarketPulse S&P