Market outlook for 07/02/2014

Nifty closed up 13.90 points (0.23%) at 6036.30 while Nifty Future closed at 6048.30, premium of 12.00 points.
Bank Nifty closed down 26.45 points (0.28%) at 10205.20 while Future closed at 10220.85, premium of 15.65 points.

• FII bought in Cash (Net buy 10.75 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 243.25 Crore)
• DII bought in Cash (Net buy 610.80 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 663:731.
• McClellan's oscillator for NSE at -18.

NIFTY TECHNICAL

Current Spot: 6036.30
Pivot: 6017
5DEMA: 6042
10DEMA: 6087
20DEMA: 6143
50DEMA: 6185
RSI (14 days): 36.12
Parabolic SAR: 6199
Supports: 5985 - 5934 - 5902
Resistance: 6068 - 6100 - 6151

Nifty Future VIX Range: 6003 - 6105
Nifty Future VWAP: 6020.87
MP Values Nifty Future: VAH - 6061, POC - 6033, VAL - 6005

TARGET NIFTY
Buy Nifty Future above 6053 - 6075 - 6100 - 6140 SL - 6028
Sell Nifty Future below 6021 - 6000 - 5960 - 5925 SL - 6036

BANKNIFTY TECHNICAL

Current Spot: 10205.20
Pivot: 10212
5DEMA: 10239
10DEMA: 10379
20DEMA: 10610
50DEMA: 10906
RSI (14 days): 33.00
Parabolic SAR: 10752
Supports: 10102 - 9998 - 9888
Resistance: 10315 - 10425 - 10529

Bank Nifty Future VIX Range: 10070 - 10380
Bank Nifty Future VWAP: 10212.40
MP Values Bank Nifty Future: VAH - 10278, POC - 10204, VAL - 10130

TARGET BANKNIFTY
Buy BankNifty Future above 10239 - 10340 - 10455 - 10575 SL - 10204
Sell BankNifty Future below 10202 - 10110 - 10000 - 9985 SL - 10236

INTRADAY TRADE
Reliance: Buy above 820 for targets of 824, 832 SL 814
Reliance: Sell below 812 for targets of 808, 800 SL 818
Pfc: Buy above 153 for targets of 155, 158 SL 150
JetAirways: Buy above 236 for targets of 239, 248 SL 231

SCORE SHEET
Relaxo: Buy above 265 for targets of 269, 278 SL 258: Target 274.00 done
Recltd: Buy above 188 for targets of 190, 193 SL 185: Target 192.00 done

POSITIONAL TRADE
Astral: Buy above 390 for target of 410 SL 379 (2-3 Days)
Rcom: Buy above 127 for target of 138 SL 122 (1 Week)

Thanks and Regards

MarketPulse S&P