Market outlook for 11/02/2014

Nifty closed down 9.75 points (0.16%) at 6053.45 while Nifty Future closed at 6064.60, premium of 11.15 points.
Bank Nifty closed down 49.30 points (0.48%) at 10213.90 while Future closed at 10220.20, premium of 6.30 points.

• FII sold in Cash (Net sell 455.18 Crore)
• FII sold in index option but bought in index future, stock future (Net sell 515.84 Crore)
• DII bought in Cash (Net buy 294.79 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 668:730.
• McClellan's oscillator for NSE at -04.

NIFTY TECHNICAL

Current Spot: 6053.45
Pivot: 6061
5DEMA: 6051
10DEMA: 6078
20DEMA: 6128
50DEMA: 6165
RSI (14 days): 39.17
Parabolic SAR: 6149
Supports: 6039 - 6024 - 6002
Resistance: 6076 - 6098 - 6112

Nifty Future VIX Range: 6011 - 6109
Nifty Future VWAP: 6076.82
MP Values Nifty Future: VAH - 6087, POC - 6077, VAL - 6067

TARGET NIFTY
Buy Nifty Future above 6078 - 6087 - 6105 - 6140 SL - 6067
Sell Nifty Future below 6064 - 6055 - 6035 - 6000 SL - 6077

BANKNIFTY TECHNICAL

Current Spot: 10213.90
Pivot: 10237
5DEMA: 10236
10DEMA: 10332
20DEMA: 10541
50DEMA: 10815
RSI (14 days): 34.72
Parabolic SAR: 10598
Supports: 10164 - 10115 - 10042
Resistance: 10287 - 10360 - 10409

Bank Nifty Future VIX Range: 10056 - 10350
Bank Nifty Future VWAP: 10249.99
MP Values Bank Nifty Future: VAH - 10280, POC - 10256, VAL - 10232

TARGET BANKNIFTY
Buy BankNifty Future above 10257 - 10280 - 10330 - 10420 SL - 10230
Sell BankNifty Future below 10218 - 10190 - 10120 - 10030 SL - 10256

INTRADAY TRADE
Astral: Buy above 404 for targets of 409, 420 SL 397
Ceatltd: Buy above 315 for targets of 318, 323 SL 311

SCORE SHEET
Cadilahc: Buy above 910 for targets of 919, 935 SL 897: Target 936.40 done
TataSteel: Buy above 385 for targets of 389, 397 SL 379: Target 393.20 done

POSITIONAL TRADE
Voltas: Buy above 122 for target of 128 SL 119 (2-3 Days)
Ifci: Buy above 23.7 for target of 25.4 SL 23 (1 Week)

Thanks and Regards

MarketPulse S&P