Market outlook for 12/02/2014

Nifty closed up 9.25 points (0.15%) at 6062.70 while Nifty Future closed at 6072.75, premium of 10.05 points.
Bank Nifty closed up 31.55 points (0.31%) at 10245.45 while Future closed at 10263.60, premium of 18.15 points.

• FII sold in Cash (Net sell 165.40 Crore)
• FII sold in index future but bought in index option, stock future (Net sell 199.34 Crore)
• DII bought in Cash (Net buy 242.37 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 649:761.
• McClellan's oscillator for NSE at -05.

NIFTY TECHNICAL

Current Spot: 6062.70
Pivot: 6066
5DEMA: 6055
10DEMA: 6075
20DEMA: 6121
50DEMA: 6161
RSI (14 days): 40.45
Parabolic SAR: 6127
Supports: 6050 - 6037 - 6021
Resistance: 6079 - 6095 - 6107

Nifty Future VIX Range: 6030 - 6124
Nifty Future VWAP: 6078.28
MP Values Nifty Future: VAH - 6083, POC - 6076, VAL - 6069

TARGET NIFTY
Buy Nifty Future above 6079 - 6086 - 6100 - 6130 SL - 6069
Sell Nifty Future below 6067 - 6060 - 6045 - 6015 SL - 6077

BANKNIFTY TECHNICAL

Current Spot: 10245.45
Pivot: 10248
5DEMA: 10239
10DEMA: 10316
20DEMA: 10513
50DEMA: 10793
RSI (14 days): 36.16
Parabolic SAR: 10533
Supports: 10198 - 10151 - 10102
Resistance: 10295 - 10344 - 10391

Bank Nifty Future VIX Range: 10120 - 10408
Bank Nifty Future VWAP: 10275.72
MP Values Bank Nifty Future: VAH - 10297, POC - 10276, VAL - 10255

TARGET BANKNIFTY
Buy BankNifty Future above 10277 - 10305 - 10350 - 10430 SL - 10255
Sell BankNifty Future below 10253 - 10215 - 10170 - 10090 SL - 10276

INTRADAY TRADE
Muthootfin: Buy above 162 for targets of 164, 169 SL 158
Bharatforg: Buy above 371 for targets of 375, 383 SL 363

SCORE SHEET
Astral: Buy above 404 for targets of 409, 420 SL 397: Target 409.95 done
Ceatltd: Buy above 315 for targets of 318, 323 SL 311: Target 325.85 done

POSITIONAL TRADE
Bajajelec: Buy above 230 for target of 245 SL 224 (2-3 Days)
Manappuram: Buy above 23.8 for target of 25.8 SL 23 (1 Week)

Thanks and Regards

MarketPulse S&P