Market outlook for 17/02/2014

Nifty closed up 47.25 points (0.79%) at 6048.35 while Nifty Future closed at 6058.00, premium of 9.65 points.
Bank Nifty closed up 68.05 points (0.67%) at 10203.75 while Future closed at 10239.90, premium of 36.15 points.

• FII sold in Cash (Net sell 15.86 Crore)
• FII sold in index future, index option but bought in stock future (Net sell 416.54 Crore)
• DII sold in Cash (Net sell 45.00 Crore)
• Most Active Nifty Call Option: 6000 and 6100.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 638:756.
• McClellan's oscillator for NSE at -22.

NIFTY TECHNICAL

Current Spot: 6048.35
Pivot: 6030
5DEMA: 6045
10DEMA: 6060
20DEMA: 6101
50DEMA: 6146
RSI (14 days): 42.18
Parabolic SAR: 6094
Supports: 6003 - 5958 - 5931
Resistance: 6075 - 6102 - 6147

Nifty Future VIX Range: 6011 - 6112
Nifty Future VWAP: 6030.01
MP Values Nifty Future: VAH - 6047, POC - 6023, VAL - 5999

TARGET NIFTY
Buy Nifty Future above 6063 - 6080 - 6105 - 6150 SL - 6035
Sell Nifty Future below 6029 - 6015 - 5975 - 5945 SL - 6047

BANKNIFTY TECHNICAL

Current Spot: 10203.75
Pivot: 10166
5DEMA: 10221
10DEMA: 10273
20DEMA: 10438
50DEMA: 10734
RSI (14 days): 38.09
Parabolic SAR: 10387
Supports: 10103 - 10001 - 9938
Resistance: 10267 - 10331 - 10432

Bank Nifty Future VIX Range: 10104 - 10396
Bank Nifty Future VWAP: 10168.61
MP Values Bank Nifty Future: VAH - 10203, POC - 10149, VAL - 10095

TARGET BANKNIFTY
Buy BankNifty Future above 10248 - 10305 - 10370 - 10480 SL - 10190
Sell BankNifty Future below 10179 - 10130 - 10035 - 9950 SL - 10204

INTRADAY TRADE
Infratel: Buy above 173.5 for targets of 175, 177.5 SL 171
TataElxsi: Buy above 448 for targets of 453, 462 SL 441

SCORE SHEET
TataElxsi: Buy above 418 for targets of 422, 430 SL 412: Target 449.90 done
Lovable: Buy above 353 for targets of 357, 366 SL 346: Call not Active

POSITIONAL TRADE
Balkrisind: Buy above 398 for target of 418 SL 388 (2-3 Days)
Spic: Buy above 11.5 for target of 12.5 SL 11.1 (1 Week)

Thanks and Regards

MarketPulse S&P