Market outlook for 18/02/2014

Nifty closed up 24.95 points (0.41%) at 6073.30 while Nifty Future closed at 6091.20, premium of 17.90 points.
Bank Nifty closed up 122.80 points (1.20%) at 10326.55 while Future closed at 10342.40, premium of 15.85 points.

• FII bought in Cash (Net buy 522.82 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 239.42 Crore)
• DII sold in Cash (Net sell 245.17 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 582:824.
• McClellan's oscillator for NSE at -24.

NIFTY TECHNICAL

Current Spot: 6073.30
Pivot: 6064
5DEMA: 6054
10DEMA: 6063
20DEMA: 6099
50DEMA: 6153
RSI (14 days): 44.84
Parabolic SAR: 6081
Supports: 6048 - 6022 - 6005
Resistance: 6090 - 6106 - 6132

Nifty Future VIX Range: 6048 - 6148
Nifty Future VWAP: 6077.07
MP Values Nifty Future: VAH - 6085, POC - 6076, VAL - 6067

TARGET NIFTY
Buy Nifty Future above 6096 - 6110 - 6130 - 6160 SL - 6075
Sell Nifty Future below 6067 - 6060 - 6030 - 6010 SL - 6086

BANKNIFTY TECHNICAL

Current Spot: 10326.55
Pivot: 10297
5DEMA: 10256
10DEMA: 10283
20DEMA: 10428
50DEMA: 10742
RSI (14 days): 42.86
Parabolic SAR: 10358
Supports: 10236 - 10145 - 10083
Resistance: 10388 - 10449 - 10540

Bank Nifty Future VIX Range: 10211 - 10502
Bank Nifty Future VWAP: 10288.44
MP Values Bank Nifty Future: VAH - 10304, POC - 10273, VAL - 10242

TARGET BANKNIFTY
Buy BankNifty Future above 10350 - 10400 - 10460 - 10560 SL - 10303
Sell BankNifty Future below 10292 - 10250 - 10155 - 10090 SL - 10323

INTRADAY TRADE
Finpipe: Buy above 186 for targets of 188, 194 SL 182
Voltas: Buy above 122 for targets of 123.5, 126 SL 120

SCORE SHEET
Infratel: Buy above 173.5 for targets of 175, 177.5 SL 171: Target 176.00 done
TataElxsi: Buy above 448 for targets of 453, 462 SL 441: Target 465.80 done

POSITIONAL TRADE
Avanti: Buy above 418 for target of 448 SL 405 (2-3 Days)
Idfc: Buy above 97.5 for target of 105 SL 94.5 (1 Week)

Thanks and Regards

MarketPulse S&P