Market outlook for 20/02/2014

Nifty closed up 25.65 points (0.42%) at 6152.75 while Nifty Future closed at 6159.05, premium of 6.30 points.
Bank Nifty closed up 34.40 points (0.33%) at 10609.60 while Future closed at 10621.60, premium of 12.00 points.

• FII bought in Cash (Net buy 468.47 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 467.50 Crore)
• DII sold in Cash (Net sell 338.74 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 777:652.
• McClellan's oscillator for NSE at -1.

NIFTY TECHNICAL

Current Spot: 6152.75
Pivot: 6146
5DEMA: 6103
10DEMA: 6089
20DEMA: 6106
50DEMA: 6153
RSI (14 days): 53.30
Parabolic SAR: 5938
Supports: 6132 - 6112 - 6098
Resistance: 6167 - 6181 - 6201

Nifty Future VIX Range: 6117 - 6215
Nifty Future VWAP: 6146.35
MP Values Nifty Future: VAH – 6153, POC - 6145, VAL - 6137

TARGET NIFTY
Buy Nifty Future above 6164 - 6175 - 6190 - 6210 SL - 6145
Sell Nifty Future below 6143 - 6132 - 6120 - 6100 SL - 6155

BANKNIFTY TECHNICAL

Current Spot: 10609.60
Pivot: 10587
5DEMA: 10445
10DEMA: 10386
20DEMA: 10458
50DEMA: 10734
RSI (14 days): 52.49
Parabolic SAR: 9958
Supports: 10543 - 10477 - 10433
Resistance: 10653 - 10697 - 10763

Bank Nifty Future VIX Range: 10484 - 10786
Bank Nifty Future VWAP: 10585.17
MP Values Bank Nifty Future: VAH - 10615, POC - 10586, VAL - 10557

TARGET BANKNIFTY
Buy BankNifty Future above 10630 - 10665 - 10720 - 10800 SL - 10585
Sell BankNifty Future below 10577 - 10545 - 10470 - 10420 SL - 10616

INTRADAY TRADE
Essdee: Buy above 720 for targets of 727, 744 SL 709
Adanient: Buy above 245 for targets of 248, 255 SL 239

SCORE SHEET
Hexaware: Buy above 162 for targets of 164, 170 SL 157: Call not active
Kotakbank: Buy above 683 for targets of 690, 703 SL 672: Target 688.40 done

POSITIONAL TRADE
Jisjaleqs: Buy above 60.2 for target of 63.2 SL 59.1 (2-3 Days)
Mcleodruss: Buy above 268 for target of 284 SL 259 (1 Week)

Thanks and Regards

MarketPulse S&P