Market outlook for 21/02/2014

Nifty closed down 61.30 points (1.00%) at 6091.45 while Nifty Future closed at 6107.95, premium of 16.50 points.
Bank Nifty closed down 181.30 points (1.71%) at 10428.30 while Future closed at 10450.25, premium of 21.95 points.

• FII bought in Cash (Net buy 206.46 Crore)
• FII sold in index future, stock future but bought small in index option (Net sell 653.52 Crore)
• DII sold in Cash (Net sell 600.71 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 558:851.
• McClellan's oscillator for NSE at -8.

NIFTY TECHNICAL

Current Spot: 6091.45
Pivot: 6102
5DEMA: 6099
10DEMA: 6089
20DEMA: 6105
50DEMA: 6145
RSI (14 days): 47.20
Parabolic SAR: 5947
Supports: 6076 - 6060 - 6033
Resistance: 6118 - 6145 - 6161

Nifty Future VIX Range: 6059 - 6157
Nifty Future VWAP: 6120.24
MP Values Nifty Future: VAH – 6133, POC - 6124, VAL - 6115

TARGET NIFTY
Buy Nifty Future above 6124 - 6133 - 6150 - 6170 SL - 6114
Sell Nifty Future below 6099 - 6090 - 6075 - 6055 SL - 6122

BANKNIFTY TECHNICAL

Current Spot: 10428.30
Pivot: 10458
5DEMA: 10439
10DEMA: 10393
20DEMA: 10455
50DEMA: 10706
RSI (14 days): 46.90
Parabolic SAR: 9985
Supports: 10390 - 10351 - 10283
Resistance: 10496 - 10564 - 10603

Bank Nifty Future VIX Range: 10298 - 10598
Bank Nifty Future VWAP: 10476.38
MP Values Bank Nifty Future: VAH - 10501, POC - 10473, VAL - 10445

TARGET BANKNIFTY
Buy BankNifty Future above 10488 - 10525 - 10600 - 10680 SL - 10472
Sell BankNifty Future below 10439 - 10405 - 10355 - 10280 SL - 10485

INTRADAY TRADE
Finantech: Buy above 342 for targets of 347, 355 SL 335
Centurytex: Buy above 313 for targets of 316, 323 SL 307

SCORE SHEET
Essdee: Buy above 720 for targets of 727, 744 SL 709: Target 726.90 done
Adanient: Buy above 245 for targets of 248, 255 SL 239: Target 252.75 done

POSITIONAL TRADE
Nucleus: Buy above 198 for target of 210 SL 194 (2-3 Days)
Hoteleela: Buy above 16.3 for target of 18 SL 15.9 (1 Week)

Thanks and Regards

MarketPulse S&P