Market outlook for 24/02/2014

Nifty closed up 64.00 points (1.05%) at 6155.45 while Nifty Future closed at 6163.95, premium of 8.50 points.
Bank Nifty closed up 126.05 points (1.21%) at 10554.35 while Future closed at 10567.05, premium of 12.70 points.

• FII bought in Cash (Net buy 603.41 Crore)
• FII bought in index future, stock future and in index option (Net buy 407.75 Crore)
• DII sold in Cash (Net sell 381.55 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 847:554.
• McClellan's oscillator for NSE at +7.

NIFTY TECHNICAL

Current Spot: 6155.45
Pivot: 6141
5DEMA: 6118
10DEMA: 6101
20DEMA: 6109
50DEMA: 6137
RSI (14 days): 53.70
Parabolic SAR: 5955
Supports: 6122 - 6089 - 6071
Resistance: 6174 - 6193 - 6226

Nifty Future VIX Range: 6111 - 6211
Nifty Future VWAP: 6149.81
MP Values Nifty Future: VAH – 6165, POC - 6151, VAL - 6137

TARGET NIFTY
Buy Nifty Future above 6169 - 6180 - 6200 - 6230 SL - 6148
Sell Nifty Future below 6137 - 6125 - 6105 - 6080 SL - 6165

BANKNIFTY TECHNICAL

Current Spot: 10554.35
Pivot: 10523
5DEMA: 10478
10DEMA: 10423
20DEMA: 10464
50DEMA: 10682
RSI (14 days): 51.18
Parabolic SAR: 10010
Supports: 10461 - 10367 - 10305
Resistance: 10616 - 10678 - 10772

Bank Nifty Future VIX Range: 10393 - 10692
Bank Nifty Future VWAP: 10556.72
MP Values Bank Nifty Future: VAH - 10576, POC - 10548, VAL - 10520

TARGET BANKNIFTY
Buy BankNifty Future above 10576 - 10620 - 10675 - 10755 SL - 10536
Sell BankNifty Future below 10520 - 10490 - 10415 - 10350 SL - 10550

INTRADAY TRADE
Nucleas: Buy above 208 for targets of 210, 214 SL 204
Ambujacem: Buy above 163 for targets of 165, 170 SL 159

SCORE SHEET
Finantech: Buy above 342 for targets of 347, 355 SL 335: Target 352.40 done
Centurytex: Buy above 313 for targets of 316, 323 SL 307: Target 317.50 done

POSITIONAL TRADE
Dhfl: Buy above 217 for target of 225 SL 214 (2-3 Days)
Kei: Buy above 13.6 for target of 15 SL 13.1 (1 Week)

Thanks and Regards

MarketPulse S&P