Market outlook for 25/02/2014

Nifty closed up 30.65 points (0.50%) at 6186.10 while Nifty Future closed at 6193.20, premium of 7.10 points.
Bank Nifty closed up 129.15 points (1.22%) at 10683.50 while Future closed at 10695.50, premium of 12.00 points.

• FII bought in Cash (Net buy 266.87 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 882.48 Crore)
• DII sold in Cash (Net sell 248.49 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 733:698.
• McClellan's oscillator for NSE at +11.

NIFTY TECHNICAL

Current Spot: 6196.95
Pivot: 6170
5DEMA: 6141
10DEMA: 6117
20DEMA: 6117
50DEMA: 6147
RSI (14 days): 56.18
Parabolic SAR: 5965
Supports: 6147 - 6109 - 6086
Resistance: 6208 - 6231 - 6269

Nifty Future VIX Range: 6148 - 6246
Nifty Future VWAP: 6173.55
MP Values Nifty Future: VAH – 6199, POC - 6187, VAL - 6160

TARGET NIFTY
Buy Nifty Future above 6199 - 6211 - 6230 - 6265 SL - 6173
Sell Nifty Future below 6170 - 6160 - 6135 - 6105 SL - 6187

BANKNIFTY TECHNICAL

Current Spot: 10683.50
Pivot: 10622
5DEMA: 10546
10DEMA: 10470
20DEMA: 10486
50DEMA: 10710
RSI (14 days): 54.80
Parabolic SAR: 10038
Supports: 10533 - 10382 - 10293
Resistance: 10773 - 10862 - 11013

Bank Nifty Future VIX Range: 10550 - 10850
Bank Nifty Future VWAP: 10612.32
MP Values Bank Nifty Future: VAH - 10661, POC - 10530, VAL - 10483

TARGET BANKNIFTY
Buy BankNifty Future above 10704 - 10785 - 10875 - 10995 SL - 10612
Sell BankNifty Future below 10610 - 10545 - 10385 - 10290 SL - 10662

INTRADAY TRADE
Onelifecap: Buy above 203 for targets of 206, 210 SL 199
Muthootfin: Buy above 165 for targets of 167, 172 SL 162

SCORE SHEET
Nucleas: Buy above 208 for targets of 210, 214 SL 204: Target 215.90 done
Ambujacem: Buy above 163 for targets of 165, 170 SL 159: Target 164.75 done

POSITIONAL TRADE
Persistent: Buy above 1130 for target of 1170 SL 1112 (2-3 Days)
Ansalapi: Buy above 19.7 for target of 22 SL 19.5 (1 Week)

Thanks and Regards

MarketPulse S&P