Market outlook for 26/02/2014

Nifty closed up 13.95 points (0.23%) at 6200.05 while Nifty Future closed at 6209.05, premium of 9.00 points.
Bank Nifty closed down 16.75 points (0.16%) at 10666.75 while Future closed at 10673.35, premium of 6.60 points.

• FII bought in Cash (Net buy 423.41 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1890.77 Crore)
• DII sold in Cash (Net sell 289.12 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 668:753.
• McClellan's oscillator for NSE at +10.

NIFTY TECHNICAL

Current Spot: 6200.05
Pivot: 6198
5DEMA: 6161
10DEMA: 6132
20DEMA: 6125
50DEMA: 6149
RSI (14 days): 57.38
Parabolic SAR: 5980
Supports: 6179 - 6158 - 6139
Resistance: 6219 - 6238 - 6259

Nifty Future VIX Range: 6157 - 6253
Nifty Future VWAP: 6204.39
MP Values Nifty Future: VAH – 6217, POC - 6205, VAL - 6193

TARGET NIFTY
Buy Nifty Future above 6217 - 6230 - 6245 - 6270 SL - 6193
Sell Nifty Future below 6192 - 6180 - 6165 - 6140 SL - 6207

BANKNIFTY TECHNICAL

Current Spot: 10666.75
Pivot: 10682
5DEMA: 10586
10DEMA: 10506
20DEMA: 10503
50DEMA: 10708
RSI (14 days): 54.21
Parabolic SAR: 10082
Supports: 10596 - 10525 - 10439
Resistance: 10753 - 10840 - 10910

Bank Nifty Future VIX Range: 10516 - 10806
Bank Nifty Future VWAP: 10688.40
MP Values Bank Nifty Future: VAH - 10734, POC - 10692, VAL - 10650

TARGET BANKNIFTY
Buy BankNifty Future above 10736 - 10805 - 10895 - 11000 SL - 10685
Sell BankNifty Future below 10657 - 10545 - 10395 - 10270 SL - 10735

INTRADAY TRADE
TataSponge: Buy above 435 for targets of 439, 448 SL 429
Bajajelec: Buy above 249 for targets of 252, 257 SL 245

SCORE SHEET
Onelifecap: Buy above 203 for targets of 206, 210 SL 199: Target 209.60 done
Muthootfin: Buy above 165 for targets of 167, 172 SL 162: Target 172.25 done

POSITIONAL TRADE
Mahindugin: Buy above 160 for target of 168 SL 157 (2-3 Days)
Vinylindia: Buy above 15.8 for target of 17 SL 15.5 (1 Week)

Thanks and Regards

MarketPulse S&P