Market outlook for 28/02/2014

Nifty closed up 38.75 points (0.62%) at 6238.80 while Nifty Future closed at 6272.75, premium of 33.95 points.
Bank Nifty closed up 63.65 points (0.60%) at 10730.40 while Future closed at 10778.25, premium of 47.85 points.

• FII bought in Cash (Net buy 511.15 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1914.37 Crore)
• DII sold in Cash (Net sell 251.91 Crore)
• Most Active Nifty Call Option: 6200 and 6100.
• Most Active Nifty Put Options: 6300 and 6400.
• Advance Decline for the day was 693:749.
• McClellan's oscillator for NSE at +10.

NIFTY TECHNICAL

Current Spot: 6238.80
Pivot: 6229
5DEMA: 6187
10DEMA: 6151
20DEMA: 6136
50DEMA: 6149
RSI (14 days): 60.74
Parabolic SAR: 6001
Supports: 6212 - 6185 - 6168
Resistance: 6256 - 6273 - 6300

Nifty Future VIX Range: 6225 - 6319
Nifty Future VWAP: 6263.59
MP Values Nifty Future: VAH – 6275, POC - 6265, VAL - 6255

TARGET NIFTY
Buy Nifty Future above 6277 - 6285 - 6300 - 6320 SL - 6264
Sell Nifty Future below 6255 - 6248 - 6232 - 6215 SL - 6275

BANKNIFTY TECHNICAL

Current Spot: 10730.40
Pivot: 10716
5DEMA: 10634
10DEMA: 10547
20DEMA: 10524
50DEMA: 10697
RSI (14 days): 56.29
Parabolic SAR: 10137
Supports: 10674 - 10617 - 10574
Resistance: 10773 - 10816 - 10872

Bank Nifty Future VIX Range: 10631 - 10917
Bank Nifty Future VWAP: 10688.40
MP Values Bank Nifty Future: VAH - 10786, POC - 10767, VAL - 10748

TARGET BANKNIFTY
Buy BankNifty Future above 10786 - 10810 - 10850 - 10910 SL - 10764
Sell BankNifty Future below 10748 - 10730 - 10690 - 10645 SL - 10781

INTRADAY TRADE
Itc: Buy above 329 for targets of 332, 336 SL 325
Bhel: Buy above 163 for targets of 165, 168 SL 160

SCORE SHEET
TataSponge: Buy above 435 for targets of 439, 448 SL 429: Target 444.00 done
Bajajelec: Buy above 249 for targets of 252, 257 SL 245: Target 257.80 done

POSITIONAL TRADE
Ktkbank: Buy above 102 for target of 106 SL 100 (2-3 Days)
Adanipower: Buy above 36.5 for target of 40 SL 35.8 (1 Week)

Thanks and Regards

MarketPulse S&P