Market outlook for 06/03/2014

Nifty closed up 30.70 points (0.49%) at 6328.65 while Nifty Future closed at 6352.30, premium of 23.65 points.
Bank Nifty closed up 269.75 points (1.55%) at 11098.80 while Future closed at 11118.55, premium of 19.75 points.

• FII bought in Cash (Net buy 737.29 Crore)
• FII bought in index future, stock future but sold in index option (Net buy 648.05 Crore)
• DII sold in Cash (Net sell 201.85 Crore)
• Most Active Nifty Call Option: 6300 and 6400.
• Most Active Nifty Put Options: 6300 and 6200.
• Advance Decline for the day was 834:594.
• McClellan's oscillator for NSE at +30.

NIFTY TECHNICAL

Current Spot: 6328.65
Pivot: 6318
5DEMA: 6273
10DEMA: 6226
20DEMA: 6185
50DEMA: 6182
RSI (14 days): 64.50
Parabolic SAR: 6123
Supports: 6299 - 6269 - 6250
Resistance: 6347 - 6366 - 6396

Nifty Future VIX Range: 6296 - 6398
Nifty Future VWAP: 6336.77
MP Values Nifty Future: VAH – 6352, POC – 6339, VAL - 6326

TARGET NIFTY
Buy Nifty Future above 6357 - 6370 - 6390 - 6425 SL - 6337
Sell Nifty Future below 6331 - 6320 - 6300 - 6265 SL - 6352

BANKNIFTY TECHNICAL

Current Spot: 11098.80
Pivot: 11040
5DEMA: 10870
10DEMA: 10738
20DEMA: 10642
50DEMA: 10779
RSI (14 days): 64.36
Parabolic SAR: 10446
Supports: 10958 - 10817 - 10735
Resistance: 11181 - 11263 - 11404

Bank Nifty Future VIX Range: 10942 - 11258
Bank Nifty Future VWAP: 11020.32
MP Values Bank Nifty Future: VAH - 11067, POC - 10975, VAL - 10916

TARGET BANKNIFTY
Buy BankNifty Future above 11126 - 11210 - 11300 - 11420 SL - 11047
Sell BankNifty Future below 11036 - 10965 - 10870 - 10750 SL - 11068

INTRADAY TRADE
Ceatltd: Buy above 326 for targets of 329, 335 SL 321
BankBaroda: Buy above 616 for targets of 621, 630 SL 608

SCORE SHEET
Centurytex: Buy above 333 for targets of 336, 342 SL 327: Target 335.70 done
Bajajelec: Buy above 263 for targets of 266, 273 SL 258: Target 268.00 done

POSITIONAL TRADE
JustDial: Buy above 1690 for target of 1780 SL 1645 (2-3 Days)
Southbank: Buy above 23.0 for target of 24.5 SL 22.2 (1 Week)

Thanks and Regards

MarketPulse S&P