Market outlook for 13/03/2014

Nifty closed up 5.00 points (0.08%) at 6516.90 while Nifty Future closed at 6549.25, premium of 32.35 points.
Bank Nifty closed down 19.05 points (0.16%) at 12024.10 while Future closed at 12090.60, premium of 66.50 points.

• FII bought in Cash (Net buy 864.35 Crore)
• FII sold in index future, stock future, and index option (Net sell 1098.59 Crore)
• DII sold in Cash (Net sell 821.97 Crore)
• Most Active Nifty Call Option: 6600 and 6700.
• Most Active Nifty Put Options: 6500 and 6400.
• Advance Decline for the day was 677:793.
• McClellan's oscillator for NSE at +24.

NIFTY TECHNICAL

Current Spot: 6516.90
Pivot: 6517
5DEMA: 6480
10DEMA: 6404
20DEMA: 6310
50DEMA: 6238
RSI (14 days): 72.30
Parabolic SAR: 6395
Supports: 6487 - 6458 - 6429
Resistance: 6546 - 6576 - 6605

Nifty Future VIX Range: 6495 - 6607
Nifty Future VWAP: 6545.08
MP Values Nifty Future: VAH - 6557, POC - 6541, VAL - 6525

TARGET NIFTY
Buy Nifty Future above 6557 - 6575 - 6605 - 6640 SL - 6541
Sell Nifty Future below 6538 - 6520 - 6490 - 6455 SL - 6554

BANKNIFTY TECHNICAL

Current Spot: 12024.10
Pivot: 12018
5DEMA: 11826
10DEMA: 11491
20DEMA: 11137
50DEMA: 10974
RSI (14 days): 76.01
Parabolic SAR: 11523
Supports: 11894 - 11763 - 11638
Resistance: 12149 - 12273 - 12404

Bank Nifty Future VIX Range: 11882 - 12318
Bank Nifty Future VWAP: 12081.07
MP Values Bank Nifty Future: VAH - 12138, POC - 12073, VAL - 12008

TARGET BANKNIFTY
Buy BankNifty Future above 12100 - 12205 - 12350 - 11500 SL - 12072
Sell BankNifty Future below 12068 - 11960 - 11820 - 10670 SL - 12095

INTRADAY TRADE
Den: Buy above 156 for targets of 158, 164 SL 153
Jktyre: Buy above 161 for targets of 163, 168 SL 158

SCORE SHEET
Gujratgas: Buy above 246 for targets of 249, 255 SL 241: Target 250.80 done
Enginersin: Buy above 178 for targets of 181, 185 SL 175: Target 184.55 done

POSITIONAL TRADE
Unitech: Buy above 12.9 for target of 13.5 SL 12.7 (2-3 Days)
Siticable: Buy above 20.2 for target of 22 SL 19.8 (1 Week)

Thanks and Regards

MarketPulse S&P