Market outlook for 19/02/2014

Nifty closed up 53.80 points (0.89%) at 6127.10 while Nifty Future closed at 6138.80, premium of 11.70 points.
Bank Nifty closed up 248.65 points (2.41%) at 10575.20 while Future closed at 10571.95, discount of 3.25 points.

• FII bought in Cash (Net buy 292.23 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1247.23 Crore)
• DII sold in Cash (Net sell 154.83 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 807:601.
• McClellan's oscillator for NSE at -10.

NIFTY TECHNICAL

Current Spot: 6127.10
Pivot: 6112
5DEMA: 6079
10DEMA: 6074
20DEMA: 6101
50DEMA: 6152
RSI (14 days): 50.76
Parabolic SAR: 5933
Supports: 6082 - 6037 - 6007
Resistance: 6157 - 6187 - 6232

Nifty Future VIX Range: 6081 - 6182
Nifty Future VWAP: 6133.69
MP Values Nifty Future: VAH - 6152, POC - 6132, VAL - 6112

TARGET NIFTY
Buy Nifty Future above 6143 - 6165 - 6190 - 6230 SL - 6123
Sell Nifty Future below 6116 - 6000 - 6065 - 6030 SL - 6132

BANKNIFTY TECHNICAL

Current Spot: 10575.20
Pivot: 10497
5DEMA: 10362
10DEMA: 10336
20DEMA: 10442
50DEMA: 10736
RSI (14 days): 51.44
Parabolic SAR: 9944
Supports: 10375 - 10174 - 10052
Resistance: 10697 - 10819 - 11020

Bank Nifty Future VIX Range: 10402 - 10711
Bank Nifty Future VWAP: 10523.30
MP Values Bank Nifty Future: VAH - 10619, POC - 10566, VAL - 10425

TARGET BANKNIFTY
Buy BankNifty Future above 10580 - 10670 - 10780 - 10900 SL - 10495
Sell BankNifty Future below 10486 - 10395 - 10295 - 10160 SL - 10566

INTRADAY TRADE
Hexaware: Buy above 162 for targets of 164, 170 SL 157
Kotakbank: Buy above 683 for targets of 690, 703 SL 672

SCORE SHEET
Finpipe: Buy above 186 for targets of 188, 194 SL 182: Target 188.80 done
Voltas: Buy above 122 for targets of 123.5, 126 SL 120: Target 123.45 done

POSITIONAL TRADE
Tv18brdcst: Buy above 21.2 for target of 21.8 SL 21 (2-3 Days)
Spic: Buy above 13 for target of 14.2 SL 12.7 (1 Week)

Thanks and Regards

MarketPulse S&P