Market outlook for 05/11/2013

Nifty closed up 8.05 points (0.13%) at 6307.20 while Nifty Future closed at 6358.70, premium of 51.50 points.
Bank Nifty closed up 155.50 points (1.36%) at 11628.65 while Future closed at 11731.30, premium of 102.65 points.

• FII bought in Cash (Net buy 186.95 Crore)
• FII bought in index future, index option and stock future (Net buy 1434.08 Crore)
• DII sold in Cash (Net sell 422.70 Crore)
• Most Active Nifty Call Option: 6400 and 6500.
• Most Active Nifty Put Options: 6300 and 6200.
• Advance Decline for the day was 878:483.
• McClellan's oscillator for NSE at +20.

NIFTY TECHNICAL

Current Spot: 6307.20
Pivot: 6309
5DEMA: 6255
10DEMA: 6207
20DEMA: 6125
50DEMA: 5957
RSI (14 days): 68.81
Parabolic SAR: 6094
Supports: 6285 - 6263- 6240
Resistance: 6331 - 6355 - 6377

Nifty Future VIX Range: 6282 - 6434
Nifty Future VWAP: 6350.19
MP Values Nifty Future: VAH - 6357, POC - 6347, VAL - 6337

TARGET NIFTY
Buy Nifty Future above 6363 - 6380 - 6400 - 6435 SL - 6344
Sell Nifty Future below 6337 - 6320 - 6300 - 6270 SL - 6350

BANKNIFTY TECHNICAL

Current Spot: 11628.65
Pivot: 11589
5DEMA: 11338
10DEMA: 11111
20DEMA: 10824
50DEMA: 10418
RSI (14 days): 71.99
Parabolic SAR: 11009
Supports: 11483 - 11338 - 11233
Resistance: 11734 - 11840 - 11985

Bank Nifty Future VIX Range: 11439 - 11975
Bank Nifty Future VWAP: 11692.01
MP Values Bank Nifty Future: VAH - 11736, POC - 11674, VAL - 11612

TARGET BANKNIFTY
Buy BankNifty Future above 11740 - 11850 - 12000 - 12200 SL - 11612
Sell BankNifty Future below 11610 - 11500 - 11350 - 11150 SL - 11675

INTRADAY TRADE
Reliance: Buy above 917 for targets of 922, 931 SL 910
Reliance: Sell below 904 for targets of 900, 891 SL 915
Jindalstel: Buy above 251 for targets of 254, 259 SL 247
BankIndia: Buy above 224 for targets of 226, 230 SL 220

SCORE SHEET
Bankbaroda: Buy above 648 for targets of 655, 668 SL 637: Target 696.00 done
Mothersumi: Buy above 271 for targets of 274, 280 SL 266: Target 277.80 done

POSITIONAL TRADE
Rcom: Buy above 153 for target of 162 SL 149 (2-3 Days)
Bajajhind: Buy above 14.1 for target of 15 SL 13.9 (1 Week)

Thanks and Regards

MarketPulse S&P