Market outlook for 13/11/2014

Nifty closed up 20.65 points (0.25%) at 8383.30 while Future closed at 8418.80, premium of 35.50 points.
Bank Nifty closed up 196.85 points (1.13%) at 17587.05 while Future closed at 17680.15, premium of 93.10 points.

• FII bought in Cash (Net buy 459.47 Crore)
• FII bought in index future, index option, and in stock future (Net buy 1924.06 Crore)
• DII sold in Cash (Net sell 559.44 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8400 and 8300.
• Advance Decline for the day was 776:781.
• McClellan's oscillator for NSE at +26.

NIFTY TECHNICAL

Current Spot: 8383.30
Pivot: 8390
5DEMA: 8343
10DEMA: 8269
20DEMA: 8164
50DEMA: 8040
RSI (14 days): 74.14
Parabolic SAR: 8199
Supports: 8364 - 8345 - 8320
Resistance: 8409 - 8434 - 8453

Nifty Future VWAP: 8424.90
Nifty Future VIX Range: 8346 - 8480
MP Values Nifty Future: VAH - 8441, POC - 8429, VAL - 8417

TARGET NIFTY
Buy Nifty Future above 8429 - 8440 - 8465 - 8485 SL - 8417
Sell Nifty Future below 8409 - 8400 - 8380 - 8360 SL - 8427

BANKNIFTY TECHNICAL

Current Spot: 17587.05
Pivot: 17559
5DEMA: 17363
10DEMA: 17124
20DEMA: 16749
50DEMA: 16216
RSI (14 days): 76.81
Parabolic SAR: 17136
Supports: 17482 - 17376 - 17299
Resistance: 17664 - 17741 - 17847

Bank Nifty Future VWAP: 17642.32
Bank Nifty Future VIX Range: 17461 - 17889
MP Values Bank Nifty Future: VAH - 17728, POC - 17666, VAL - 17603

TARGET BANKNIFTY
Buy BankNifty Future above 17693 - 17750 - 17830 - 17950 SL - 17637
Sell BankNifty Future below 17619 - 17575 - 17465 - 17380 SL - 17666

INTRADAY TRADE
Lichsgfin: Buy above 413 for targets of 417, 425 SL 407
Axisbank: Buy above 482 for targets of 486, 492 SL 477

SCORE SHEET
TataSteel: Buy above 483 for targets of 487, 492 SL 477: Call not active
Idfc: Buy above 156 for targets of 157.5, 160 SL 153.8: Target 159.65 done

POSITIONAL TRADE
Adaniports: Buy above 302 for target of 311 SL 299 (2-3 Days)
Jindcot: Buy above 14.9 for target of 16.5 SL 14.3 (1 Week)

Thanks and Regards

MarketPulse S&P