Market outlook for 17/11/2014

Nifty closed up 32.05 points (0.38%) at 8389.90 while Future closed at 8416.65, premium of 26.75 points.
Bank Nifty closed up 123.80 points (0.76%) at 17576.80 while Future closed at 17669.90, premium of 93.10 points.

• FII bought in Cash (Net buy 645.90 Crore)
• FII bought in index option, stock future but sold in index future (Net buy 647.99 Crore)
• DII sold in Cash (Net sell 517.51 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8400 and 8300.
• Advance Decline for the day was 829:717.
• McClellan's oscillator for NSE at +13.

NIFTY TECHNICAL

Current Spot: 8389.90
Pivot: 8379
5DEMA: 8362
10DEMA: 8304
20DEMA: 8203
50DEMA: 8080
RSI (14 days): 72.32
Parabolic SAR: 8277
Supports: 8358 - 8325 - 8304
Resistance: 8411 - 8433 - 8465

Nifty Future VWAP: 8400.93
Nifty Future VIX Range: 8351 - 8479
MP Values Nifty Future: VAH - 8413, POC - 8399, VAL - 8385

TARGET NIFTY
Buy Nifty Future above 8423 - 8435 - 8460 - 8490 SL - 8399
Sell Nifty Future below 8392 - 8385 - 8350 - 8325 SL - 8413

BANKNIFTY TECHNICAL

Current Spot: 17576.80
Pivot: 17529
5DEMA: 17454
10DEMA: 17255
20DEMA: 16890
50DEMA: 16356
RSI (14 days): 73.46
Parabolic SAR: 17321
Supports: 17458 - 17339 - 17267
Resistance: 17648 - 17720 - 17839

Bank Nifty Future VWAP: 17608.88
Bank Nifty Future VIX Range: 17463 - 17877
MP Values Bank Nifty Future: VAH - 17667, POC - 17612, VAL - 17557

TARGET BANKNIFTY
Buy BankNifty Future above 17683 - 17745 - 17830 - 17970 SL - 17606
Sell BankNifty Future below 17589 - 17540 - 17405 - 17315 SL - 17667

INTRADAY TRADE
Asianpaint: Buy above 676 for targets of 682, 692 SL 669
Hindalco: Buy above 158 for targets of 159.5, 163 SL 155

SCORE SHEET
Hexaware: Buy above 223 for targets of 225, 230 SL 219: Target 225.60 done
Upl: Buy above 360 for targets of 363, 369 SL 355: Target 365.40 done

POSITIONAL TRADE
Voltas: Buy above 273 for target of 283 SL 266 (2-3 Days)
Unitech: Buy above 21.0 for target of 23.5 SL 20.3 (1 Week)

Thanks and Regards

MarketPulse S&P