Market outlook for 27/11/2014

Nifty closed up 12.65 points (0.15%) at 8475.75 while Future closed at 8479.40, premium of 3.65 points.
Bank Nifty closed down 61.10 points (0.34%) at 17975.95 while Future closed at 17984.65, premium of 8.70 points.

• FII bought in Cash (Net buy 181.46 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 68.85 Crore)
• DII sold in Cash (Net sell 314.64 Crore)
• Most Active Nifty Call Option: 8500 and 8550.
• Most Active Nifty Put Options: 8500 and 8400.
• Advance Decline for the day was 928:574.
• McClellan's oscillator for NSE at -30.

NIFTY TECHNICAL

Current Spot: 8475.75
Pivot: 8472
5DEMA: 8465
10DEMA: 8429
20DEMA: 8342
50DEMA: 8184
RSI (14 days): 67.89
Parabolic SAR: 8374
Supports: 8443 - 8410 - 8381
Resistance: 8504 - 8533 - 8566

Nifty Future VWAP: 8472.67
Nifty Future VIX Range: 8419 - 8534
MP Values Nifty Future: VAH - 8487, POC - 8462, VAL - 8444

TARGET NIFTY
Buy Nifty Future above 8487 - 8510 - 8540 - 8575 SL - 8472
Sell Nifty Future below 8462 - 8445 - 8415 - 8380 SL - 8486

BANKNIFTY TECHNICAL

Current Spot: 17975.95
Pivot: 17998
5DEMA: 17969
10DEMA: 17803
20DEMA: 17449
50DEMA: 16788
RSI (14 days): 68.87
Parabolic SAR: 17891
Supports: 17868 - 17761 - 17631
Resistance: 18106 - 18236 - 18343

Bank Nifty Future VWAP: 18012.33
Bank Nifty Future VIX Range: 17773 - 18186
MP Values Bank Nifty Future: VAH - 18067, POC - 17988, VAL - 17909

TARGET BANKNIFTY
Buy BankNifty Future above 18028 - 18110 - 18235 - 18360 SL - 17988
Sell BankNifty Future below 17958 - 17885 - 17775 - 17650 SL - 18024

INTRADAY TRADE
Relcapital: Buy above 504 for targets of 509, 520 SL 494
Dlf: Buy above 153 for targets of 155, 161 SL 149

SCORE SHEET
Ongc: Buy above 388 for targets of 391, 396 SL 383: Target 390.55 done
Dabur: Buy above 245 for targets of 248, 252 SL 241: Call not Active

POSITIONAL TRADE
Crompgreav: Buy above 205 for target of 213 SL 201 (2-3 Days)
Tatacoffee: Buy above 1010 for target of 1055 SL 991 (1 Week)

Thanks and Regards

MarketPulse S&P