Market outlook for 11/10/2013

Nifty closed up 13.50 points (0.22%) at 6020.95 while Nifty Future closed at 6059.80, premium of 38.85 points.
Bank Nifty closed down 46.00 points (0.45%) at 10288.95 while Future closed at 10363.60, premium of 74.65 points.

• FII bought in Cash (Net buy 614.27 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 871.39 Crore)
• DII sold in Cash (Net sell 460.47 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 5900 and 5800.
• Advance Decline for the day was 765:547.
• McClellan's oscillator for NSE at +45.

NIFTY TECHNICAL

Current Spot: 6020.95
Pivot: 6012
5DEMA: 5962
10DEMA: 5923
20DEMA: 5868
50DEMA: 5792
RSI (14 days): 62.17
Parabolic SAR: 5708
Supports: 5989 - 5957- 5935
Resistance: 6043 - 6066 - 6097

Nifty Future VIX Range: 5980 - 6161
Nifty Future VWAP: 6043.55
MP Values Nifty Future: VAH - 6055, POC - 6041, VAL - 6027

TARGET NIFTY
Buy Nifty Future above 6064 - 6084 - 6110 - 6150 SL - 6040
Sell Nifty Future below 6037 - 6022 - 5985 - 5955 SL - 6056

BANKNIFTY TECHNICAL

Current Spot: 10288.95
Pivot: 10287
5DEMA: 10216
10DEMA: 10168
20DEMA: 10104
50DEMA: 10133
RSI (14 days): 54.09
Parabolic SAR: 10450
Supports: 10202 - 10114 - 10029
Resistance: 10374 - 10459 - 10547

Bank Nifty Future VIX Range: 10110 - 10658
Bank Nifty Future VWAP: 10343.73
MP Values Bank Nifty Future: VAH - 10385, POC - 10343, VAL - 10301

TARGET BANKNIFTY
Buy BankNifty Future above 10385 - 10445 - 10530 - 10625 SL - 10343
Sell BankNifty Future below 10337 - 10270 - 10175 - 10085 SL - 10363

INTRADAY TRADE
Reliance: Buy above 862 for targets of 869, 879 SL 855
Reliance: Sell below 853 for targets of 846, 839 SL 859
Aplltd: Buy above 176 for targets of 179, 185 SL 171
TataMotors: Buy above 374 for targets of 378, 385 SL 366

SCORE SHEET
Lovable: Buy above 320 for targets of 325, 335 SL 314: Target 324.90 done
Eclerx: Buy above 990 for targets of 1000, 1021 SL 979: Target 1035.00 done

POSITIONAL TRADE
Jswhl: Buy above 406 for target of 422 SL 396 (2-3 Days)
Gmdcltd: Buy above 103 for target of 110 SL 100 (1 Week)

Thanks and Regards

MarketPulse S&P