Market outlook for 07/11/2013

Nifty closed down 38.00 points (0.61%) at 6215.15 while Nifty Future closed at 6259.15, premium of 44.00 points.
Bank Nifty closed down 206.35 points (1.79%) at 11292.55 while Future closed at 11376.75, premium of 84.20 points.

• FII bought in Cash (Net buy 271.70 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 772.41 Crore)
• DII sold in Cash (Net sell 545.20 Crore)
• Most Active Nifty Call Option: 6300 and 6400.
• Most Active Nifty Put Options: 6300 and 6200.
• Advance Decline for the day was 713:635.
• McClellan's oscillator for NSE at +39.

NIFTY TECHNICAL

Current Spot: 6215.15
Pivot: 6231
5DEMA: 6251
10DEMA: 6229
20DEMA: 6159
50DEMA: 5976
RSI (14 days): 58.90
Parabolic SAR: 6145
Supports: 6193 - 6170- 6132
Resistance: 6254 - 6292 - 6315

Nifty Future VIX Range: 6193 - 6334
Nifty Future VWAP: 6279.22
MP Values Nifty Future: VAH - 6294, POC - 6280, VAL - 6266

TARGET NIFTY
Buy Nifty Future above 6280 - 6295 - 6320 - 6345 SL - 6266
Sell Nifty Future below 6250 - 6240 - 6220 - 6190 SL - 6277

BANKNIFTY TECHNICAL

Current Spot: 11292.55
Pivot: 11358
5DEMA: 11400
10DEMA: 11263
20DEMA: 10987
50DEMA: 10500
RSI (14 days): 61.31
Parabolic SAR: 11270
Supports: 11205 - 11117 - 10964
Resistance: 11445 - 11598 - 11686

Bank Nifty Future VIX Range: 11140 - 11630
Bank Nifty Future VWAP: 11460.54
MP Values Bank Nifty Future: VAH - 11520, POC - 11459, VAL - 11398

TARGET BANKNIFTY
Buy BankNifty Future above 11460 - 11535 - 11630 - 11750 SL - 11397
Sell BankNifty Future below 11360 - 11295 - 11200 - 11070 SL - 11459

INTRADAY TRADE
Reliance: Buy above 908 for targets of 912, 921 SL 902
Reliance: Sell below 895 for targets of 891, 880 SL 907
Ceatltd: Buy above 222 for targets of 225, 230 SL 219
Erosmedia: Buy above 192 for targets of 195, 200 SL 188

SCORE SHEET

POSITIONAL TRADE
Mothersumi: Buy above 286 for target of 296 SL 282 (2-3 Days)
SreiInfra: Buy above 22.9 for target of 24.5 SL 22.5 (1 Week)

Thanks and Regards

MarketPulse S&P