Market outlook for 08/11/2013

Nifty closed down 27.90 points (0.45%) at 6187.25 while Nifty Future closed at 6227.30, premium of 40.05 points.
Bank Nifty closed down 237.65 points (2.10%) at 11054.90 while Future closed at 11148.30, premium of 93.40 points.

• FII bought in Cash (Net buy 479.24 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 308.34 Crore)
• DII sold in Cash (Net sell 715.07 Crore)
• Most Active Nifty Call Option: 6300 and 6400.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 504:867.
• McClellan's oscillator for NSE at +19.

NIFTY TECHNICAL

Current Spot: 6187.25
Pivot: 6219
5DEMA: 6230
10DEMA: 6221
20DEMA: 6162
50DEMA: 5982
RSI (14 days): 56.22
Parabolic SAR: 6161
Supports: 6149 - 6111- 6041
Resistance: 6257 - 6327 - 6365

Nifty Future VIX Range: 6158 - 6294
Nifty Future VWAP: 6274.80
MP Values Nifty Future: VAH - 6337, POC - 6325, VAL - 6259

TARGET NIFTY
Buy Nifty Future above 6260 - 6285 - 6320 - 6355 SL - 6239
Sell Nifty Future below 6218 - 6195 - 6160 - 6120 SL - 6259

BANKNIFTY TECHNICAL

Current Spot: 11054.90s
Pivot: 11159
5DEMA: 11285
10DEMA: 11225
20DEMA: 10994
50DEMA: 10526
RSI (14 days): 54.70
Parabolic SAR: 11736
Supports: 10920 - 10786 - 10546
Resistance: 11294 - 11533 - 11668

Bank Nifty Future VIX Range: 10891 - 11368
Bank Nifty Future VWAP: 11318.06
MP Values Bank Nifty Future: VAH - 11415, POC - 11298, VAL - 11181

TARGET BANKNIFTY
Buy BankNifty Future above 11265 - 11365 - 11500 - 11650 SL - 11181
Sell BankNifty Future below 11135 - 11035 - 10900 - 10750 SL - 11261

INTRADAY TRADE
Reliance: Buy above 896 for targets of 900, 913 SL 889
Reliance: Sell below 882 for targets of 878, 866 SL 893
Polaris: Buy above 155 for targets of 156, 158 SL 153
Cesc: Buy above 398 for targets of 403, 410 SL 394

SCORE SHEET
Ceatltd: Buy above 222 for targets of 225, 230 SL 219: SL Hit
Erosmedia: Buy above 192 for targets of 195, 200 SL 188: Target 193.70 done

POSITIONAL TRADE
TataSteel: Buy above 348 for target of 359 SL 342 (2-3 Days)
Sail: Buy above 65.60 for target of 71 SL 64.10 (1 Week)

Thanks and Regards

MarketPulse S&P