Market outlook for 11/11/2013

Nifty closed down 46.50 points (0.75%) at 6140.75 while Nifty Future closed at 6186.60, premium of 45.85 points.
Bank Nifty closed down 141.75 points (1.28%) at 10913.15 while Future closed at 10988.40, premium of 75.25 points.

• FII bought in Cash (Net buy 412.03 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 737.70 Crore)
• DII sold in Cash (Net sell 915.63 Crore)
• Most Active Nifty Call Option: 6300 and 6400.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 552:801.
• McClellan's oscillator for NSE at +06.

NIFTY TECHNICAL

Current Spot: 6140.75
Pivot: 6149
5DEMA: 6200
10DEMA: 6207
20DEMA: 6160
50DEMA: 5993
RSI (14 days): 51.86
Parabolic SAR: 6343
Supports: 6113 - 6085- 6049
Resistance: 6177 - 6213 - 6241

Nifty Future VIX Range: 6116 - 6249
Nifty Future VWAP: 6196.33
MP Values Nifty Future: VAH - 6205, POC - 6191, VAL - 6177

TARGET NIFTY
Buy Nifty Future above 6205 - 6218 - 6250 - 6280 SL - 6190
Sell Nifty Future below 6177 - 6162 - 6135 - 6100 SL - 6196

BANKNIFTY TECHNICAL

Current Spot: 10913.15
Pivot: 10940
5DEMA: 11161
10DEMA: 11168
20DEMA: 10986
50DEMA: 10546
RSI (14 days): 51.13
Parabolic SAR: 11718
Supports: 10814 - 10715 - 10589
Resistance: 11040 - 11166 - 11265

Bank Nifty Future VIX Range: 10730 - 11191
Bank Nifty Future VWAP: 11035.38
MP Values Bank Nifty Future: VAH - 11077, POC - 11011, VAL - 10945

TARGET BANKNIFTY
Buy BankNifty Future above 11031 - 11115 - 11245 - 11350 SL - 11010
Sell BankNifty Future below 10972 - 10900 - 10800 - 10665 SL - 11029

INTRADAY TRADE
Reliance: Buy above 883 for targets of 888, 900 SL 876
Reliance: Sell below 872 for targets of 867, 856 SL 881
Ranbaxy: Buy above 422 for targets of 426, 431 SL 417
Lt: Buy above 978 for targets of 985, 996 SL 970

SCORE SHEET
Polaris: Buy above 155 for targets of 156, 158 SL 153: Call not active
Cesc: Buy above 398 for targets of 403, 410 SL 394: Target 404.60 done

POSITIONAL TRADE
Ucobank: Buy above 75 for target of 78 SL 73.7 (2-3 Days)
Arvind: Buy above 114 for target of 120 SL 111 (1 Week)

Thanks and Regards

MarketPulse S&P