Market outlook for 12/11/2013

Nifty closed down 61.95 points (1.01%) at 6078.80 while Nifty Future closed at 6126.85, premium of 48.05 points.
Bank Nifty closed down 154.70 points (1.42%) at 10758.45 while Future closed at 10840.70, premium of 82.25 points.

• FII bought in Cash (Net buy 333.50 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 270.55 Crore)
• DII sold in Cash (Net sell 782.53 Crore)
• Most Active Nifty Call Option: 6300 and 6400.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 473:882.
• McClellan's oscillator for NSE at -11.

NIFTY TECHNICAL

Current Spot: 6078.80
Pivot: 6096
5DEMA: 6160
10DEMA: 6183
20DEMA: 6152
50DEMA: 6000
RSI (14 days): 46.71
Parabolic SAR: 6337
Supports: 6050 - 6022- 5977
Resistance: 6124 - 6170 - 6198

Nifty Future VIX Range: 6069 - 6201
Nifty Future VWAP: 6146.56
MP Values Nifty Future: VAH - 6162, POC - 6145, VAL - 6128

TARGET NIFTY
Buy Nifty Future above 6148 - 6170 - 6205 - 6240 SL - 6128
Sell Nifty Future below 6118 - 6100 - 6070 - 6035 SL - 6146

BANKNIFTY TECHNICAL

Current Spot: 10758.45
Pivot: 10791
5DEMA: 11027
10DEMA: 11094
20DEMA: 10964
50DEMA: 10546
RSI (14 days): 47.61
Parabolic SAR: 11677
Supports: 10642 - 10525 - 10376
Resistance: 10908 - 11057 - 11174

Bank Nifty Future VIX Range: 10618 - 11066
Bank Nifty Future VWAP: 10881.84
MP Values Bank Nifty Future: VAH - 10960, POC - 10891, VAL - 10822

TARGET BANKNIFTY
Buy BankNifty Future above 10891 - 10980 - 11110 - 11235 SL - 10822
Sell BankNifty Future below 10820 - 10735 - 10620 - 10500 SL - 10880

INTRADAY TRADE
Reliance: Buy above 873 for targets of 878, 888 SL 867
Reliance: Sell below 860 for targets of 855, 848 SL 871
Tatacomm: Buy above 288 for targets of 291, 298 SL 282
Ceatltd: Buy above 246 for targets of 249, 255 SL 242

SCORE SHEET
Ranbaxy: Buy above 422 for targets of 426, 431 SL 417: Target 426 done
Lt: Buy above 978 for targets of 985, 996 SL 970: Call not active

POSITIONAL TRADE
Zeel: Buy above 284 for target of 296 SL 277 (2-3 Days)
Mtnl: Buy above 15.3 for target of 17 SL 15 (1 Week)

Thanks and Regards

MarketPulse S&P