Market outlook for 13/11/2013

Nifty closed down 60.75 points (1.00%) at 6018.05 while Nifty Future closed at 6071.55, premium of 53.50 points.
Bank Nifty closed down 175.40 points (1.63%) at 10583.05 while Future closed at 10685.30, premium of 102.25 points.

• FII bought in Cash (Net buy 347.58 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 35.03 Crore)
• DII sold in Cash (Net sell 870.40 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 461:897.
• McClellan's oscillator for NSE at -27.

NIFTY TECHNICAL

Current Spot: 6018.05
Pivot: 6046
5DEMA: 6112
10DEMA: 6153
20DEMA: 6139
50DEMA: 6001
RSI (14 days): 42.37
Parabolic SAR: 6324
Supports: 5984 - 5949 - 5887
Resistance: 6081 - 6143 - 6178

Nifty Future VIX Range: 6001 - 6130
Nifty Future VWAP: 6110.42
MP Values Nifty Future: VAH - 6151, POC - 6133, VAL - 6103

TARGET NIFTY
Buy Nifty Future above 6103 - 6125 - 6160 - 6205 SL - 6091
Sell Nifty Future below 6062 - 6042 - 6010 - 5965 SL - 6101

BANKNIFTY TECHNICAL

Current Spot: 10583.05
Pivot: 10662
5DEMA: 10879
10DEMA: 11001
20DEMA: 10928
50DEMA: 10547
RSI (14 days): 43.88
Parabolic SAR: 11609
Supports: 10464 - 10345 - 10147
Resistance: 10781 - 10979 - 11098

Bank Nifty Future VIX Range: 10429 - 10862
Bank Nifty Future VWAP: 10822.08
MP Values Bank Nifty Future: VAH - 10943, POC - 10870, VAL - 10793

TARGET BANKNIFTY
Buy BankNifty Future above 10766 - 10850 - 11000 - 11160 SL - 10741
Sell BankNifty Future below 10669 - 10580 - 10465 - 10300 SL - 10763

INTRADAY TRADE
Reliance: Buy above 862 for targets of 867, 877 SL 856
Reliance: Sell below 848 for targets of 843, 835 SL 860
Recltd: Buy above 213 for targets of 215, 220 SL 211
Tatachem: Buy above 272 for targets of 275, 281 SL 267

SCORE SHEET
Tatacomm: Buy above 288 for targets of 291, 298 SL 282: Target 293.60 done
Ceatltd: Buy above 246 for targets of 249, 255 SL 242: SL Hit

POSITIONAL TRADE
Trident: Buy above 13.2 for target of 14 SL 13 (2-3 Days)
Kopran: Buy above 18.9 for target of 21 SL 18.6 (1 Week)

Thanks and Regards

MarketPulse S&P