Market outlook for 14/11/2013

Nifty closed down 28.45 points (0.47%) at 5989.60 while Nifty Future closed at 6033.00, premium of 43.40 points.
Bank Nifty closed down 59.70 points (0.56%) at 10523.35 while Future closed at 10601.00, premium of 77.65 points.

• FII bought in Cash (Net buy 299.70 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 117.82 Crore)
• DII sold in Cash (Net sell 253.01 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 463:861.
• McClellan's oscillator for NSE at -39.

NIFTY TECHNICAL

Current Spot: 5989.60
Pivot: 6001
5DEMA: 6071
10DEMA: 6124
20DEMA: 6125
50DEMA: 6007
RSI (14 days): 40.27
Parabolic SAR: 6303
Supports: 5961 - 5932 - 5891
Resistance: 6030 - 6071 - 6100

Nifty Future VIX Range: 5973 - 6098
Nifty Future VWAP: 6047.18
MP Values Nifty Future: VAH - 6084, POC - 6060, VAL - 6036

TARGET NIFTY
Buy Nifty Future above 6048 - 6070 - 6100 - 6145 SL - 6033
Sell Nifty Future below 6024 - 6005 - 5975 - 5930 SL - 6046

BANKNIFTY TECHNICAL

Current Spot: 10523.35
Pivot: 10529
5DEMA: 10760
10DEMA: 10914
20DEMA: 10890
50DEMA: 10568
RSI (14 days): 42.44
Parabolic SAR: 11513
Supports: 10406 - 10289 - 10166
Resistance: 10646 - 10769 - 10887

Bank Nifty Future VIX Range: 10408 - 10829
Bank Nifty Future VWAP: 10603.70
MP Values Bank Nifty Future: VAH - 10678, POC - 10611, VAL - 10544

TARGET BANKNIFTY
Buy BankNifty Future above 10615 - 10680 - 10780 - 10900 SL - 10599
Sell BankNifty Future below 10585 - 10520 - 10420 - 10300 SL - 10612

INTRADAY TRADE
Reliance: Buy above 854 for targets of 857, 866 SL 847
Reliance: Sell below 841 for targets of 837, 828 SL 851
TataSteel: Buy above 360 for targets of 363, 369 SL 356
Idea: Buy above 166 for targets of 167.5, 170 SL 163

SCORE SHEET
Recltd: Buy above 213 for targets of 215, 220 SL 211: Target 214.60 done
Tatachem: Buy above 272 for targets of 275, 281 SL 267: Target 273.90 done

POSITIONAL TRADE
Ambujacem: Buy above 176 for target of 181 SL 174 (2-3 Days)
Tv18brdcst: Buy above 22.5 for target of 24 SL 22.2 (1 Week)

Thanks and Regards

MarketPulse S&P