Market outlook for 18/11/2013

Nifty closed up 66.55 points (1.11%) at 6056.15 while Nifty Future closed at 6088.95, premium of 32.80 points.
Bank Nifty closed up 287.85 points (2.74%) at 10811.20 while Future closed at 10862.25, premium of 51.05 points.

• FII bought in Cash (Net buy 970.03 Crore)
• FII bought in index future, stock future and in index option (Net buy 907.94 Crore)
• DII sold in Cash (Net sell 410.81 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 862:477.
• McClellan's oscillator for NSE at -20.

NIFTY TECHNICAL

Current Spot: 6056.15
Pivot: 6065
5DEMA: 6066
10DEMA: 6111
20DEMA: 6119
50DEMA: 6012
RSI (14 days): 46.18
Parabolic SAR: 6277
Supports: 6028 - 6000 - 5963
Resistance: 6093 - 6130 - 6158

Nifty Future VIX Range: 6025 - 6151
Nifty Future VWAP: 6106.37
MP Values Nifty Future: VAH - 6125, POC - 6107, VAL - 6089

TARGET NIFTY
Buy Nifty Future above 6107 - 6125 - 6160 - 6190 SL - 6089
Sell Nifty Future below 6080 - 6065 - 6035 - 6000 SL - 6105

BANKNIFTY TECHNICAL

Current Spot: 10811.20
Pivot: 10788
5DEMA: 10777
10DEMA: 10895
20DEMA: 10883
50DEMA: 10581
RSI (14 days): 49.64
Parabolic SAR: 11403
Supports: 10684 - 10557 - 10453
Resistance: 10915 - 11019 - 11146

Bank Nifty Future VIX Range: 10653 - 11091
Bank Nifty Future VWAP: 10876.74
MP Values Bank Nifty Future: VAH - 10911, POC - 10876, VAL - 10841

TARGET BANKNIFTY
Buy BankNifty Future above 10876 - 10945 - 11035 - 11130 SL - 10840
Sell BankNifty Future below 10834 - 10770 - 10670 - 10580 SL - 10871

INTRADAY TRADE
Reliance: Buy above 860 for targets of 865, 872 SL 853
Reliance: Sell below 847 for targets of 843, 835 SL 857
RelInfra: Buy above 415 for targets of 418, 424 SL 412
Lichsgfin: Buy above 222 for targets of 224, 227 SL 217

SCORE SHEET
TataSteel: Buy above 360 for targets of 363, 369 SL 356: Target 376.85 done
Idea: Buy above 166 for targets of 167.5, 170 SL 163: Target 171.80 done

POSITIONAL TRADE
Gmrinfra: Buy above 22.3 for target of 23.2 SL 21.7 (2-3 Days)
Alembicltd: Buy above 16.6 for target of 18.5 SL 16.4 (1 Week)

Thanks and Regards

MarketPulse S&P