Market outlook for 19/11/2013

Nifty closed up 132.85 points (2.19%) at 6189.00 while Nifty Future closed at 6217.05, premium of 28.05 points.
Bank Nifty closed up 331.10 points (3.06%) at 11142.30 while Future closed at 11196.00, premium of 53.70 points.

• FII bought in Cash (Net buy 1158.57 Crore)
• FII bought in index future, stock future and in index option (Net buy 1102.25 Crore)
• DII sold in Cash (Net sell 655.40 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 862:512.
• McClellan's oscillator for NSE at -5.

NIFTY TECHNICAL

Current Spot: 6189.00
Pivot: 6165
5DEMA: 6107
10DEMA: 6125
20DEMA: 6125
50DEMA: 5993
RSI (14 days): 56.43
Parabolic SAR: 6252
Supports: 6134 - 6079 - 6048
Resistance: 6220 - 6252 - 6307

Nifty Future VIX Range: 6154 - 6296
Nifty Future VWAP: 6184.37
MP Values Nifty Future: VAH - 6193, POC - 6169, VAL - 6159

TARGET NIFTY
Buy Nifty Future above 6222 - 6245 - 6270 - 6320 SL - 6193
Sell Nifty Future below 6189 - 6175 - 6145 - 6100 SL - 6205

BANKNIFTY TECHNICAL

Current Spot: 11142.30
Pivot: 11087
5DEMA: 10899
10DEMA: 10940
20DEMA: 10906
50DEMA: 10531
RSI (14 days): 56.98
Parabolic SAR: 11304
Supports: 11018 - 10893 - 10823
Resistance: 11212 - 11281 - 11406

Bank Nifty Future VIX Range: 10969 - 11437
Bank Nifty Future VWAP: 11122.82
MP Values Bank Nifty Future: VAH - 11165, POC - 11116, VAL - 11067

TARGET BANKNIFTY
Buy BankNifty Future above 11204 - 11255 - 11335 - 11470 SL - 11116
Sell BankNifty Future below 11114 - 11065 - 10950 - 10850 SL - 11141

INTRADAY TRADE
Reliance: Buy above 877 for targets of 881, 889 SL 867
Reliance: Sell below 865 for targets of 861, 850 SL 872
Niittech: Buy above 316 for targets of 319, 325 SL 310
Relinfra: Buy above 429 for targets of 432, 435 SL 425

SCORE SHEET
RelInfra: Buy above 415 for targets of 418, 424 SL 412: Target 428.60 done
Lichsgfin: Buy above 222 for targets of 224, 227 SL 217: Target 228.25 done

POSITIONAL TRADE
Sksmicro: Buy above 186 for target of 196 SL 180 (2-3 Days)
Kopran: Buy above 23.3 for target of 25 SL 22.5 (1 Week)

Thanks and Regards

MarketPulse S&P