Wednesday, November 20, 2013

Market outlook for 20/11/2013

Nifty closed up 14.35 points (0.23%) at 6203.35 while Nifty Future closed at 6230.50, premium of 27.15 points.
Bank Nifty closed up 45.55 points (0.41%) at 11187.85 while Future closed at 11233.20, premium of 45.35 points.
  • FII bought in Cash (Net buy 1014.61 Crore)
  • FII sold in stock future, index option but bought in index future (Net sell 668.68 Crore)
  • DII sold in Cash (Net sell 726.55 Crore)
  • Most Active Nifty Call Option: 6200 and 6300.
  • Most Active Nifty Put Options: 6200 and 6100.
  • Advance Decline for the day was 694:678.
  • McClellan's oscillator for NSE at -4.
NIFTY TECHNICAL
Current Spot: 6203.35
Pivot: 6199
5DEMA: 6139
10DEMA: 6140
20DEMA: 6132
50DEMA: 6001
RSI (14 days): 57.32
Parabolic SAR: 6230
Supports: 6185 - 6166 - 6153
Resistance: 6217 - 6231 - 6249
Nifty Future VIX Range: 6162 - 6299
Nifty Future VWAP: 6224.82
MP Values Nifty Future: VAH - 6233, POC - 6226, VAL - 6219

TARGET NIFTY
Buy Nifty Future above 6234 - 6250 - 6270 - 6305 SL - 6218
Sell Nifty Future below 6209 - 6198 - 6170 - 6145 SL - 6226

BANKNIFTY TECHNICAL
Current Spot: 11187.85
Pivot: 11168
5DEMA: 10995
10DEMA: 10985
20DEMA: 10933
50DEMA: 10557
RSI (14 days): 57.83
Parabolic SAR: 11215
Supports: 11128 - 11067 - 11027
Resistance: 11228 - 11268 - 11328
Bank Nifty Future VIX Range: 11005 - 11461
Bank Nifty Future VWAP: 11209.24
MP Values Bank Nifty Future: VAH - 11232, POC - 11204, VAL - 11176

TARGET BANKNIFTY
Buy BankNifty Future above 11242 - 11280 - 11330 - 11400 SL - 11203
Sell BankNifty Future below 11198 - 11165 - 11100 - 11050 SL - 11233

INTRADAY TRADE
Reliance: Buy above 884 for targets of 887, 892 SL 877
Reliance: Sell below 874 for targets of 871, 866 SL 882
Jindalstel: Buy above 257 for targets of 260, 265 SL 253
Pnb: Buy above 551 for targets of 556, 565 SL 544

SCORE SHEET
Niittech: Buy above 316 for targets of 319, 325 SL 310: Target 320.90 done
Relinfra: Buy above 429 for targets of 432, 435 SL 425: Target 430.90 done

POSITIONAL TRADE
Godrejind: Buy above 292 for target of 299 SL 287 (2-3 Days)
Ashokley: Buy above 16.1 for target of 18 SL 15.8 (1 Week)

Thanks and Regards

MarketPulse S&P

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