Market outlook for 21/11/2013

Nifty closed down 80.45 points (1.30%) at 6122.90 while Nifty Future closed at 6149.05, premium of 26.15 points.
Bank Nifty closed down 220.70 points (1.97%) at 10967.15 while Future closed at 11024.05, premium of 56.90 points.

• FII bought in Cash (Net buy 80.40 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 362.59 Crore)
• DII sold in Cash (Net sell 283.81 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 647:707.
• McClellan's oscillator for NSE at -7.

NIFTY TECHNICAL

Current Spot: 6122.90
Pivot: 6145
5DEMA: 6134
10DEMA: 6137
20DEMA: 6131
50DEMA: 6005
RSI (14 days): 51.08
Parabolic SAR: 6212
Supports: 6085 - 6047 - 5988
Resistance: 6183 - 6242 - 6280

Nifty Future VIX Range: 6064 - 6201
Nifty Future VWAP: 6191.70
MP Values Nifty Future: VAH - 6233, POC - 6213, VAL - 6159

TARGET NIFTY
Buy Nifty Future above 6176 - 6200 - 6245 - 6305 SL - 6159
Sell Nifty Future below 6140 - 6115 - 6070 - 6025 SL - 6174

BANKNIFTY TECHNICAL

Current Spot: 10967.15
Pivot: 11010
5DEMA: 10986
10DEMA: 10982
20DEMA: 10936
50DEMA: 10579
RSI (14 days): 52.41
Parabolic SAR: 11208
Supports: 10863 - 10759 - 10612
Resistance: 11114 - 11261 - 11365

Bank Nifty Future VIX Range: 10745 - 11187
Bank Nifty Future VWAP: 11107.39
MP Values Bank Nifty Future: VAH - 11167, POC - 11095, VAL - 11023

TARGET BANKNIFTY
Buy BankNifty Future above 11095 - 11170 - 11305 - 11410 SL - 11022
Sell BankNifty Future below 11008 - 10925 - 10830 - 10680 SL - 11070

INTRADAY TRADE
Reliance: Buy above 872 for targets of 876, 891 SL 865
Reliance: Sell below 858 for targets of 854, 844 SL 870
Amarajabat: Buy above 333 for targets of 336, 342 SL 328
Ceatltd: Buy above 261 for targets of 264, 271 SL 254

SCORE SHEET
Jindalstel: Buy above 257 for targets of 260, 265 SL 253: Target 260.15 done
Pnb: Buy above 551 for targets of 556, 565 SL 544: SL Hit

POSITIONAL TRADE
Justdial: Buy above 1400 for target of 1480 SL 1359 (2-3 Days)
Siticable: Buy above 18.2 for target of 20 SL 17.8 (1 Week)

Thanks and Regards

MarketPulse S&P