Market outlook for 22/11/2013

Nifty closed down 123.85 points (2.02%) at 5999.05 while Nifty Future closed at 6018.50, premium of 19.45 points.
Bank Nifty closed down 260.25 points (2.37%) at 10706.90 while Future closed at 10730.85, premium of 23.95 points.

• FII sold in Cash (Net sell 59.80 Crore)
• FII sold in index future, stock future but bought in index option (Net sell 845.84 Crore)
• DII sold in Cash (Net sell 650.66 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 417:947.
• McClellan's oscillator for NSE at -26.

NIFTY TECHNICAL

Current Spot: 5999.05
Pivot: 6027
5DEMA: 6089
10DEMA: 6112
20DEMA: 6119
50DEMA: 5997
RSI (14 days): 43.47
Parabolic SAR: 6204
Supports: 5957 - 5915 - 5845
Resistance: 6069 - 6139 - 6181

Nifty Future VIX Range: 5960 - 6104
Nifty Future VWAP: 6052.27
MP Values Nifty Future: VAH - 6093, POC - 6064, VAL - 6035

TARGET NIFTY
Buy Nifty Future above 6064 - 6090 - 6135 - 6180 SL - 6035
Sell Nifty Future below 6009 - 5980 - 5935 - 5890 SL - 6048

BANKNIFTY TECHNICAL

Current Spot: 10706.90
Pivot: 10744
5DEMA: 10893
10DEMA: 10932
20DEMA: 10914
50DEMA: 10588
RSI (14 days): 46.88
Parabolic SAR: 11157
Supports: 10621 - 10535 - 10413
Resistance: 10830 - 10952 - 11038

Bank Nifty Future VIX Range: 10553 - 10999
Bank Nifty Future VWAP: 10795.19
MP Values Bank Nifty Future: VAH - 10842, POC - 10801, VAL - 10760

TARGET BANKNIFTY
Buy BankNifty Future above 10801 - 10870 - 10970 - 11090 SL - 10760
Sell BankNifty Future below 10715 - 10650 - 10550 - 10430 SL - 10783

INTRADAY TRADE
Reliance: Buy above 855 for targets of 860, 872 SL 848
Reliance: Sell below 843 for targets of 838, 828 SL 852
Maruti: Buy above 1656 for targets of 1664, 1680 SL 1644
Cesc: Buy above 390 for targets of 394, 400 SL 385

SCORE SHEET
Amarajabat: Buy above 333 for targets of 336, 342 SL 328: Target 342.50 done
Ceatltd: Buy above 261 for targets of 264, 271 SL 254: Target 271.00 done

POSITIONAL TRADE
Indiacem: Buy above 58.6 for target of 62 SL 55.8 (2-3 Days)
Dabur: Buy above 162 for target of 173 SL 158 (1 Week)

Thanks and Regards

MarketPulse S&P