Market outlook for 25/11/2013

Nifty closed down 3.60 points (0.06%) at 5995.45 while Nifty Future closed at 6015.25, premium of 19.80 points.
Bank Nifty closed down 29.55 points (0.28%) at 10677.35 while Future closed at 10713.25, premium of 35.90 points.

• FII sold in Cash (Net sell 2.83 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 426.94 Crore)
• DII sold in Cash (Net sell 252.45 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6000 and 5900.
• Advance Decline for the day was 603:738.
• McClellan's oscillator for NSE at -28.

NIFTY TECHNICAL

Current Spot: 5995.45
Pivot: 6006
5DEMA: 6058
10DEMA: 6090
20DEMA: 6107
50DEMA: 6005
RSI (14 days): 43.14
Parabolic SAR: 6186
Supports: 5962 - 5929 - 5886
Resistance: 6039 - 6083 - 6116

Nifty Future VIX Range: 5954 - 6094
Nifty Future VWAP: 6033.01
MP Values Nifty Future: VAH - 6055, POC - 6031, VAL - 6007

TARGET NIFTY
Buy Nifty Future above 6031 - 6055 - 6095 - 6140 SL - 6007
Sell Nifty Future below 6006 - 5980 - 5945 - 5900 SL - 6026

BANKNIFTY TECHNICAL

Current Spot: 10677.35
Pivot: 10709
5DEMA: 10821
10DEMA: 10886
20DEMA: 10892
50DEMA: 10592
RSI (14 days): 46.34
Parabolic SAR: 11082
Supports: 10599 - 10520 - 10409
Resistance: 10788 - 10899 - 10978

Bank Nifty Future VIX Range: 10528 - 10959
Bank Nifty Future VWAP: 10768.22
MP Values Bank Nifty Future: VAH - 10844, POC - 10792, VAL - 10732

TARGET BANKNIFTY
Buy BankNifty Future above 10751 - 10815 - 10910 - 11000 SL - 10729
Sell BankNifty Future below 10698 - 10640 - 10560 - 10460 SL - 10746

INTRADAY TRADE
Reliance: Buy above 851 for targets of 855, 862 SL 844
Reliance: Sell below 840 for targets of 836, 829 SL 849
McLeodruss: Buy above 278 for targets of 280, 284 SL 274
TataSteel: Buy above 394 for targets of 397, 403 SL 390

SCORE SHEET
Maruti: Buy above 1656 for targets of 1664, 1680 SL 1644: Target 1676.75 done
Cesc: Buy above 390 for targets of 394, 400 SL 385: Call not Active

POSITIONAL TRADE
Apollotyre: Buy above 77 for target of 80 SL 75 (2-3 Days)
GmrInfra: Buy above 22 for target of 24 SL 21.5 (1 Week)

Thanks and Regards

MarketPulse S&P