Market outlook for 26/11/2013

Nifty closed up 119.90 points (2.00%) at 6115.35 while Nifty Future closed at 6133.90, premium of 18.55 points.
Bank Nifty closed up 406.05 points (3.80%) at 11083.40 while Future closed at 11116.00, premium of 32.60 points.

• FII bought in Cash (Net buy 837.80 Crore)
• FII bought in index future, index option but sold in stock future (Net buy 1300.90 Crore)
• DII sold in Cash (Net sell 792.43 Crore)
• Most Active Nifty Call Option: 6100 and 6200.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 864:491.
• McClellan's oscillator for NSE at -10.

NIFTY TECHNICAL

Current Spot: 6115.35
Pivot: 6092
5DEMA: 6077
10DEMA: 6095
20DEMA: 6108
50DEMA: 6015
RSI (14 days): 51.46
Parabolic SAR: 6169
Supports: 6060 - 6004 - 5972
Resistance: 6147 - 6179 - 6235

Nifty Future VIX Range: 6056 - 6206
Nifty Future VWAP: 6102.37
MP Values Nifty Future: VAH - 6122, POC - 6099, VAL - 6076

TARGET NIFTY
Buy Nifty Future above 6139 - 6160 - 6095 - 6245 SL - 6099
Sell Nifty Future below 6098 - 6080 - 6035 - 5990 SL - 6122

BANKNIFTY TECHNICAL

Current Spot: 11083.40
Pivot: 10987
5DEMA: 10908
10DEMA: 10922
20DEMA: 10910
50DEMA: 10619
RSI (14 days): 54.84
Parabolic SAR: 10412
Supports: 10877 - 10670 - 10559
Resistance: 11194 - 11305 - 11511

Bank Nifty Future VIX Range: 10878 - 11354
Bank Nifty Future VWAP: 11006.25
MP Values Bank Nifty Future: VAH - 11068, POC - 10978, VAL - 10888

TARGET BANKNIFTY
Buy BankNifty Future above 11124 - 11215 - 11320 - 11450 SL - 11014
Sell BankNifty Future below 11003 - 10920 - 10810 - 10660 SL - 11068

INTRADAY TRADE
Reliance: Buy above 854 for targets of 857, 862 SL 849
Reliance: Sell below 847 for targets of 844, 839 SL 853
Adanient: Buy above 257 for targets of 260, 265 SL 253
Sobha: Buy above 333 for targets of 336, 342 SL 327

SCORE SHEET
McLeodruss: Buy above 278 for targets of 280, 284 SL 274: Target 282.90 done
TataSteel: Buy above 394 for targets of 397, 403 SL 390: Target 399.00 done

POSITIONAL TRADE
Tataelxsi: Buy above 255 for target of 265 SL 252 (2-3 Days)
Archies: Buy above 19 for target of 21 SL 18.7 (1 Week)

Thanks and Regards

MarketPulse S&P