Market outlook for 29/11/2013

Nifty closed up 34.75 points (0.57%) at 6091.85 while Nifty Future closed at 6148.80, premium of 56.95 points.
Bank Nifty closed up 7.45 points (0.07%) at 10906.75 while Future closed at 11013.15, premium of 106.40 points.

• FII bought in Cash (Net buy 102.91 Crore)
• FII bought in index future, index option and in stock future (Net buy 2047.79 Crore)
• DII bought in Cash (Net buy 330.51 Crore)
• Most Active Nifty Call Option: 6200 and 6300.
• Most Active Nifty Put Options: 6100 and 6000.
• Advance Decline for the day was 797:536.
• McClellan's oscillator for NSE at -12.

NIFTY TECHNICAL

Current Spot: 6091.85
Pivot: 6091
5DEMA: 6075
10DEMA: 6084
20DEMA: 6098
50DEMA: 6006
RSI (14 days): 50.70
Parabolic SAR: 6125
Supports: 6069 - 6046 - 6024
Resistance: 6114 - 6136 - 6158

Nifty Future VIX Range: 6090 - 6230
Nifty Future VWAP: 6151.17
MP Values Nifty Future: VAH - 6165, POC - 6155, VAL - 6141

TARGET NIFTY
Buy Nifty Future above 6155 - 6165 - 6180 - 6210 SL - 6141
Sell Nifty Future below 6139 - 6130 - 6115 - 6085 SL - 6154

BANKNIFTY TECHNICAL

Current Spot: 10906.75
Pivot: 10937
5DEMA: 10906
10DEMA: 10914
20DEMA: 10908
50DEMA: 10604
RSI (14 days): 51.54
Parabolic SAR: 10482
Supports: 10812 - 10718 - 10593
Resistance: 11032 - 11156 - 11251

Bank Nifty Future VIX Range: 10840 - 11280
Bank Nifty Future VWAP: 11059.32
MP Values Bank Nifty Future: VAH - 11113, POC - 11051, VAL - 10989

TARGET BANKNIFTY
Buy BankNifty Future above 11051 - 11110 - 11210 - 11305 SL - 11007
Sell BankNifty Future below 10989 - 10930 - 10835 - 10730 SL - 11035

INTRADAY TRADE
Reliance: Buy above 853 for targets of 859, 866 SL 847
Reliance: Sell below 844 for targets of 838, 831 SL 851
Jktyre: Buy above 159 for targets of 162, 168 SL 155
TataElxsi: Buy above 294 for targets of 297, 303 SL 291

SCORE SHEET
Ceatltd: Buy above 280 for targets of 283, 290 SL 275: Target 294.80 done
Dhfl: Buy above 171 for targets of 174, 180 SL 166: Target 172.80 done

POSITIONAL TRADE
Ceatltd: Buy above 292 for target of 301 SL 288 (2-3 Days)
Apollotyre: Buy above 81.4 for target of 88 SL 80 (1 Week)

Thanks and Regards

MarketPulse S&P