Market outlook for 03/11/2014

Nifty closed up 153.00 points (1.87%) at 8322.20 while Future closed at 8352.70, premium of 30.50 points.
Bank Nifty closed up 285.00 points (1.70%) at 17045.05 while Future closed at 17146.45, premium of 101.40 points.

• FII bought huge in Cash (Net buy 1754.73 Crore)
• FII bought in index future, index option and in stock future (Net buy 3625.37 Crore)
• DII sold in Cash (Net sell 276.49 Crore)
• Most Active Nifty Call Option: 8300 and 8400.
• Most Active Nifty Put Options: 8200 and 8000.
• Advance Decline for the day was 1008:528.
• McClellan's oscillator for NSE at +45.

NIFTY TECHNICAL

Current Spot: 8322.20
Pivot: 8284
5DEMA: 8153
10DEMA: 8067
20DEMA: 8010
50DEMA: 7953
RSI (14 days): 70.88
Parabolic SAR: 7866
Supports: 8237 - 8151 - 8104
Resistance: 8369 - 8416 - 8502

Nifty Future VWAP: 8308.99
Nifty Future VIX Range: 8276 - 8435
MP Values Nifty Future: VAH - 8358, POC - 8334, VAL - 8290

TARGET NIFTY
Buy Nifty Future above 8359 - 8380 - 8425 - 8485 SL - 8308
Sell Nifty Future below 8299 - 8270 - 8230 - 8165 SL - 8334

BANKNIFTY TECHNICAL

Current Spot: 17045.05
Pivot: 16963
5DEMA: 16751
10DEMA: 16517
20DEMA: 16242
50DEMA: 15927
RSI (14 days): 71.66
Parabolic SAR: 16219
Supports: 16866 - 16686 - 16589
Resistance: 17142 - 17239 - 17419

Bank Nifty Future VWAP: 17034.57
Bank Nifty Future VIX Range: 16914 - 17376
MP Values Bank Nifty Future: VAH - 17165, POC - 17056, VAL - 16947

TARGET BANKNIFTY
Buy BankNifty Future above 17159 - 17265 - 17360 - 17480 SL - 17034
Sell BankNifty Future below 17029 - 16940 - 16850 - 16710 SL - 17068

INTRADAY TRADE
Idfc: Buy above 157 for targets of 159, 162 SL 154
Lichsgfin: Buy above 364 for targets of 367, 373 SL 359

SCORE SHEET
Yesbank: Buy above 665 for targets of 671, 680 SL 655: Target 689.20 done
Reliance: Buy above 983 for targets of 989, 1001 SL 969: Target 1003.70 done

POSITIONAL TRADE
Gail: Buy above 536 for target of 555 SL 529 (2-3 Days)
Gvkpil: Buy above 11.7 for target of 13.2 SL 11.3 (1 Week)

Thanks and Regards

MarketPulse S&P