Tuesday, November 4, 2014

Market outlook for 05/11/2014

Nifty closed up 1.95 points (0.02%) at 8324.15 while Future closed at 8361.05, premium of 36.90 points.
Bank Nifty closed up 89.05 points (0.52%) at 17134.10 while Future closed at 17225.95, premium of 91.85 points.
  • FII bought huge in Cash (Net buy 1413.34 Crore)
  • FII bought in index future, index option but sold in stock future (Net buy 134.37 Crore)
  • DII sold in Cash (Net sell 1183.08 Crore)
  • Most Active Nifty Call Option: 8400 and 8500.
  • Most Active Nifty Put Options: 8300 and 8200.
  • Advance Decline for the day was 1018:508.
  • McClellan's oscillator for NSE at +56.
NIFTY TECHNICAL
Current Spot: 8324.15
Pivot: 8324
5DEMA: 8210
10DEMA: 8114
20DEMA: 8039
50DEMA: 7964
RSI (14 days): 71.19
Parabolic SAR: 7924
Supports: 8298 - 8271 - 8245
Resistance: 8351 - 8377 - 8404
Nifty Future VWAP: 8363.21
Nifty Future VIX Range: 8282 - 8436
MP Values Nifty Future: VAH - 8374, POC - 8364, VAL - 8354

TARGET NIFTY
Buy Nifty Future above 8374 - 8385 - 8400 - 8425 SL - 8362
Sell Nifty Future below 8353 - 8345 - 8328 - 8305 SL - 8370

BANKNIFTY TECHNICAL
Current Spot: 17134.10
Pivot: 17079
5DEMA: 16879
10DEMA: 16629
20DEMA: 16327
50DEMA: 15972
RSI (14 days): 72.87
Parabolic SAR: 16409
Supports: 16990 - 16846 - 16756
Resistance: 17223 - 17313 - 17457
Bank Nifty Future VWAP: 17181.00
Bank Nifty Future VIX Range: 16993 - 17445
MP Values Bank Nifty Future: VAH - 17226, POC - 17155, VAL - 17084

TARGET BANKNIFTY
Buy BankNifty Future above 17239 - 17315 - 17410 - 17550 SL - 17155
Sell BankNifty Future below 17152 - 17085 - 16950 - 16850 SL - 17187

INTRADAY TRADE
Jindalstel: Buy above 171 for targets of 173, 177 SL 167
Relcapital: Buy above 493 for targets of 498, 506 SL 486

SCORE SHEET
Idfc: Buy above 157 for targets of 159, 162 SL 154: Call not Active
Lichsgfin: Buy above 364 for targets of 367, 373 SL 359: Target 367.40 done

POSITIONAL TRADE
Sksmicro: Buy above 353 for target of 372 SL 342 (2-3 Days)
Optocircui: Buy above 22.2 for target of 24.6 SL 21.3 (1 Week)

Thanks and Regards

MarketPulse S&P

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