Market outlook for 11/11/2014

Nifty closed up 7.25 points (0.09%) at 8344.25 while Future closed at 8379.50, premium of 35.25 points.
Bank Nifty closed down 84.65 points (0.49%) at 17262.40 while Future closed at 17362.80, premium of 100.40 points.

• FII bought in Cash (Net buy 355.30 Crore)
• FII sold in index future, index option, and in stock future (Net sell 1084.55 Crore)
• DII sold in Cash (Net sell 314.93 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8300 and 8200.
• Advance Decline for the day was 747:796.
• McClellan's oscillator for NSE at +34.

NIFTY TECHNICAL

Current Spot: 8344.25
Pivot: 8344
5DEMA: 8302
10DEMA: 8216
20DEMA: 8117
50DEMA: 8001
RSI (14 days): 72.54
Parabolic SAR: 8101
Supports: 8305 - 8265 - 8226
Resistance: 8383 - 8423 - 8462

Nifty Future VWAP: 8372.65
Nifty Future VIX Range: 8314 - 8456
MP Values Nifty Future: VAH - 8405, POC - 8383, VAL - 8361

TARGET NIFTY
Buy Nifty Future above 8393 - 8410 - 8435 - 8470 SL - 8369
Sell Nifty Future below 8361 - 8345 - 8315 - 8285 SL - 8383

BANKNIFTY TECHNICAL

Current Spot: 17262.40
Pivot: 17292
5DEMA: 17181
10DEMA: 16939
20DEMA: 16583
50DEMA: 16088
RSI (14 days): 72.74
Parabolic SAR: 16905
Supports: 17173 - 17083 - 16964
Resistance: 17382 - 17501 - 17591

Bank Nifty Future VWAP: 17378.74
Bank Nifty Future VIX Range: 17166 - 17599
MP Values Bank Nifty Future: VAH - 17436, POC - 17383, VAL - 17330

TARGET BANKNIFTY
Buy BankNifty Future above 17407 - 17480 - 17580 - 17700 SL - 17378
Sell BankNifty Future below 17337 - 17275 - 17190 - 17065 SL - 17403

INTRADAY TRADE
Irb: Buy above 274 for targets of 277, 282 SL 269
Itc: Buy above 373 for targets of 377, 383 SL 367

SCORE SHEET
Zeel: Buy above 374 for targets of 377, 383 SL 369: SL Hit
Idea: Buy above 169 for targets of 171, 175 SL 165.5: SL Hit

POSITIONAL TRADE
CoalIndia: Buy above 351 for target of 361 SL 346 (2-3 Days)
Zeemedia: Buy above 23.6 for target of 26.0 SL 22.7 (1 Week)

Thanks and Regards

MarketPulse S&P