Market outlook for 12/11/2014

Nifty closed up 18.40 points (0.22%) at 8362.65 while Future closed at 8395.85, premium of 33.20 points.
Bank Nifty closed up 127.80 points (0.74%) at 17390.20 while Future closed at 17501.75, premium of 111.55 points.

• FII bought in Cash (Net buy 458.04 Crore)
• FII sold in index future, index option, and in stock future (Net sell 1213.40 Crore)
• DII sold in Cash (Net sell 516.98 Crore)
• Most Active Nifty Call Option: 8400 and 8500.
• Most Active Nifty Put Options: 8300 and 8200.
• Advance Decline for the day was 802:746.
• McClellan's oscillator for NSE at +31.

NIFTY TECHNICAL

Current Spot: 8362.65
Pivot: 8354
5DEMA: 8322
10DEMA: 8243
20DEMA: 8141
50DEMA: 8015
RSI (14 days): 73.35
Parabolic SAR: 8151
Supports: 8330 - 8298 - 8273
Resistance: 8387 - 8411 - 8444

Nifty Future VWAP: 8385.10
Nifty Future VIX Range: 8330 - 8468
MP Values Nifty Future: VAH - 8400, POC - 8386, VAL - 8372

TARGET NIFTY
Buy Nifty Future above 8401 - 8414 - 8435 - 8470 SL - 8384
Sell Nifty Future below 8372 - 8360 - 8335 - 8315 SL - 8400

BANKNIFTY TECHNICAL

Current Spot: 17390.20
Pivot: 17348
5DEMA: 17251
10DEMA: 17021
20DEMA: 16660
50DEMA: 16139
RSI (14 days): 74.47
Parabolic SAR: 17011
Supports: 17262 - 17135 - 17049
Resistance: 17476 - 17562 - 17690

Bank Nifty Future VWAP: 17427.23
Bank Nifty Future VIX Range: 17332 - 17762
MP Values Bank Nifty Future: VAH - 17509, POC - 17443, VAL - 17377

TARGET BANKNIFTY
Buy BankNifty Future above 17515 - 17590 - 17680 - 17800 SL - 17427
Sell BankNifty Future below 17425 - 17365 - 17275 - 17130 SL - 17509

INTRADAY TRADE
TataSteel: Buy above 483 for targets of 487, 492 SL 477
Idfc: Buy above 156 for targets of 157.5, 160 SL 153.8

SCORE SHEET
Irb: Buy above 274 for targets of 277, 282 SL 269: Target 279.25 done
Itc: Buy above 373 for targets of 377, 383 SL 367: Call not active

POSITIONAL TRADE
Starpaper: Buy above 14.5 for target of 15.8 SL 13.9 (2-3 Days)
Hfcl: Buy above 23.0 for target of 25.0 SL 22.3 (1 Week)

Thanks and Regards

MarketPulse S&P